CAclubindia News

ICAI Announces July 2024 Convocation to Honor New Members and Rank Holders

12 June 2024 at 08:56

Get ready for the ICAI Convocation in July 2024! Members enrolled between November 2023 and June 2024, and CA Final Exam rank holders from November 2023 will receive their certificates. Check dates and cities for the event.

Posted in Students | 7779 Views

Excel Utility of ITR-5 for AY 2024-25 is now available for filing

11 June 2024 at 08:58

The Income Tax Department has released the Excel Utility for ITR-5 for the Assessment Year (AY) 2024-25, streamlining the tax filing process for entities required to submit this form.

Posted in Income Tax | 453 Views

Nirmala Sitharaman Reappointed as Finance Minister in Modi's Third Cabinet

11 June 2024 at 08:58

In a significant move, Prime Minister Narendra Modi's government has reappointed Nirmala Sitharaman as the Finance Minister. The official announcement came on June 10, a day after the ministers took the oath alongside Modi.

Posted in Others | 2664 Views

Centre releases Rs 1.39 lakh crore installment of Tax Devolution to States

11 June 2024 at 08:57

It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This release cumulatively amounts to Rs. 1,39,750 crore in the current month

Posted in Income Tax | 300 Views

IDBI Bank Receives Rs 2702 Crore Income Tax Refund for AY 2016-17

10 June 2024 at 08:59

Private sector lender IDBI Bank Ltd announced on Friday, June 7, that it has received an income tax refund order amounting to ₹2,701.62 crore for the assessment year 2016-17.

Posted in Income Tax | 441 Views

DGGI Arrests Man for Rs 37.2 Crore Fake ITC Fraud

10 June 2024 at 08:57

Officials from the Directorate General of GST Intelligence (DGGI), Coimbatore, have arrested an individual for availing of fake input tax credit amounting to ₹37.2 crore and passing on fake input tax credit worth ₹65.42 crore.

Posted in GST | 717 Views

DGGI Investigates Airlines Retaining Taxes from No-Show Passengers

10 June 2024 at 08:57

In a recent move, the Directorate General of Goods and Services Tax Intelligence (DGGI) has launched investigations into airlines retaining taxes collected from customers in no-show scenarios

Posted in GST | 471 Views

Central Excise Bill, 2024 Expected to be Introduced in Upcoming Budget Session

10 June 2024 at 08:54

The Centre is set to introduce the Central Excise Bill, 2024, during the upcoming budget session, aiming to replace the long-standing Central Excise Act, 1944

Posted in Excise | 2148 Views

GST SRM-II Form Release: Key Filing Information for Pan Masala and Tobacco Manufacturers

08 June 2024 at 09:12

Filing of information by manufacturers of Pan Masala and Tobacco taxpayersPlease refer to the notification Notification No. 04/2024 - Central Tax dated 05-01-2024 to seek information from taxpayers dealing in the goods mentioned therein. Two forms ha

Posted in GST | 2295 Views

Famous Ice-Cream Brands from Surat Under SGST Scanner for Cash Transactions

08 June 2024 at 09:09

The State Goods and Service Tax (SGST) department in Surat has delved into the financial dealings of renowned ice-cream brands, including Bismillah and 51-Rainbow, unearthing serious irregularities.

Posted in GST | 3915 Views