The Indian gaming industry is facing a major crisis after the GST Council decided to levy a 28% GST on online gaming, casinos, and horse racing. This has led to widespread protests from the industry, with companies warning that the move could lead to thousands of …
Council Affairs The Institute of Chartered Accountants of India ANNOUNCEMENT Sub: Inviting Public Comments on draft amendments in the Chartered Accountants Regulations, 1988 arising out of Amendment Act 2022 The Ministry of Corporate Affairs has accorded its in-principle approval on the draft amendments in the Chartered …
Provisional figures of Direct Tax collections for FY 2023-24 register steady growth upto 9th July 2023 The provisional figures of Direct Tax collections up to 9th July, 2023 continue to register steady growth. Direct Tax collections up to 9th July, 2023 show that gross collections are at Rs. …
Recommendations of 50th meeting of GST Council GST Council recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value GST Council recommends notification of GST Appellate Tribunal by the Centre with effect from 01.08.2023 GST Council …
The ICAI issued the Chartered Accountants (Second Amendment) Regulations, 2023 vide Notification No. 1-CA(7)/208/2023, dated 7th July, 2023. The amendment is a significant step forward for the ICAI, as it opens up the CA Examinations to a wider pool of potential candidates. This is likely to have …
The Central Board of Indirect Taxes and Customs (CBIC) has found that around 25% of 69,000 suspected GST accounts are fake. These accounts have availed benefits of around Rs 15,000 crore. The authorities used artificial intelligence and data analytics to identify around 69,000 suspected accounts after …
Previously, taxpayers had to check their income tax refund status on the TIN-NSDL website. However, the Income Tax Department has now launched a new functionality called “Know Your Refund Status” on the e-filing portal that allows users to check their refund status directly from the portal …
