CAclubindia News

IT Department Unearths Rs 10,000 Crore Tax Evasion by Online Sellers on Instagram and Facebook

23 November 2023 at 08:44

Income Tax department has uncovered a major tax evasion scandal, amounting to nearly Rs 10,000 crore over a three-year period, involving e-tailers selling goods through popular social media platforms such as Instagram and Facebook.

Posted in Income Tax | 7362 Views

CBDT Issues Corrigendum for SFT Guidelines on Mutual Fund Transactions by Registrar & Share Transfer Agent

22 November 2023 at 08:48

CBDT issued a Corrigendum to Notification No. 4 of 2021 dated November 15, 2023, concerning the Format, Procedure, and Guidelines for the submission of the SFT for Mutual Fund Transactions by Registrar & Share Transfer Agent.

Posted in Income Tax | 4731 Views

SC Seeks Explanations as Finance Ministry, GST Council and CBIC Fail to Submit Replies

22 November 2023 at 08:47

In a significant development in the ongoing legal battle concerning the permission for filing revised returns under the GST regime

Posted in GST | 1 comments | 6321 Views

TCS Exemption for Rs 7 Lakh International Card Spend Expected in Interim Budget

21 November 2023 at 08:51

Anticipated Tax Relief: Government Set to Exempt Overseas Card Spending from TCS Up to ₹7 Lakh

Posted in Income Tax | 5256 Views

Deadline Approaching for Accurate Declaration of ITC in GST

21 November 2023 at 08:51

In a significant announcement, the State Goods and Services department has informed taxpayers that November 30, 2023, marks the final date for availing ITC

Posted in GST | 19197 Views

GST Net Expands its Reach for Real Estate Firms

21 November 2023 at 08:50

DGGI has initiated a series of notices targeting various real estate companies, urging the payment of GST for a range of transactions involving group companies or joint venture partners.

Posted in GST | 2748 Views

Rs 1.86 Lakh Fine Imposed for GST Evasion

20 November 2023 at 08:31

GST Officials Impose Fines on Tax Irregularities: Truck with Mixed Goods Penalized, Maruti Plastic Godown Raided

Posted in GST | 2958 Views

Comprehensive Manual on Direct API Integration with 6 IRPs for E-Invoice Reporting

20 November 2023 at 08:30

Comprehensive Guide and Instructions for Direct API Integration with Any of the 6 IRPs for E-Invoice Reporting

Posted in GST | 5247 Views

Industry Alleges Chaos and Legal Logjam Amid Faceless Tax Assessment System Implementation

18 November 2023 at 07:56

In an effort to enhance the efficiency of the faceless tax assessment facility introduced by the Income Tax Department, the industry has reached out to the CBDT, urging the implementation of key modifications to mitigate chaos and legal complexities.

Posted in Income Tax | 4146 Views

FM Approves Biometric Aadhaar Authentication at GST Seva Kendras in Andhra Pradesh

18 November 2023 at 07:52

Finance Minister Nirmala Sitharaman Announces Aadhaar Authentication for GST Seva Kendras in Andhra Pradesh to Enhance Registration Process and Security

Posted in GST | 2325 Views