CAclubindia News

CBIC: No Recovery Actions Allowed Within Three Months of Tax Notice

05 June 2024 at 08:56

In an important directive aimed at refining tax recovery procedures, the Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions to its field formations regarding the recovery of tax demands from businesses.

Posted in GST | 5178 Views

CBIC Invites Suggestions On Draft Central Excise Bill, 2024

05 June 2024 at 08:55

The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, invites suggestions on the draft 'Central Excise Bill, 2024' from stakeholders by 26th June 2024.

Posted in Excise | 186 Views

ICAI Imposes 5-Year Ban on Candidates for Mobile Phone Use in CA Exams

04 June 2024 at 10:47

Stringent Action against candidates for adopting Unfair Means during CA Examination

Posted in Students | 7692 Views

ICAI Launches Self-Paced Module Test (SPMT) Portal

04 June 2024 at 10:46

ICAI has launched Self-Paced Module Test (SPMT) Portal for the candidates who have completed prescribed learning hours for respective Self-Paced Online Module A and Module B

Posted in Students | 8514 Views

Larsen & Toubro Ltd Faces Rs 4.68 Crore Penalty by Income Tax Department

04 June 2024 at 08:50

In a significant development, the Income Tax Department has levied a penalty of Rs 4,68,91,352 on Larsen & Toubro Ltd (L&T), as revealed in a recent regulatory filing. This penalty stems from tax proceedings related to the now-merged L&T

Posted in Income Tax | 444 Views

CBIC Chairman Launches GSTN Back Office Application for CBIC officers

04 June 2024 at 08:49

In a significant milestone in the digital transformation of CBIC, Sh. Sanjay Kumar Agarwal, Chairman CBIC launched the GSTN Back Office application for CBIC officers which will bring scale, speed and uniformity in the indirect tax administration.

Posted in GST | 477 Views

GSTN Adds Personal Hearing Option for GST DRC-01 Responses on Portal

03 June 2024 at 09:01

The Goods and Services Tax Network (GSTN) has enabled a new feature on the GST Portal. Taxpayers can now actively choose 'Yes' or 'No' for a personal hearing while responding to the GST DRC-01 notice.

Posted in GST | 1 comments | 3558 Views

GST Revenue in May 2024 Hits Rs 1.73 Lakh Crore, Marks 10% YoY Growth

03 June 2024 at 09:01

Gross GST revenue collection in May 2024 stands at Rs 1.73 lakh crore; Records 10% y-o-y growth

Posted in GST | 273 Views

Income Tax Department Records Massive Seizure of Rs 1100 Crore During Lok Sabha Elections 2024

01 June 2024 at 09:04

Income Tax Department has achieved a remarkable feat by seizing a staggering amount of Rs 1100 crore in cash and jewellery during the ongoing Lok Sabha elections, marking a remarkable 182% increase compared to the 2019 elections.

Posted in Income Tax | 3222 Views