CAclubindia News
ICAI Announces Revised Criteria for Classification of Non-Company Entities for Applicability of Accounting Standards
08 November 2024 at 12:39The Council, at its 433rd meeting, held on August 13-15, 2024, considered the revised criteria for classification of Non-company entities for applicability of Accounting Standards issued by The Institute of Chartered Accountants of India (ICAI)
NFRA Board to Address Major Audit Standard Revisions Amid Tensions with ICAI
08 November 2024 at 06:51NFRA Board to Address Major Audit Standard Revisions Amid Tensions with ICAI
GSTN Issues Advisory related to Other Territory Applications
08 November 2024 at 06:42As per Notification No. 2/2017-Central Tax dated 19th June, 2017 read with Trade Notice No. 01/2017-Central Tax dated 21st June, 2017 issued by Office of the Chief Commissioner of Central Excise, Mumbai Zone I and GST Trade Notice No. 002/2017
RBI Reports 98% of Rs 2000 Banknotes Returned Post Withdrawal Announcement
08 November 2024 at 06:3998.04% of the Rs 2000 banknotes in circulation as on May 19, 2023, has been returned.
Truecaller India Offices Face Income Tax Raids Amid Ongoing Compliance Checks
08 November 2024 at 06:39In a recent development, Truecaller, the Stockholm-based caller identification and spam-blocking app, confirmed that it is cooperating with Indian income tax authorities following raids on its offices in Noida, Mumbai and Bengaluru.
CBIC Mandates 1-Year Deadline for Customs Fraud Inquiries
07 November 2024 at 06:44In a significant move aimed at enhancing the ease of doing business, the CBIC has issued a directive to customs field formations, emphasizing transparency and efficiency in conducting investigations related to export and import fraud
December GST Council Meeting to Address Rate Cuts on Life and Health Insurance Premiums
07 November 2024 at 06:44With the end of the year approaching, the GST Council may soon bring significant relief to policyholders of life and health insurance.
CBDT Considers Revamp of Income Tax Department Designations to Enhance Clarity and Transparency
07 November 2024 at 06:44CBDT is reportedly exploring a restructuring of designations within the Income Tax Department. This initiative aims to make roles more understandable for the public and create a transparent image of the department, aligning titles with responsibilities.
Tax Officers Uncover 18,000 Fake GST Firms, Detect Rs 25,000 Crore Tax Evasion
07 November 2024 at 06:44In a major success for tax authorities, GST officers have unearthed around 18,000 fake companies involved in a large-scale tax evasion scheme, totalling approximately ₹25,000 crore.
CBIC Mandates Virtual Hearings for GST, Customs, Excise and Service Tax Appeals
06 November 2024 at 07:13CBIC Judicial Cell, through its Instruction No. F. No. 390/Misc/3/2019-JC dated November 5, 2024, has released comprehensive guidelines for the conduct of personal hearings under various tax laws
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