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ICAI Extends MEF 2023-24 Submission Deadline to 21st Oct

   05 October 2023 at 11:40

Considering the requests received from the members for an extension of the last date for submitting the MEF due to tax audit period and subsequent public holidays, it has been decided to extend the last date for submitting the Form to 21st October 2023.

Posted in Professional Resource |   8223 Views


RBI appoints Shri Muneesh Kapur as new Executive Director

   05 October 2023 at 08:44

The Reserve Bank of India (RBI) has appointed Shri Muneesh Kapur as Executive Director (ED) with effect from October 3, 2023.

Posted in Others |   4743 Views


GST Council Mulls Lowering GST Rate for Visually Impaired on Vehicles

   05 October 2023 at 08:42

In an upcoming meeting scheduled for October 7, the Goods and Services Tax (GST) Council is set to deliberate on the possibility of reducing the existing 28 percent GST rate on motor vehicles purchased by visually impaired individuals.

Posted in GST |   4437 Views


Indian Companies Grapple with GST Notices Over Overseas Deputed Staff Salaries

   05 October 2023 at 08:41

In a recent turn of events, several Indian companies have found themselves entangled in a web of GST demand notices, particularly concerning cases where overseas employees have been deputed to work in India.

Posted in GST |   6273 Views


DGGI Mumbai Zone Issues Massive GST Notices to Dream11 and Play Games 24/7

   05 October 2023 at 08:40

In a startling development, the Directorate General of Goods and Services Tax Intelligence (DGGI) Mumbai Zone has reportedly issued a hefty notice amounting to a staggering Rs 28,000 crore to the prominent online gaming company, Dream11.

Posted in GST |   7809 Views


Bajaj Allianz Faces Rs 1,010 Crore GST Demand Notice for Premiums

   04 October 2023 at 09:00

Bajaj Allianz General Insurance Company Limited, a prominent player in the insurance sector, has been served with a substantial Goods and Services Tax (GST) demand notice amounting to ₹1,010 crore

Posted in GST |   15639 Views


Meesho Welcomes Non-GST Sellers to Reshape E-commerce

   04 October 2023 at 08:58

In a game-changing move, Meesho, the E-commerce unicorn, has officially thrown open its platform to sellers without a Goods and Services Tax (GST) registration, effective from October 1, 2023.

Posted in GST |   11178 Views


Income Tax Department Imposes Rs 84 Crore Penalty on LIC, Corporation to Appeal

   04 October 2023 at 08:54

In a significant development, the Income Tax Department has levied a substantial penalty of Rs 84 crore on the Life Insurance Corporation (LIC) relating to three assessment years.

Posted in Income Tax |   27972 Views


GST e-Invoice Portal Rolls Out JSON Download Functionality

   03 October 2023 at 15:46

Advisory: e-Invoice JSON download functionality Live on the GST e-Invoice Portal

Posted in GST |   5949 Views


GSTN Introduces Form DRC-01C to Address ITC Mismatches in GSTR-2B and GSTR-3B

   03 October 2023 at 08:46

GSTN has enabled Form DRC-01C to deal with ITC mismatches between GSTR 2B and GSTR 3B

Posted in GST  1 comments |   28800 Views



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