CAclubindia News
Govt Plans to Remove GST Invoice Edit Option To Revise Output Liability
07 February 2024 at 09:04The government is contemplating eliminating the flexibility for buyers and sellers to revise their output liability by locking invoices and removing the edit option in the next financial year, as revealed by Revenue Secretary Sanjay Malhotra.
GST Officials Detects 14,597 Tax Evasion Cases from April to December
07 February 2024 at 09:03In a recent disclosure to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary revealed the proactive measures undertaken by GST officers to curb tax evasion.
Government Initiatives Boost MSME Sector Towards 'Viksit Bharat' Goal
07 February 2024 at 09:02Towards achieving the 'Viksit Bharat' objective, the Ministry of Micro, Small and Medium Enterprises implements various schemes for the benefit of MSME sector across the country
Paytm Under ED Scrutiny for Betting and Money Laundering Allegations
07 February 2024 at 09:01The Directorate of Enforcement (ED) has initiated a comprehensive investigation into Paytm dating back to 2021, revealing potential ties to money laundering and illicit betting activities, according to credible sources.
GST Notices Surge Prompts Push for Risk-Based State Assessments
07 February 2024 at 09:00India's corporate sector is currently grappling with a flood of show-cause notices regarding Goods and Services Tax (GST) payments, prompting a call for increased scrutiny and a shift towards risk-based assessments by state authorities.
Govt Accumulates Over Rs 600 Crore in Penalties for Delayed PAN-Aadhaar Linking
06 February 2024 at 15:15In a recent disclosure to the Parliament, Minister of State for Finance Pankaj Chaudhary unveiled staggering figures regarding the ongoing issue of linking Permanent Account Numbers (PAN) with Aadhaar
Revenue Secretary Vows to Curb GST Flexibility Abuse by Buyers and Sellers
06 February 2024 at 07:53In a recent interview, Revenue Secretary Sanjay Malhotra unveiled the government's proactive stance towards curbing Goods and Services Tax (GST) evasion, emphasizing measures to prevent abuse of corrective flexibility granted to businesses.
GST Appellate Tribunals (GSTAT) Anticipated to Launch by July or August 2024
06 February 2024 at 07:51In a recent interview, Revenue Secretary Sanjay Malhotra disclosed that the long-awaited Goods and Services Tax (GST) Appellate Tribunals, aimed at resolving taxpayer disputes within the indirect tax framework, are on the cusp of commencing operations.
RBI Ban on Paytm Payments Bank and Its Implications for FASTags
05 February 2024 at 09:24Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank, prohibiting it from accepting deposits or top-ups in any customer account, including FASTags, after February 29, 2024.
Enhanced GST System Introduced with Innovative e-Invoice Portal
05 February 2024 at 09:20The Government of India, in collaboration with States and Union Territories, has unveiled an upgraded Goods and Services Tax (GST) system, incorporating the advanced e-Invoice System.
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