CAclubindia News
Daily Wage Worker Gets Rs 22.86 Lakh GST Demand Notice
15 March 2025 at 08:22In a shocking turn of events, a daily wage laborer in Kothagudem has received a recovery notice for Rs 22.86 lakh in pending GST dues, highlighting potential lapses in the tax system's verification processes.
New Income Tax Bill Under Review: Parliamentary Panel Holds Key Discussions
15 March 2025 at 08:14A select committee of Parliament convened to discuss the provisions of the proposed New Income Tax Bill, a key reform initiative aimed at overhauling India's direct tax structure.
No Direct Revenue Impact Expected from IT Bill, Clarifies MoS Finance
14 March 2025 at 09:02The recently introduced Income-tax Bill, 2025, in the Lok Sabha is designed to streamline India's tax framework but is not expected to have an immediate impact on revenue collection, according to Minister of State for Finance Pankaj Chaudhary.
IT Department Uses Satellite Imagery to Crack Down on Dubious Agricultural Income Claims
14 March 2025 at 09:02In a major tax crackdown, the Income Tax (I-T) Department has uncovered discrepancies in agricultural income declarations using satellite imagery.
Finance Ministry: 158 GST Cases Registered Against Gaming Firms for Rs 1.53 Lakh Crore
14 March 2025 at 09:02The Finance Ministry informed the Rajya Sabha on Tuesday that 158 cases involving Goods and Services Tax (GST) dues totaling ₹1.53 lakh crore have been registered till January 2025.
CBIC Seeks Proposals for Reorganising CGST Commissionerates: Deadline 31st March 2025
13 March 2025 at 08:49The Central Board of Indirect Taxes and Customs (CBIC) has initiated a comprehensive assessment of the territorial jurisdiction of Central Tax Commissionerates across all Central Tax Zones.
Top 5 Industrial States Contribute 72% of Direct Taxes
13 March 2025 at 08:48The top five industrial states of India - Maharashtra, Karnataka, Delhi, Tamil Nadu and Gujarat collectively contributed more than 72% of the direct taxes and 53% of Central GST in FY 2023-24, according to data tabled in Parliament on Monday.
Personal Income Tax Collections Rise to 3.5% of GDP in FY24
13 March 2025 at 08:47The Finance Ministry informed the Lok Sabha on Monday that personal income tax (PIT) collection as a percentage of GDP surged by 140 basis points in the last decade, reaching 3.5% in FY 2023-24, up from 2.1% in FY 2014-15.
RBI and NCFE Launched Nationwide Campaigns to Boost Financial Literacy
12 March 2025 at 08:58NCFE Conducts 54 Financial Education Programs in North East under National Strategy for Financial Education (NSFE), empowers diverse segments
Digital Payment Transactions Surge With Over 18,000 Crore Transactions in 2024-25
12 March 2025 at 08:57RBI, NPCI Launch Awareness Campaigns and AI-Based Solutions to Prevent Financial Cybercrimes
Popular News
- GST Taxpayers to Get 2 Months to Accept or Reject Credit Notes Under Amended CGST Rules
- Income Tax Department Alerts Taxpayers About Fake Tax Refund Scams
- CBIC Seeks Proposals for Reorganising CGST Commissionerates: Deadline 31st March 2025
- GST Council Reconstitutes GoM with Revised Mandate to Analyze GST Revenue Trends
- ICAI Seeks Simplification of Income Tax Bill 2025, Recommends Fewer Sections and Clarity in Language
CAclubindia
