CAclubindia News

Supreme Court Permits Transfer of 27 GST Cases, GamesKraft & EGF Hearings Set for 1st May

06 April 2024 at 09:04

The Supreme Court bench headed by CJI and comprising of Justice JB Pardiwala and Manoj Misra summarily allowed the government’s transfer petition of 27 writ petitions in 9 different High Courts

Posted in GST | 2166 Views

RBI Keeps Repo Rate Unchanged At 6.5%

06 April 2024 at 09:03

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 354 Views

Kanpur Man Arrested for Posing as Income Tax Officer to Hide Unemployment

05 April 2024 at 14:33

A 24-year-old man from Nai Basti, identified as Ritesh Sharma, found himself in police custody on Wednesday for allegedly posing as an Income Tax officer.

Posted in Income Tax | 2667 Views

Gujarat's GST Department Sees 43% Drop in GSTIN Applications

05 April 2024 at 09:04

Gujarat's GST department has observed a substantial 43% decline in the monthly average of GSTIN (Goods and Services Tax Identification Number) applications since November 2023.

Posted in GST | 2517 Views

CBDT Enables Functionalities to File ITRs for AY 2024-25 w.e.f 1st April 2024

05 April 2024 at 09:01

The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards.

Posted in Income Tax | 1 comments | 4131 Views

Vedanta Faces Rs 1.86 Crore GST Demand Notices Over Ineligible ITC

04 April 2024 at 09:00

Mining giant Vedanta Ltd finds itself entangled in a GST dispute, with the tax authority demanding Rs 1.86 crore over 'ineligible' input tax credit. The company intends to challenge the orders, expressing optimism for a favorable resolution.

Posted in GST | 2586 Views

New e-Invoicing Mandate for Turnover Exceeding INR 5 Crores w.e.f 1st April 2024

04 April 2024 at 08:58

If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards

Posted in GST | 8658 Views

Infosys Faces Rs 341 Crore Tax Demand for AY 2020-21

03 April 2024 at 09:03

Infosys, the renowned IT services company, disclosed receiving a substantial tax demand from the Income Tax Department, amounting to Rs 341 crore for the assessment year 2020-21.

Posted in Income Tax | 3405 Views

CBDT Sets 30-Day Verification Deadline for Income Tax Returns from 1st April 2024

03 April 2024 at 09:02

CBDT has issued a significant notification, No. 2 of 2024, dated March 31, 2024, pertaining to the time limit for verifying income tax returns after uploading. ..

Posted in Income Tax | 6876 Views

Income Tax Department Unearths Massive PAN Misuse in Fake HRA Claims

02 April 2024 at 09:13

The Income tax department has uncovered a sophisticated scam involving the fraudulent exploitation of PAN to claim HRA without actual tenancy.

Posted in Income Tax | 11562 Views