CAclubindia News
GST Council May Grant Tax Relief on Health and Term Insurance for Senior Citizens in Dec 2024 Meeting
14 November 2024 at 06:41The upcoming GST Council meeting in Rajasthan on December 21-22, 2024, may bring potential tax relief for insurance policyholders.
CBDT Grants Tax Exemption to Petroleum and Natural Gas Regulatory Board Effective from AY 2024-25
14 November 2024 at 06:41On November 12, 2024, the Central Board of Direct Taxes (CBDT) issued a notification granting tax-exempt status to the Petroleum and Natural Gas Regulatory Board (PNGRB) under section 10(46A)(b) of the Income-tax Act, 1961.
GSTN Issues Advisory on IMS on Supplier View
14 November 2024 at 06:41Invoice Management System (IMS) has been made available on the GST Portal from 14th October, 2024 wherein the recipient taxpayer can accept, reject or keep the invoices pending which are saved/filed by their suppliers in their respective GSTR-1/1A/IFF.
ICAI Announces Mock Test Series for CA Intermediate January 2025 Exams
14 November 2024 at 06:41In preparation for the January 2025 CA Intermediate Examinations, the Institute of Chartered Accountants of India (ICAI) Board of Studies has announced two rounds of mock test papers, scheduled to begin on November 18, 2024.
NFRA Recommends Comprehensive New Audit Framework for India by April 2026
13 November 2024 at 09:34NFRA recommends revision of the Standard quality control (SCQ1) and Standard quality management (SQM1 and SQM2), on the lines of the global Standards
India's Online Gaming Market Surges by 23% in FY24 Amidst GST Hike
13 November 2024 at 06:56India's gaming market surged by 23% year-on-year, reaching $3.8 billion in revenue in FY 2023-24, even as the sector faces a 28% GST on online gaming, recent reports reveal.
New IMS on GST Portal Aims to Curb ITC Discrepancy Notices and Reduce Litigation
13 November 2024 at 06:54The Goods and Services Tax (GST) portal's recently launched Invoice Management System (IMS) is set to significantly decrease the number of notices issued over Input Tax Credit (ITC) discrepancies
GSTN Issues Advisory regarding IMS during initial phase of its implementation
13 November 2024 at 06:52Invoice Management System (IMS) is an optional facility introduced from October 2024 on GST Portal, on which the invoices/records saved/furnished by the supplier in GSTR-1/1A/IFF
Govt Targets Rs 1.54 Lakh Crore Credit Growth for MSMEs in FY25
13 November 2024 at 06:36In a major boost to the Micro, Small, and Medium Enterprises (MSME) sector, the government has outlined ambitious credit growth targets, mandating scheduled commercial banks and Non-Banking Financial Companies (NBFCs) to extend additional credit of R
Income Tax Department Cracks Down on Bogus Refund Claims, Sends Notices to Taxpayers
13 November 2024 at 06:36The Income Tax Department has intensified scrutiny on dubious tax refund claims for the assessment years 2021-22 and 2022-23, issuing notices to multiple taxpayers across the country.
Popular News
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- ICAI Urges MCA to Reconsider NFRA's Audit Standard Amendments
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