Potential Litigations Loom as GST Show Cause Notice Deadline Nears As the deadline for issuing show cause notices (SCNs) related to FY19 under the Goods and Services Tax (GST) Act approaches on January 31, 2024, the Central Board of Indirect Taxes & Customs (CBIC) has cautioned …
In a proactive move to curb potential tax evasion, six teams from the Goods and Services Tax (GST) Department recently conducted raids on multiple immigration firms in the city. Led by Pardeep Rawal, ETO, and directed by Jagdeep Sehgal, AETC, the teams meticulously examined GST returns, …
Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC Initiative to boost foreign investment flows, unlock growth opportunities and broaden the investor base for Indian companies In pursuance of the announcement on July 28, 2023 by Union Minister for …
With February 1 looming on the horizon, stakeholders in the Micro, Small, and Medium Enterprises (MSME) ecosystem have actively communicated their Budget 2024 demands to Finance Minister Nirmala Sitharaman. The focus of these demands revolves around fostering the growth of small businesses, with key asks including …
CBIC Issues Circular Mandating Transition to Gov.in/Nic.in Email IDs for Customs & GST Officials In a move aimed at bolstering cybersecurity measures, the office of the Directorate General of Systems & Data Management of the central government has issued a circular instructing all customs and GST …
In a significant development, the Mumbai police have apprehended a 30-year-old chartered accountant (CA) from Borivali for allegedly spreading false and malicious information on social media regarding a massive financial scam involving a corporate house. The CA, whose identity is yet to be disclosed, has been …
In a proactive move to curb potential tax evasion, six teams from the Goods and Services Tax (GST) Department recently conducted raids on multiple immigration firms in the city. Led by Pardeep Rawal, ETO, and directed by Jagdeep Sehgal, AETC, the teams meticulously examined GST returns, …
In a significant development for the assessment year 2024-25, the central government has implemented a new rule requiring buyers to settle payments for goods purchased from Micro, Small, and Medium Enterprises (MSMEs) within 45 days of delivery. Additionally, all outstanding dues to MSMEs must be cleared …
Crucial Dates for May/June 2024 ICAI Examinations: Mark Your Calendars! As the May/June 2024 examinations draw near, the Institute of Chartered Accountants of India (ICAI) has announced the schedule for the submission of online exam forms for the Final, Intermediate, and Foundation levels. Here’s a detailed …
The Central Board of Direct Taxes (CBDT) has recently issued a crucial notification, marked as Notification No. 16/2024 on January 24, 2024. This notification unveils the updated Income Tax Return (ITR) Form ITR-6 designed specifically for companies (excluding those claiming exemption under section 11) for the …
