CAclubindia News
CBDT Issues Key Income Tax Exemptions for Credit Guarantee Entities and IFSC Units
04 January 2025 at 08:57The Central Board of Direct Taxes (CBDT) has issued three significant notifications under the Income-tax Act, 1961, aimed at tax relief and compliance facilitation, effective from January 1, 2025.
Online Popcorn and Movie Ticket Combo May Attract 12-18% GST
03 January 2025 at 09:03Consuming popcorn at a movie theatre could soon cost you more, depending on how it is served and bundled with movie tickets.
Income Tax Department to Update ITR Forms for Section 87A Tax Rebate Claims for FY 2023-24
03 January 2025 at 09:02The Income Tax Department has announced a major relief for resident individuals eligible to claim the Section 87A tax rebate for FY 2023-24 but were unable to do so earlier.
RBI Rs 2000 Note Withdrawal Update: 98.12% Returned as Circulation Drops Sharply
03 January 2025 at 08:52Explore the decline in ₹2000 banknotes in circulation, from ₹3.56 lakh crore on May 19, 2023, to ₹6,691 crore by December 31, 2024, with 98.12% of the notes returned following the withdrawal announcement
Commercial Taxes Department Introduces Biometric Face Authentication for GST Registration
03 January 2025 at 08:52The Andhra Pradesh Commercial Taxes Department, in collaboration with the Goods and Services Tax Network (GSTN), has launched an innovative Biometric Face Authentication feature for GST registration.
MCA Extends Timeline for Filing CSR Reports to 31st March 2025
03 January 2025 at 08:52The Ministry of Corporate Affairs (MCA) has issued a notification dated December 31, 2024, extending the timeline for compliance with certain provisions under the Companies (Accounts) Rules, 2014.
GSTN Releases Advisory to Taxpayers on Extension of E-Way Bills Expired on 31st Dec 2024
02 January 2025 at 16:22It is hereby informed that the technical challenges encountered in the e-way bill generation process have been resolved, and the portal is now functioning smoothly
GST Collection Rises 7.3% YoY, Hits Rs 1.77 Lakh Crore in December 2024
02 January 2025 at 15:24India's gross GST revenue for December 2024 reached Rs 1,76,857 crore, marking a 7.3% increase compared to December 2023's Rs 1,64,882 crore.
CBIC Issues Clarifications on GST Treatment of Vouchers
02 January 2025 at 09:12The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 243/37/2024-GST, dated December 31, 2024, to provide clarity on several issues related to the Goods and Services Tax (GST) treatment of vouchers.
CBIC Issues Clarification on ITC for E-Commerce Operators u/s 9(5) of the CGST Act
02 January 2025 at 09:09In a significant update for e-commerce operators, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 240/34/2024-GST, dated December 31, 2024.
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CA Deepak Gupta26 April 2025
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