CAclubindia News

New ITR E-Filing Portal 3.0 to Launch Soon: IT Dept Invites Suggestions

17 October 2024 at 08:55

The Income Tax Department is gearing up to introduce a new and improved e-filing portal, as part of Project IEC 3.0, to replace the current platform (IEC 2.0). ..

Posted in Income Tax | 2076 Views

CBDT Frees 1 Lakh Sq. Ft, Earns Revenue from Scrap in Special Campaign 4.0 Cleanliness Drive

17 October 2024 at 08:54

The Central Board of Direct Taxes (CBDT), in collaboration with the field units of the Income Tax Department, is actively implementing Special Campaign 4.0

Posted in Income Tax | 369 Views

CBIC Issues Clarification on Implementation of Section 16(5) & 16(6) of CGST Act 2017

16 October 2024 at 09:11

The Central Board of Indirect Taxes and Customs (CBIC) has issued a significant clarification concerning the implementation of sub-section (5) and sub-section (6) of Section 16 of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 1 comments | 4053 Views

CBIC Issues Clarification of various doubts related to Section 128A of the CGST Act 2017

16 October 2024 at 09:06

The Central Board of Indirect Taxes and Customs (CBIC) has issued an important clarification regarding various doubts related to Section 128A of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 1 comments | 2529 Views

New 'GSTN e-Services' App Launches on Play Store to Simplify GST Transaction Tracking for Traders and Businesses

16 October 2024 at 09:05

The Goods and Services Tax Network (GSTN) has introduced a new 'GSTN e-Services' app, now available on the Play Store, aimed at simplifying tax compliance for traders, businesspersons, and merchants.

Posted in GST | 2025 Views

Income Tax Department to Verify 'High-Risk' Refund Claims for AY 2024-25 Using SOP

16 October 2024 at 09:05

The Income Tax Department will implement a systematic process to verify 'high-risk' refund claims filed for the assessment year (AY) 2024-25, which corresponds to the financial year ending March 31, 2024.

Posted in Income Tax | 3969 Views

Carmakers Face Rs 10,000 Crore GST Compensation Cess Notices for Utility Vehicles

16 October 2024 at 09:04

Several top automakers, including Mahindra, Tata Motors, Hyundai, and Maruti, have received tax notices for unpaid compensation cess on utility vehicles sold prior to 2022.

Posted in GST | 567 Views

DGGI Nears Completion of Pre-GST Tax Evasion Probes, to Disband Dedicated Unit Soon

16 October 2024 at 09:03

The Directorate General of GST Intelligence (DGGI) is set to wrap up its investigations into pre-GST tax evasion cases, which predominantly pertain to service tax and central excise.

Posted in GST | 432 Views

CBIC Urges App-Based Ride-Hailing Firms to Clarify GST Applicability on Booked Rides

16 October 2024 at 09:03

The Central Board of Indirect Taxes & Customs (CBIC) has given app-based ride-hailing companies one week to submit their written views regarding the applicability of GST on rides booked through their platforms.

Posted in GST | 480 Views

CBDT issues FAQs on Direct Tax Vivad Se Vishwas Scheme 2024 to provide clarity

16 October 2024 at 09:02

In order to facilitate the various queries raised by the stakeholders following the enactment of the DTVSV Scheme, 2024, the CBDT has today issued a Guidance Note in the form of Frequently Asked Questions (FAQs).

Posted in Income Tax | 3516 Views