CAclubindia News

Hindustan Unilever Hit with Rs 962.75 Crore Tax Notice Over Rs 3K Crore GSK Deal

29 August 2024 at 09:15

Recently, one of the FMCG company giants of India, Hindustan Unilever Limited or HUL disclosed that they received a hefty tax demand, amounting to Rs 962.75 crore, including Rs 329. 33 crore in interest.

Posted in Income Tax | 621 Views

GST Department Slaps Yes Bank with Rs 24 Lakh Penalty

29 August 2024 at 09:14

The Yes Bank has been penalized by the Goods and Services Tax (GST) Department, Maharashtra that raised demand for disallowance of input tax credit (ITC) along with interest and also demand for penalty of Rs. 24,92,978/-.

Posted in GST | 3858 Views

ICICI Prudential Receives Rs 429 Crore GST Demand Notice for FY 2020

29 August 2024 at 09:13

Maharashtra Deputy Commissioner of State Tax has issued a GST demand notice of Rs 429 crore to ICICI Prudential on Tuesday disclosed the company on the stock exchange on Wednesday.

Posted in GST | 981 Views

SIT on black money to submit interim report to Supreme Court within 15 days

29 August 2024 at 09:11

The Supreme Court constituted Special Investigation Team (SIT) on black money will present the ninth interim report to the Supreme Court within 15 days, said the vice-chairman of the SIT, Justice retired Arijit Pasayat here on Monday.

Posted in Income Tax | 1 comments | 2094 Views

FM Sitharaman Clarifies: No NPS Rollback, UPS Aims to Improve It

28 August 2024 at 17:41

In a media briefing session held a few days ago, Union Finance Minister Nirmala Sitharaman shed more light on the newly rolled-out Unified Pension Scheme (UPS) to state that, the exercise of the scheme is in fact an optional one.

Posted in Income Tax | 2151 Views

GST Council to Review Rate Rationalization on 9th September, Final Decision Pending: FM Sitharaman

28 August 2024 at 14:48

A detailed rate rationalization proposal will be discussed at the September 9 Council meeting, with further deliberations anticipated by the end of September.

Posted in GST | 1 comments | 537 Views

Fake CA Defrauds Businessman of Rs 1.3 Crore in GST Scam

28 August 2024 at 09:00

Aftab Memon, a man impersonating a Chartered Accountant, was arrested on Friday for defrauding a South Mumbai businessman of Rs 1.3 crore.

Posted in GST | 7251 Views

Trade Bodies Urge GST Act and Rule Simplification Ahead of GST Council Meeting

28 August 2024 at 08:59

The Agro Food Chamber of Commerce and Industry has called for an urgent simplification of the Goods and Services Tax (GST) Act and rules, highlighting the need to prioritize this issue in the upcoming GST Council meeting.

Posted in GST | 2 comments | 3285 Views

ICAI Announces Relaxation for Certain CA Final Nov 2024 Candidates in Self-Paced Online Modules - Set C & Set D

28 August 2024 at 08:59

Relaxation to certain categories of candidates in connection with November 2024 CA Final Exam from appearing in Self Paced Online Module Set C & Set D

Posted in Students | 8550 Views