CAclubindia News

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 | 3354 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 | 7887 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 | 5427 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 | 2565 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 | 2805 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 | 7035 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 | 5067 Views

Telecom Industry seeks USOF, Tax Reliefs in FY25 Union Budget

20 January 2024 at 08:46

The Cellular Operators Association of India (COAI), representing key private telecom operators, has presented crucial demands ahead of the FY25 Union Budget

Posted in Union Budget & Policy | 2733 Views

MCA: Over 141K firms incorporated in FY24 so far

20 January 2024 at 08:44

More than 141,000 companies have been incorporated in the current financial year until January 10, marking the highest number of firms registered under the Ministry of Corporate Affairs (MCA).

Posted in Corporate Law | 5706 Views

GSTN enabled Functionality to furnish Letter of Undertaking (LUT) for FY 2024-25

19 January 2024 at 15:35

Goods and Services Tax Network (GSTN) has introduced a new functionality on the GST Portal, enabling taxpayers to submit a Letter of Undertaking (LUT) for the Financial Year 2024-2025.

Posted in GST | 17385 Views