MCA Extends Deadline for DIR-3 KYC Filings The Ministry of Corporate Affairs (MCA) has announced an extension for the filing deadline of the annual KYC forms for directors, specifically DIR-3 KYC and the related web-form DIR-3 KYC-WEB. Key Details of the Extension Forms Covered: DIR-3 KYC (for directors who need to update personal details) and… Read More »
Annual GST Filing Enabled: GSTR-9 and GSTR-9C Now Open for FY 2024-25 The GST Network (GSTN) has activated the filing facility for the Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) for the Financial Year 2024-25. Key Filing Details Financial Year: The filing pertains to FY 2024-25. Filing Enabled: Taxpayers can now access the functionality… Read More »
FHRAI Demands Major GST Relief for Hospitality Sector The Federation of Hotel and Restaurant Associations of India (FHRAI) has called on the government for urgent and extensive Goods and Services Tax (GST) reforms to provide significant financial relief to the hospitality sector. Key Demands for GST Relief Restoration of Input Tax Credit (ITC): FHRAI seeks… Read More »
DGFT Amends Export Policy for Meat and Meat Products The Directorate General of Foreign Trade (DGFT) has issued a notification amending the export policy for meat and certain meat products. Key Policy Changes Policy Shift: The DGFT has made changes to the export regulations governing the trade of meat and meat products, which typically fall… Read More »
Two Tax Officials Arrested in Surat for Taking Bribe The Anti-Corruption Bureau (ACB) arrested two tax officials in Surat for allegedly demanding and accepting a bribe. Key Details of the Incident Officials Arrested: The ACB apprehended two officials of the tax department (likely GST or Commercial Tax officials). Allegation: The officials were accused of demanding… Read More »
CBIC Issues Instructions on Issuance of Look Out Circulars (LOCs) The Central Board of Indirect Taxes and Customs (CBIC) has issued detailed instructions and standardized guidelines regarding the process and necessary approvals for the issuance of Look Out Circulars (LOCs) against individuals. Key Procedural Guidelines Standardized Protocol: The instructions mandate a clear, standardized protocol to… Read More »
Income Tax Refunds Fall Sharply Due to New Fraud Checks The article reports a significant drop in the issuance of income tax refunds, primarily attributing the decline to the Income Tax Department’s implementation of new and stringent fraud-checking mechanisms. Key Reasons for the Decline in Refunds Implementation of New Checks: The Income Tax Department has… Read More »
Veo AI Model Updates: Enhanced Video Flow and Realism The article announces new updates to Veo, Google DeepMind’s advanced generative AI model for creating high-definition videos, focusing on significant improvements to the videos’ flow, consistency, and overall realism. Key Technical Improvements Enhanced Consistency and Flow: The latest updates focus on improving the model’s ability to… Read More »
Google Photos AI Editing Tips and Prompts The article provides a guide on how users can leverage Gemini AI-powered editing features in Google Photos, particularly through Magic Editor, by using natural language prompts to achieve complex photo manipulations. Key Editing Capabilities and Prompts The guide highlights that by using specific text prompts, users can perform… Read More »
Google Home Briefs Feature is a “Hit-or-Miss” The article reports that Google’s new Home Brief feature, which is part of the recent Gemini AI integration into Google Home, is showing inconsistent performance, proving to be highly accurate for some users but delivering faulty, “hallucinated” summaries for others. Function and Alleged Shortcomings Feature Purpose: The Home… Read More »