CAclubindia News
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.
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.
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