CAclubindia News

Income Tax Department Enables Rectification Applications for AY 2023-24 via E-Filing Portal

04 April 2025 at 08:52

In a significant move to streamline the ITR rectification process, the Income Tax Department has enabled taxpayers to file rectification applications before an AO for up to AY 2023-24 (Financial Year 2022-23) through the e-filing portal.

Posted in Income Tax | 1 comments | 1062 Views

GST Collections in UP Reach Rs 10,000 Crore in March, Fueled by Maha Kumbh

04 April 2025 at 08:49

Uttar Pradesh's Goods and Services Tax (GST) collections reached an impressive Rs 10,000 crore in March, marking an 11-month high, according to government data released on Tuesday. sive attenda

Posted in GST | 825 Views

No Cut in Capital Expenditure, Claims FM Nirmala Sitharaman

04 April 2025 at 08:44

On Tuesday, Finance Minister Nirmala Sitharaman firmly responded to former Finance Minister P Chidambaram's criticism regarding capital expenditure (capex), stating that there has been no reduction in the central government's capex.

Posted in Income Tax | 93 Views

CBDT Recovers Rs 92,400 Crore in Outstanding Tax for FY 2024-25

03 April 2025 at 08:48

CBDT has successfully recovered ₹92,400 crore in outstanding tax liabilities in the ongoing financial year (2024-25) up to March 15, according to sources familiar with the matter.

Posted in Income Tax | 1701 Views

DFS Secretary Leads Meeting on Revamping Central KYC Records and Addressing KYC Challenge

03 April 2025 at 08:34

Secretary, DFS chaired a meeting at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to KYC compliance with the objective of making life of citizen comfortable while availing Financial Services

Posted in Others | 57 Views

No New 5% GST on Food Delivery Apps, Confirms Finance Ministry

03 April 2025 at 08:29

In a major clarification, the central government has stated that it has no plans to impose a fresh 5% Goods and Services Tax (GST) without input tax credit on food delivery platforms such as Zomato and Swiggy.

Posted in GST | 1920 Views

IBC Overhaul: 6 Amendments, 122 Regulatory Reforms Enhance Corporate Debt Resolution

03 April 2025 at 08:28

Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception. Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore

Posted in Corporate Law | 147 Views

Biometric Aadhaar Authentication & Document Verification Now Mandatory for GST Registration in Assam

03 April 2025 at 08:28

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam

Posted in GST | 132 Views

CBIC to Launch E-Processing for Imports & Exports via Air Passengers from 1st May 2025

02 April 2025 at 09:06

The CBIC has introduced electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and jewellery/samples/prototypes through personal carriage by air passengers from 01.05.2025 onwards at specified airports.

Posted in Custom | 207 Views

Mandatory 2FA for e-Way Bill & e-Invoice System

02 April 2025 at 08:55

To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2- Factor Authentication for logging in to e-Way Bill/e-Invoice system.

Posted in GST | 2013 Views