CAclubindia News

CBDT issues Revised Guidelines for Compounding Offences under IT Act 1961

18 October 2024 at 09:12

CBDT has issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961(the 'Act') on 17.10.2024.

Posted in Income Tax | 1794 Views

CBDT releases Updated Time Series data upto FY 2023-24

18 October 2024 at 09:11

The Central Board of Direct Taxes (CBDT) has released updated Time-Series data up to FY 2023-24.

Posted in Income Tax | 951 Views

GST Fraud Crackdown: Commissioner Unveils New Tactics, Biometric Tech to Catch Masterminds

18 October 2024 at 09:10

Since the introduction of the Goods and Services Tax (GST) in 2017, a sophisticated scam has flourished, exploiting systemic loopholes and siphoning thousands of crores from the exchequer each year.

Posted in GST | 1089 Views

Finance Ministry Amends GST Recruitment Rules 2024: OBC Inclusion & Qualification Relaxation

18 October 2024 at 09:09

Ministry of Finance has issued Notification No. 109 (F. No. A-50050/2/2024-Ad.I) dated October 16, 2024, amending the Goods and Services Tax (GST) Council Secretariat, Group ‘A’ Executive Posts Recruitment Rules, 2018

Posted in GST | 3096 Views

GSTN Releases Additional FAQs on IMS

18 October 2024 at 09:09

Invoice Management System (IMS) is now available to taxpayers. This new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC).

Posted in GST | 891 Views

CBDT Amends IT Rules for Easier TCS/TDS Credit Claims by Salaried Employees and Parents of Minors

17 October 2024 at 16:38

CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents

Posted in Income Tax | 2115 Views

GSTN to Implement Hard Locking of Auto-Populated GSTR-3B Values by January 2025

17 October 2024 at 15:05

In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously improved the GST return filing process and in this endeavor the GST Portal now provides a pre-filled GSTR-3B form

Posted in GST | 2412 Views

CBDT Unveils Form 12BAA and Revised TDS/TCS Guidelines

17 October 2024 at 09:03

The Central Board of Direct Taxes (CBDT) has issued Notification No. 112/2024 on October 15, 2024, introducing significant modifications to the Income-tax (Eighth Amendment) Rules, 2024.

Posted in Income Tax | 4260 Views

CBDT Notifies Key Changes to Forms 10A and 10AB

17 October 2024 at 09:00

The Central Board of Direct Taxes (CBDT) has announced significant amendments to the Income-tax Rules through Notification No. 111/2024, dated October 15, 2024.

Posted in Income Tax | 2049 Views

ITC Reversals Under Rule 37A in September GSTR-2B Due to Non-Filing of GSTR-3B by Vendors

17 October 2024 at 08:56

Taxpayers are now seeing reversals required under Rule 37A reflected in their September GSTR-2B, showing the Input Tax Credit (ITC) that must be reversed due to the non-filing of GSTR-3B by suppliers for FY 2023-24.

Posted in GST | 11154 Views