CAclubindia News


MSME Minister Launches Rs 20 Lakh Scheme for GST-Exempted Micro Units Under CGTMSE

 19 February 2024 at 09:02

MSME Minister Narayan Rane has initiated a transformative scheme tailored for Informal Micro Enterprises (IMEs), aiming to enhance their access to credit facilities and alleviate financial constraints.

Posted in GST |   1 comments |   42846 Views


CBIC Releases Revised Guidelines and Formats for Arrest and Incident Reports

 17 February 2024 at 08:53

In a proactive move to bolster anti-smuggling measures, the CBIC has issued Instruction No. 02/2024-Customs, dated February 15, 2024.

Posted in GST |   4179 Views


Income Tax Notices Sent to Taxpayers for Donations to Unrecognized Political Parties

 17 February 2024 at 08:50

The Income Tax Department has initiated a probe into political donations made to registered yet unrecognized political parties during the financial years 2020-21 and 2021-22

Posted in Income Tax |   5676 Views


TRACES: Lower/Nil TDS Deduction Application Window Open for FY 2023-24 & 2024-25

 17 February 2024 at 08:48

TAN system has introduced the TDS Reconciliation Analysis and Correction Enabling System (TRACES), offering taxpayers the opportunity to file for lower or nil deduction of TDS, thereby enhancing their financial position.

Posted in Income Tax |   4905 Views


RBI Takes Action Against Paytm Payments Bank under Banking Regulation Act

 17 February 2024 at 08:45

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949

Posted in Community & General |   2604 Views


Central Government Notifies Finance Act 2024

 16 February 2024 at 17:17

The Indian government has officially notified the Finance Act, 2024, after its passage through the Parliament and receiving the President's assent on February 15, 2024.

Posted in Union Budget & Policy |   6018 Views


Builders Under GST Scrutiny: Notices Issued to Reverse ITC

 16 February 2024 at 08:58

In a significant development, the Goods and Services Tax (GST) department has initiated action against numerous builders, issuing notices to reverse Input Tax Credit (ITC) claimed for the fiscal years 2017-18 and 2018-19.

Posted in GST |   1 comments |   18663 Views


Star Health Faces Rs 170 Crore GST Demand, Rs 8.7 Crore Penalty Notice

 16 February 2024 at 08:58

In a recent development, Star Health and Allied Insurance Company Ltd disclosed receiving a significant tax demand order amounting to Rs 170 crore

Posted in GST |   2679 Views


Supreme Court Strikes Down Electoral Bonds, Halts SBI Issuance

 15 February 2024 at 13:02

On February 15th, the Supreme Court delivered its long-awaited verdict on a series of petitions challenging the Electoral Bond scheme, a system allowing for anonymous funding to political parties. The landmark judgment, delivered by a five-judge Cons

Posted in Community & General |   5484 Views


GST Department Intensifies Efforts to Meet FY24 Targets

 15 February 2024 at 09:08

Despite a robust increase in monthly GST collections, the Revenue department is intensifying efforts to ensure it meets the collection targets for the fiscal year.

Posted in GST |   8457 Views



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