CAclubindia News

GSTN: Biometric-Based Aadhaar Authentication Rolled Out for GST Registration in Bihar, Delhi, Karnataka & Punjab

07 September 2024 at 09:03

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab

Posted in GST | 4167 Views

GST Below Revenue Neutral Rate, Easing Taxpayer Burden: FM Nirmala Sitharaman

06 September 2024 at 09:08

Ahead of the GST Council meeting on September 9, Union Finance Minister Nirmala Sitharaman emphasized that the current GST rate of 12.2% is significantly lower than the revenue neutral rate (RNR) of 15.3%.

Posted in GST | 3519 Views

GST Payments Now Accepted by 29 Banks

06 September 2024 at 09:01

The GSTN has added banks for acceptance of GST payments and among them Bandhan Bank Limited and IDFC First Bank Limited. By this addition, the cumulative of the banks which are connected to the GST portal now stands at 29; this makes it easier for ta

Posted in GST | 1362 Views

GST Council to Discuss Relief Measures and Sector-Specific Challenges in 54th GST Meeting

06 September 2024 at 08:56

The 54th GST Council meeting is set for September 9 in New Delhi, with a packed agenda addressing key issues across multiple industries.

Posted in GST | 1947 Views

No GST Exemption for EV Charging at Public Stations, 18% Tax to Continue

06 September 2024 at 08:53

In a recent verdict, the GST Fitment Committee including the state as well as the central revenue officers said 'no' to the request made by the EV industry to remove 18% GST on charging services across public stations.

Posted in GST | 2052 Views

Virat Kohli Emerges as Highest Tax-Paying Indian Sportsperson for FY 2023-24, Dhoni and Tendulkar in Top 3

05 September 2024 at 09:20

According to a recent report, Virat Kohli leads the pack as the highest tax-paying Indian sportsperson for the financial year 2023-24, contributing a staggering Rs 66 crore to the government.

Posted in Income Tax | 2901 Views

GlaxoSmithKline Pharma Receives Rs 222.23 Crore Income Tax Refund for AY 2022-23

05 September 2024 at 09:14

Global healthcare company GlaxoSmithKline Pharmaceuticals Ltd (GSK) announced on September 3, 2024, that it has received an income tax refund of Rs 222.23 crore for the assessment year 2022-23, following an order issued by the Income Tax Department

Posted in Income Tax | 1 comments | 786 Views

ICAI vs NFRA: Clash Over Proposed Overhaul of Key Audit Standard SA 600

05 September 2024 at 09:10

The Institute of Chartered Accountants of India (ICAI) is in a standoff with the National Financial Reporting Authority (NFRA) over a proposed revamp of the auditing standard SA 600, which deals with the "Use of the Work of Another Auditor."

Posted in Audit | 4044 Views

GST Council to Discuss Online Gaming Taxation and Fake GST Registrations in 54th Meeting

05 September 2024 at 09:09

The upcoming 54th GST Council meeting on September 9, 2024, will focus on key issues such as the taxation of online gaming, ongoing efforts against fake GST registrations, and amendments under the Finance Act, 2024.

Posted in GST | 1137 Views

Unemployed Man Duped in Rs 250 Crore GST Fraud After Falling for Job Scam

04 September 2024 at 09:08

IntroductionAshwani Kumar, a young man from Barsu village in Muzaffarnagar, Uttar Pradesh, was struggling to find employment when he received what seemed to be a lifeline - a job offer through a WhatsApp call.

Posted in GST | 2568 Views