1. A professional course such as CA, CS or CMA is highly desirable by students because of the specialized knowledge (Accountancy, Law, Costing, and other subjects) it imparts and also tremendous career opportunities, whether in job or practice. Also to be considered is that these professionals …
The Directorate General of GST Intelligence (DGGI) has been investigating Infosys since 2020 in connection with tax evasion allegations related to the import of services from its branch offices abroad. The case revolves around a tax evasion amount of ₹32,403 crore for the period between July …
ICICI Lombard General Insurance Co. has been served an income tax demand of ₹1,388.09 crore, including ₹321 crore in interest, by the Office of the Assistant Commissioner of Income-Tax, Mumbai. The tax notice pertains to the assessment year 2021-22. According to an exchange filing on the BSE, the …
From April 1, 2025, the anti-profiteering mechanism under the Goods and Services Tax (GST) regime will cease to operate, marking a significant change for businesses and consumers. The Central Board of Indirect Taxes and Customs (CBIC), based on the GST Council’s recommendations, has notified that no …
Dear Professional Colleagues, Ethics build the foundation, integrity fortifies it, and professionalism turns it into a legacy that inspires trust. On the occasion of Global Ethics Day on 16th October, I call upon all my colleagues to take up the mantle and achieve remarkable milestones, while upholding the bedrock …
Finance Minister Nirmala Sitharaman has announced that the Budget 2024 has introduced several significant amendments to the Income Tax Act of 1961, which will come into effect on October 1, 2024. Some areas include changes in rates of TDS, changes in rates of STT, introduction of …
The Excise and Taxation Department of Himachal Pradesh is investigating over 150 agencies registered under fraudulent means, as part of a nationwide crackdown on fake GST registrations. This investigation follows instructions from the Central Government, which launched a special drive to monitor and investigate suspicious GST …
GST revenue growth rate slowed to 6.5% in September, with collections totalling Rs 1.73 lakh crore, according to government data released on Tuesday. This marks a slight decline compared to August 2024, when GST revenue stood at Rs 1.75 lakh crore. The slower growth is attributed …
GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App. This app offers the following features: Verify e-Invoices: Scan the QR code to verify the B2B e-Invoices QR code and check the live status of the Invoice …
ICAI Stands Committed to Chartered Accountants’ Well-being; Forms a Group to Address Work-Life Balance & Stress Management In the wake of recent incidents highlighting the tragic consequences of excessive work pressures faced by professionals, including Chartered Accountants, the Institute of Chartered Accountants of India (ICAI) reaffirms …
