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IDBI Bank Faces Rs 2.97 Crore GST Demand Order for Alleged Tax Credit Misuse

   08 May 2024 at 09:01

In a recent development, IDBI Bank revealed that it has been slapped with a GST demand order totaling Rs 2.97 crore, inclusive of interest and penalties

Posted in GST |   165 Views


ICAI Launches Digital Learning Campus Portal: Self-Paced Online Modules (SPOM) SET A and SET B

   08 May 2024 at 08:54

The Institute of Chartered Accountants of India (ICAI) has taken a leap into the digital realm with the launch of its state-of-the-art Digital Learning Campus Portal.

Posted in Students |   1998 Views


ICAI Welcomes Observations of the candidates on the Question Papers of CA May 2024 Exams

   08 May 2024 at 08:53

It is hereby informed that candidates can bring to the notice of the Examination Department, their observations, if any, on the question papers relating to Final and Intermediate Examinations being held in May 2024

Posted in Students |   1857 Views


GST Portal Adds Dhanlaxmi Bank, Enables Payment Choices to 27 Banks

   08 May 2024 at 08:52

Goods and Services Tax Network (GSTN) has announced the addition of Dhanlaxmi Bank Limited to its roster of banks on the GST Portal.

Posted in GST |   120 Views


GST Boosted State Revenue by 24% Compared to Old Tax Regime: FM Sitharaman

   08 May 2024 at 08:51

In a recent statement, Finance Minister Nirmala Sitharaman dispels misconceptions surrounding GST collections, highlighting its substantial contribution to state revenues and its pro-poor nature.

Posted in GST |   138 Views


CBDT Releases Guidelines for Compulsory Scrutiny of Income Tax Returns in FY 2024-25

   07 May 2024 at 08:15

The Central Board of Direct Taxes (CBDT) has recently issued comprehensive guidelines regarding the compulsory selection of tax returns for complete scrutiny during the financial year 2024-25.

Posted in GST |   6129 Views


Supreme Court Refuses Plea by Micro and Small Enterprises Regarding 45-Day Payment Rule

   07 May 2024 at 07:56

In a recent development, the Supreme Court (SC) has declined to entertain a plea filed by Micro and Small Enterprises (MSEs) challenging the 45-day payment rule stipulated in Section 43B(h) of the Income Tax Act.

Posted in Income Tax |   3474 Views


Sanjaya Kumar Mishra appointed as the first President of GSTAT

   07 May 2024 at 07:55

FM Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of GSTAT in New Delhi

Posted in GST |   2511 Views


Ram Mandir Visits and Aggressive Capex Drive Propel Uttar Pradesh to Impressive GST Revenue Growth in April

   06 May 2024 at 08:48

The inauguration of the Ram Mandir in Ayodhya has emerged as a pivotal catalyst in UP's economic resurgence.

Posted in GST |   1971 Views


Hyderabad Police Arrest 5 GST Officials in Rs 46 Crore Scam

   06 May 2024 at 08:47

In a significant development, Hyderabad police have apprehended five GST officials in connection with seven cases of GST refund fraud, amounting to approximately Rs 46 crore.

Posted in GST |   2742 Views