CAclubindia News

Aerated Beverage Industry Opposes GST Hike, Cites Growth Challenges

07 December 2024 at 09:06

The Indian Beverage Association (IBA) has raised concerns over the current 40% GST levied on aerated beverages, calling it a significant bottleneck for the industry's growth.

Posted in GST | 1506 Views

Apparel Industry Opposes Proposed GST Hike by GoM, Warns of Growth Setbacks

07 December 2024 at 08:59

As the GST Council prepares to deliberate on recommendations from the Group of Ministers (GoM) on rate rationalization, the proposed hike in GST rates on readymade garments has stirred significant apprehension within the apparel industry.

Posted in GST | 1902 Views

61 Kg Silver Seized in Jharkhand, GST Evasion Probe Underway

07 December 2024 at 08:59

The Government Railway Police (GRP) in Rourkela has seized approximately 61 kilograms of silver from a Jharkhand man, triggering a State GST inquiry into potential tax evasion.

Posted in GST | 417 Views

Rajkot Businessman Arrested for Alleged Rs 186 Crore GST Scam

07 December 2024 at 08:58

The Goods and Services Tax (GST) department has arrested Pragnesh Kantaria, the alleged mastermind behind a massive ₹186 crore GST scam.

Posted in GST | 1158 Views

RBI Cuts CRR to 4%, Maintains Repo Rate, Lowers FY25 GDP Growth Forecast to 6.6%

06 December 2024 at 12:39

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 390 Views

ED, CBI Bust Rs 640 Crore Cyber Fraud, Arrest CAs and Crypto Trader

06 December 2024 at 10:58

In a significant operation against financial frauds, the ED and the CBI have uncovered a massive Rs 640-crore cyber scam targeting individuals through fake job offers, phishing, and illegal betting activities.

Posted in Professional Resource | 2343 Views

RBI Directs Banks to Streamline Handling of Inoperative Accounts and Unclaimed Deposits

06 December 2024 at 09:15

The Reserve Bank of India (RBI) has issued a circular emphasizing the need for commercial banks (excluding Regional Rural Banks) to address the growing number of inoperative accounts and unclaimed deposits.

Posted in Others | 1677 Views

Revenue Secretary Highlights AI, ML Integration to Combat Smuggling

06 December 2024 at 09:15

Revenue Secretary urges DRI to embrace and integrate cutting-edge technologies such as Machine Learning (ML) and Artificial Intelligence (AI) in its operations to enhance detection and enforcement capabilities

Posted in Others | 261 Views

October Sees Decline in Corporation and Personal Income Tax Collections

06 December 2024 at 09:15

October, traditionally associated with a surge in economic activity due to the festive season, witnessed a surprising decline in direct tax collections.

Posted in Income Tax | 1353 Views

CBIC Amends Circular on Adjudication of DGGI Cases Under GST

05 December 2024 at 09:09

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 239/33/2024-GST, dated December 4, 2024, revising key provisions regarding the adjudication of show cause notices issued by officers of the DGGI.

Posted in GST | 1920 Views