In a bid to enhance convenience and accessibility for taxpayers, the Goods and Services Tax (GST) portal has rolled out a significant update, now allowing GST payments through Credit Cards and Debit Cards. This latest feature, coupled with the inclusion of four new states – Jharkhand, …
In a shocking development, the Anti-Corruption Bureau (ACB) of Maharashtra has initiated legal proceedings against an Assistant Commissioner of the State GST department, along with other officers, for allegedly soliciting a massive bribe of Rs 1 crore. The case, which surfaced on Tuesday, has rattled the …
Auditing and Assurance Standards Board The Institute of Chartered Accountants of Indi 7th February, 2024 Issuance of SA 800 (Revised), SA 805 (Revised), SA 810 (Revised) The Institute of Chartered Accountants of India (ICAI) is issuing the following revised Standards on Auditing (SAs): S.No. Standards Link …
As India continues on its growth trajectory, the spotlight shines on the efficacy of its tax policies, particularly the Goods and Services Tax (GST). With expectations of a significant increase in GST collections for the next fiscal year, fueled by a robust growth environment and transformative …
The government is contemplating eliminating the flexibility for buyers and sellers to revise their output liability by locking invoices and removing the edit option in the next financial year, as revealed by Revenue Secretary Sanjay Malhotra. This proposal, intended to be discussed at the upcoming GST …
The Institute of Chartered Accountants of India has declared the results for the Dec 2023 CA Foundation Exams. Steps for checking the result Step 1: Visit icai.nic.in Step 2: Click on Foundation Option Step 3: Enter either the Registration Number or the PIN Number Step 4: Enter the 6-digit Roll Number
In a significant development, Nitin Gupta, Chairman of the Central Board of Direct Taxation (CBDT), has announced that the process of tax return filing has been streamlined, reducing the turnaround time to just 10 days. Gupta shared this information, stating that an impressive 22% of returns …
In a significant move to combat fraudulent practices in Goods and Services Tax (GST) registration, the GST Council is considering a proposal to make biometric-based Aadhaar authentication mandatory pan-India for individuals deemed suspicious, seeking GST registration, according to Sanjay Kumar Agarwal, Chief of the Central Board …
The Government of India, in collaboration with States and Union Territories, has unveiled an upgraded Goods and Services Tax (GST) system, incorporating the advanced e-Invoice System. The newly launched portal offers an array of user-friendly features, empowering stakeholders to navigate various actions seamlessly. Key functionalities of …
