CAclubindia News

GSTN Unveils Online Filing of Annexure-V for GTAs Opting for Forward Charge

28 December 2023 at 09:20

The Goods and Services Tax Network (GSTN) has rolled out a highly anticipated feature, enabling the online filing of Annexure-V on the GST Portal. This feature is specifically tailored for newly registered GTAs choosing to operate under Forward Charge.

Posted in GST | 5868 Views

ICICI Lombard Receives GST Demand Notice of Over Rs 5.66 crore

28 December 2023 at 09:17

ICICI Lombard General Insurance Company, a prominent player in the insurance sector, has encountered a significant setback as it received a demand notice for the alleged short payment of Goods and Services Tax (GST) amounting to over Rs 5.66 crore.

Posted in GST | 2514 Views

Income Tax Dept Issues Clarification on Notices Sent to Taxpayers Who Already Filed ITR

27 December 2023 at 15:08

The Income Tax Department has released a clarification on the social media platform 'X' (formerly known as Twitter), addressing concerns and questions surrounding notices sent to individuals who have already filed their income tax returns (ITRs).

Posted in Income Tax | 8385 Views

GST Amnesty Scheme Appeals: Eligibility and Forms Until 31st January 2024

27 December 2023 at 09:25

In a proactive move to alleviate the challenges faced by taxpayers dealing with Goods and Services Tax (GST) issues, the Central Board of Indirect Taxes and Customs (CBIC) has unveiled a groundbreaking amnesty scheme.

Posted in GST | 10122 Views

Zydus Healthcare Faces Rs 285 Crore Income Tax Demand

27 December 2023 at 09:25

Indian pharmaceutical major Zydus Life revealed that its wholly-owned subsidiary, Zydus Healthcare Limited (ZHL), has received an Income Tax demand of Rs 284.58 crore

Posted in Income Tax | 2337 Views

Real Estate Developers Urge 18% GST Amendment on Corporate Guarantees in Representation to FM

27 December 2023 at 09:24

Real estate developers have reportedly approached Finance Minister Nirmala Sitharaman, urging amendments to the recent circular imposing an 18% Goods and Services Tax (GST) on corporate guarantees

Posted in GST | 2130 Views

IT Dept uses fine-tooth comb to nab both employers & employees for TDS claims mismatch

27 December 2023 at 09:23

In a bid to ensure accurate tax compliance, the Income Tax department is intensifying its efforts to reconcile discrepancies between the tax deducted at source (TDS) by companies and the declarations made by employees in their annual I-T returns.

Posted in Income Tax | 12012 Views