By: AdminDate: January 4, 2025Categories: ICAI | NewsReading Time: 4 Min The Institute of Chartered Accountants of India (ICAI), the apex body for chartered accountants, has proposed a series of…
New Tax Rule: Avoid Tax Deduction on Purchases from IFSC Sellers
By: AdminDate: January 6, 2025Categories: TAX NewsReading Time: 4 Min The Ministry of Finance has introduced a new rule, effective January 1, 2025. This rule allows buyers to avoid tax…
ICAI Advocates for Concessional Tax Regime for Partnership Firms
By: AdminDate: January 6, 2025Categories: ICAI | NewsReading Time: 4 Min The Institute of Chartered Accountants of India (ICAI) has put forth a recommendation for a special concessional tax regime…
Direct Tax Vivad Se Vishwas Scheme: Submit Declaration by Dec 31 to Avoid Higher Tax Costs
By: AdminDate: December 30, 2024Categories: Income Tax News | NewsReading Time: 4 Minutes The Vivad Se Vishwas Scheme, introduced during the Budget 2024 speech by Union Finance Minister Nirmala Sitharaman,…
GST Notices Sent to CNG Kit Providers Over Tax Classification Dispute
By: Admin | December 27, 2024Categories: GST Recent News | 4 Min Read Overview of the Issue The Goods and Services Tax (GST) authorities have issued show cause-cum-demand notices to…
Centre Proposes GST-Style Panel for Agricultural Marketing Reforms
The Ministry of Agriculture and Farmers’ Welfare has proposed creating an Empowered Committee of State Agricultural Marketing Ministers to streamline agricultural marketing reforms. Modeled on the GST Empowered Committee of…
Bihar GST (Second Amendment) Bill, 2024 Passed by Voice Vote
The Bihar Goods and Services Tax (Second Amendment) Bill, 2024 was passed by voice vote in the Bihar Assembly on Tuesday. The Bill now moves to the Bihar Legislative Council…
Why the Income Tax Department Introduced PAN 2.0 Project
The Income Tax Department initiated the PAN 2.0 Project to revolutionize the Permanent Account Number (PAN) system. This project focuses on improving functionality, bolstering security, and enhancing accessibility. By integrating…
🟥 GST Council to Convene in Jaisalmer on December 21
The 55th GST Council Meeting, led by Union Finance Minister Nirmala Sitharaman, will take place on December 21, 2024, in Jaisalmer, Rajasthan. Key discussions will focus on tax reforms for…
55th GST Council Meeting Scheduled for December 21 in Jaisalmer
Date: November 16, 2024Category: GST News Meeting Highlights Key Details: Chairperson: Finance Minister Nirmala Sitharaman Date & Location: December 21, Jaisalmer Reason for Delay: Postponed from November due to assembly…