CAclubindia News

Income Tax Department Issues Clarification Regarding India-Mauritius Tax Treaty

13 April 2024 at 07:33

The Income Tax Department recently issued a clarification regarding concerns about the amendment to the India-Mauritius Double Taxation Avoidance Agreement (DTAA) on April 12, 2024.

Posted in Income Tax | 2349 Views

Kerala GST Department Guidelines: Issuance of orders u/s 107 and 108 of SGST/CGST/IGST Act

13 April 2024 at 07:31

The Kerala GST Department has issued a new circular, Circular No: 05/2024 dated April 06, 2024, providing guidelines on the issuance of orders under section 107 and 108 of SGST/CGST/IGST Act related to the numbering of appellate and revisional orders.

Posted in GST | 756 Views

Delhi businessman arrested in GST Fraud Case, Claimed ITC through 35 fake companies

13 April 2024 at 07:30

On Wednesday, the Sector 20 police arrested Tushar Gupta, a multimillionaire and resident of Tilak Nagar in Delhi, who runs a packaging factory in north-west Delhi.

Posted in GST | 1440 Views

ICICI Prudential Faces Rs 20.50 Crore GST Demand for FY 2019

12 April 2024 at 08:49

ICICI Prudential Life Insurance Company Ltd (ICICI Pru) disclosed on Tuesday, April 9, 2024, that it has been served with a Goods and Services Tax (GST) demand order amounting to Rs 20.50 crore for the financial year 2018-19.

Posted in GST | 1 comments | 2079 Views

GSTR-1 Filing Due Date Extended till 12th April 2024

12 April 2024 at 08:48

GSTN has recommended to CBIC that the due date for filing of GSTR-1 for the monthly taxpayers be extended by a day ie till 12/4/24.

Posted in GST | 5088 Views

Expert Panel For Addressing Queries Related To Statutory Audit Pertaining To Auditing Aspects

11 April 2024 at 14:09

ICAI being the world's largest accounting body and regulator and developer of accountancy profession in India has always partnered in Nation Building and provided services for economic development of the country.

Posted in Audit | 567 Views

Fake GST Bills Worth Rs 13 Crore Generated Using Trader's ID

11 April 2024 at 09:05

In a startling revelation, it has come to light that two individuals allegedly exploited the GST registration ID and password of a scrap trader to fabricate invoices amounting to a staggering Rs 12.77 crore.

Posted in GST | 615 Views

CBIC Extends Deadline for New Manufacturing Procedure Implementation to 15th May 2024

11 April 2024 at 09:04

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 08/2024, extending the timeline for the implementation of Notification No. 04/2024.

Posted in GST | 747 Views

Income Tax Department Sets April 30 Deadline for Pending Refunds Approval

10 April 2024 at 08:59

In a significant relief for taxpayers awaiting their income tax refunds, the Income Tax Department has announced a deadline of April 30 for the approval of pending refunds.

Posted in Income Tax | 5967 Views

CBDT Directs Officers to Identify Top 30 TDS Shortfall Cases by 30th June

10 April 2024 at 08:58

In a recent directive from the Central Board of Direct Taxes (CBDT), income tax officers have been mandated to scrutinize the top 30 cases of short payment concerning tax deducted at source (TDS).

Posted in Income Tax | 1 comments | 5211 Views