CAclubindia News
Cabinet Grants Approval for Two-Winged Transformation of State Taxes and Excise Administration
13 January 2024 at 16:28In a groundbreaking decision aimed at bolstering administrative efficiency, the Cabinet has granted approval for the restructuring of the State Taxes and Excise department.
LIC Receives Rs 3529 Crore GST Demand Notice From Mumbai Tax Authority
13 January 2024 at 09:01LIC has been served a GST demand notice of Rs 3,529 crore by Mumbai's tax authorities. This comes in addition to a series of notices received earlier this month, totaling significant amounts and spanning various states.
Hindustan Zinc Faces Rs 12.7 Crore GST Notice
13 January 2024 at 08:59Hindustan Zinc disclosed on Friday that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate, citing an "interpretational issue."
Interim Budget 2024: Government Eyes Simplification of Withholding Tax Provisions
13 January 2024 at 08:59In a significant move aimed at simplifying the tax framework and fostering a business-friendly environment, India is undergoing a comprehensive review of its withholding tax provisions.
Vodafone Idea Faces Rs 13.16 Crore Penalty in GST Case
12 January 2024 at 14:09In a recent regulatory filing on Thursday, Vodafone Idea disclosed that the GST additional commissioner's office in Chandigarh has imposed a hefty penalty of Rs. 13.16 crore on the telecom giant.
DGGI Unveils Staggering 119% Surge in Duty Evasion Cases for 2023, totaling Rs 1.98 Lakh Crore
12 January 2024 at 14:08In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore; 119% increase in detecting cases Year-on-Year
Direct Tax Collections Soar: 80.61% of Budget Estimates Achieved in FY 2023-24
12 January 2024 at 11:36Gross Direct Tax collections at Rs. 17.18 lakh crore with Y-o-Y growth of 16.77%, as on 10th January, 2024
CBIC unveils 'Samay' app to expedite tax appeal resolution and reduce litigation time
12 January 2024 at 09:11In a significant move to enhance efficiency and reduce the time taken for tax appeals, the Central Board of Indirect Taxes & Customs (CBIC) is set to roll out a new mobile application named 'Samay.'
IT Dept conducts search operations in Mumbai engaged in the manufacturing of electrical items
12 January 2024 at 09:10Income Tax Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023.
Income Tax Department Mandates LEI for Non-Individuals with Refunds over Rs 50 Crore
11 January 2024 at 09:18In a recent announcement, the Income Tax Department has introduced a new requirement for non-individual entities regarding the Credit of Refunds exceeding Rs. 50 crore.
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