CAclubindia News

Book-keeping, Accounting and Taxation Added to List of Financial Services in IFSC

23 January 2024 at 09:19

Indian government has broadened the range of activities permissible at the International Financial Services Centre (IFSC).

Posted in Professional Resource | 13656 Views

5 GST Officials Booked for Allegedly Demanding Rs 5 Crore Bribe from Ghaziabad-Based Businessman

23 January 2024 at 09:05

In a significant development, the Ghaziabad police have registered an FIR against five officials from the Directorate General of Goods and Services Tax Intelligence (DGGI) for allegedly demanding a hefty bribe of Rs. 5 crore from a local businessman.

Posted in GST | 4164 Views

Income Tax Notices Hit Insurers' Intermediaries for Alleged Fund Routing Violations Under Benami Law

23 January 2024 at 09:04

In a new twist, insurers and their agents are now grappling with notices under the Benami Transactions (Prohibition) Amendment Act, 2016, following last year's run-ins with income and service tax authorities.

Posted in Income Tax | 7206 Views

Businesses Brace for GST Show Cause Notices as FY19 Deadline Nears 31st Jan 2024

23 January 2024 at 09:03

With the approaching deadline, businesses across the country are gearing up for a potential deluge of show cause notices from Goods and Services Tax (GST) officials for the Fiscal Year 2018-19.

Posted in GST | 3345 Views

Income Tax Portal | 'Know Your Refund Status' Functionality Moved to Post-Login Mode

22 January 2024 at 09:11

In a move aimed at improving user accessibility and providing enhanced insights, the Income Tax Department has recently revamped the placement of the "Know Your Refund Status" feature on the income tax e-filing portal.

Posted in Income Tax | 7875 Views

Kerala GST Department Issues Guidelines for Filing Appeals in Absence of GST Appellate Tribunal

22 January 2024 at 09:10

The Kerala Goods and Services Tax (GST) Department has issued Circular No. 01/2024 dated January 11, 2024, providing crucial clarification and guidelines for the filing of appeals in the absence of a functional GST Appellate Tribunal.

Posted in GST | 5379 Views

Patna HC Penalizes GST Officer Rs 5K for Illegal Recovery

22 January 2024 at 09:09

The Patna High Court has imposed a penalty of Rs 5,000 on a GST officer for engaging in "forcible and illegal recovery" of the entire tax amount from an individual awaiting the statutory remedy of appeal before the non-functional GST tribunal in Bihar.

Posted in GST | 2520 Views

Surat Businessman Nabbed in Rs 2 Crore GST Manipulation Garment Company Scam

22 January 2024 at 09:08

The Economic Offence Wing (EOW) of the Thane police has made a significant arrest, apprehending a Surat-based businessman, Kailash Kothari (41), on charges of allegedly cheating his partner to the tune of Rs 2 crore.

Posted in GST | 2772 Views

Delhi High Court Halts NFRA Proceedings Against CA for Tax Deduction Claim Allegations

22 January 2024 at 09:08

In a recent development, the Delhi High Court has intervened in a case involving a Chartered Accountant (CA) facing proceedings under the Companies Act for alleged professional misconduct.

Posted in Income Tax | 7002 Views

Karnataka GST Authorities Bust Rs 180 Crore Fake ITC Scam

20 January 2024 at 08:48

In a major breakthrough, the Karnataka Commercial Taxes Department has successfully uncovered a multi-state GST fraud, leading to the arrest of the key mastermind, Mohammed Siddiq.

Posted in GST | 5028 Views