CAclubindia News

Gujarat's GST Evasion: Over 9,000 Cases Reported in Last 4 Years

09 February 2024 at 09:17

Gujarat, often heralded as the epicenter of the business community, is grappling with a significant surge in Goods and Service Tax (GST) evasion cases, reaffirming its pivotal role in the nation's economic landscape.

Posted in GST | 2808 Views

RBI Expected to Provide Clarification on Paytm Services, Says Financial Services Secretary

09 February 2024 at 09:16

The Reserve Bank of India (RBI) is deliberating on potential actions regarding Paytm Payments Bank (Paytm PB) following regulatory non-compliance issues

Posted in Community & General | 2673 Views

Over 2.16 Lakh Individuals Earn Above Rs 1 Crore in AY 2023-24

09 February 2024 at 09:16

The latest data presented in Parliament by Minister of State for Finance Pankaj Chaudhary has revealed a remarkable surge in the count of individuals earning more than Rs 1 crore annually in India

Posted in Income Tax | 6711 Views

RBI Keeps Repo Rate Unchanged At 6.50%

08 February 2024 at 13:07

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today

Posted in Community & General | 1950 Views

Lok Sabha Passes Finance Bill 2024

08 February 2024 at 09:30

On Wednesday, the Lok Sabha marked a significant milestone in India's fiscal landscape by passing the Finance Bill 2024, effectively concluding the legislative process for the interim budget 2024-25.

Posted in Union Budget & Policy | 5640 Views

Paytm CEO Meets FM Nirmala Sitharaman Amid Paytm Payment Bank Crisis

08 February 2024 at 09:28

In a bid to address the escalating crisis involving Paytm's banking arm, Paytm Payment Bank (PPBL), Vijay Shekhar Sharma, the founder and CEO of Paytm, held a crucial meeting with Union Finance Minister Nirmala Sitharaman on February 6.

Posted in Community & General | 2877 Views

New ITR-5 & ITR-6 Mandate MSME Registration from April 1, 2024

08 February 2024 at 09:24

In a move towards streamlining tax procedures and enhancing transparency, the Income Tax Department has introduced significant changes to income tax return (ITR) forms, effective April 1, 2024.

Posted in Income Tax | 22593 Views

GST Portal Expands Credit/Debit Card Payments to 4 New States

08 February 2024 at 09:23

In a bid to enhance convenience and accessibility for taxpayers, the Goods and Services Tax (GST) portal has rolled out a significant update, now allowing GST payments through Credit Cards and Debit Cards.

Posted in GST | 5394 Views

FIR Filed Against State Tax Assistant Commissioner and GST Officers for Rs 1 Crore Bribe

08 February 2024 at 09:23

In a shocking development, the Anti-Corruption Bureau (ACB) of Maharashtra has initiated legal proceedings against an Assistant Commissioner of the State GST department, along with other officers, for allegedly soliciting a massive bribe of Rs 1 crore.

Posted in GST | 3381 Views