CAclubindia News
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.
GST Council Contemplates Pan-India Biometric Authentication Rollout for Registration, Says CBIC Chief
05 February 2024 at 09:18In a significant move to combat fraudulent practices in GST registration, the GST Council is considering a proposal to make biometric-based Aadhaar authentication mandatory pan-India for individuals deemed suspicious, seeking GST registration
Budget 2024: CBDT Chairman Nitin Gupta Lauds Swift Tax Return Processing
05 February 2024 at 09:16In a significant development, Nitin Gupta, Chairman of the Central Board of Direct Taxation (CBDT), has announced that the process of tax return filing has been streamlined, reducing the turnaround time to just 10 days. G
Income Tax Dept Achieves Over Rs 1260 Crore TDS Collection on Online Gaming and Cryptocurrency Trade
05 February 2024 at 09:15Government Gains INR 1,260 Crore Through Innovative TDS Framework on Online Gaming and Cryptocurrency Trade
DGGI Unearths 1,700 Fraudulent ITC Cases Worth Rs 18,000 Crore; 98 Arrests in FY 2023-24
05 February 2024 at 09:14DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023)
Income Tax Department Notifies Higher TDS/TCS Rates for 'Inoperative' PANs
03 February 2024 at 09:23The Income Tax Department has issued a crucial attention notice to Tax Deductors and Collectors, notifying them of the implications of PAN status marked as 'Inoperative' on TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rates.
CBDT Extends Time for Processing E-Filed Returns with Refund Claims in Non-Scrutiny Cases
03 February 2024 at 09:22CBDT has issued an order dated January 31, 2024, announcing an extension in the time-limit for processing non-scrutiny Income Tax Returns up to Assessment Year (AY) 2020-21.
MSME Udyam Portal Unveils Effortless Verification Feature for Udyam Registration
03 February 2024 at 09:21In a move aimed at enhancing transparency and facilitating compliance, the MSME Udyam Portal has rolled out a significant update introducing a user-friendly feature that allows seamless verification of Udyam Registration numbers.
Maharashtra GST Dept Unveils Guidelines for SGST Reimbursement on Movie Tickets
03 February 2024 at 09:21The Maharashtra GST Department has issued Trade Circular No. 01T of 2024 dated January 29, 2024. The circular outlines a comprehensive procedure for the submission and processing of refund applications concerning the reimbursement of the SGST component.
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