CBIC detected Rs. 36,374 crore worth of fake ITC in FY 2023-24 involving 9,190 cases. Key measures and data on ITC fraud detection detailed in the report.
Learn about the new regulations for amending import documents under Section 149 of the Customs Act, 1962. Understand the timeline, process, and conditions.
Details on penalties for not maintaining AMB in savings accounts, criteria for calculation, and government’s stance on rationalizing these charges.
IBBI introduces new electronic forms for voluntary liquidation under IBC. Streamline compliance with updated reporting requirements effective July 2024.
IBBI introduces electronic forms for monitoring liquidation under IBC. New procedures for efficient reporting and compliance effective from July 2024.
Detailed analysis of the CAAR Mumbai ruling on the classification of parts for Sanmina-SCI India’s Wi-Fi receivers and transmitters. Understand the customs implications.
ICAIs Auditing and Assurance Standards Board releases an Exposure Draft for audits of less complex entities. Comments invited until September 9, 2024.
Allahabad HC directs Uttar Pradesh authorities to undergo training on the UP Gangsters Act, addressing procedural violations and safeguarding against misuse.
View the detailed report on gross and net GST revenue collections for June 2024. Learn about the growth percentages and year-to-date comparisons.
Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and uniform taxpayer regulations.
