CAclubindia News

GST Authorities to Pursue Fake ITC Investigations on 1.25 Lakh Entities Until December

16 September 2023 at 10:27

The Goods and Services Tax (GST) authorities in India are conducting follow-up investigations on more than 1.25 lakh entities until December in an effort to curb revenue leakages.

Posted in GST | 6234 Views

Income Tax Department Unveils Suite of Tax Tools to Aid Taxpayers

16 September 2023 at 10:26

The Income Tax Department has released a number of tax tools for taxpayers to help them with their tax planning and compliance. These tools can be used to calculate tax liability, estimate advance tax payments and generate income tax returns.

Posted in Income Tax | 13164 Views

GST Uncertainty Hits Banking Sector's Brand Use

16 September 2023 at 10:24

The issue of the applicability of Goods and Services Tax (GST) on the use of a common brand name by all branches and subsidiaries of a bank has created uncertainty in the banking sector.

Posted in GST | 6213 Views

Colonel Manpreet Singh: A Heroic Journey from Chartered Accountancy to the Army

15 September 2023 at 12:05

Colonel Manpreet Singh was born in a village in Punjab, India. He was a bright student and excelled in his studies. He got a degree in Chartered Accountancy and worked as a chartered accountant for a few years.

Posted in Students | 117690 Views

MCA Extends Company Law Committee's Tenure Until September 2024

15 September 2023 at 08:52

The Ministry of Corporate Affairs (MCA) has extended the tenure of the Company Law Committee (CLC) by another one year till September 16, 2024.

Posted in Corporate Law | 6684 Views

Income Tax Department issues Advisory on Bank Account Validation Status for Refunds

15 September 2023 at 08:51

Income Tax Department issued an advisory on September 13, 2023, regarding the validation status of bank account numbers for refunds.

Posted in Income Tax | 19728 Views

40 online gaming companies likely to receive GST evasion notices

15 September 2023 at 08:50

About 40 online gaming companies, including Gameskraft Technology Private Limited (GTPL), are under investigation for alleged tax evasion.

Posted in GST | 3963 Views

State Benches of GST Appellate Tribunal Officially Notified

15 September 2023 at 08:49

Central Government has notified the State Benches of the GST Appellate Tribunal (GSTAT) on September 14, 2023. The notification was published in the Gazette of India.

Posted in GST | 10743 Views

Income Tax Department Conducts Raids on Azam Khan's Trusts and Properties

14 September 2023 at 14:06

The Income-tax department carried out raids at more than 30 premises in Uttar Pradesh and Madhya Pradesh. These raids are part of a tax evasion investigation involving Samajwadi Party leader Azam Khan and individuals associated with him.

Posted in Income Tax | 3357 Views

CBDT Grants Sec 47(viiab) Exemption to Investment Trust Units and IFSC ETFs

14 September 2023 at 08:53

The CBDT (Central Board of Direct Taxes) has amended the notification No. 16/2020 dated 05-03-2020 to enhance the scope of section 47(viiab) exemption.

Posted in Income Tax | 3285 Views