CAclubindia News

FM Directs MCA to Strengthen E-Governance, Fast-Track Mergers and Improve Service Delivery

27 November 2025 at 06:09

FM Nirmala Sitharaman reviewed MCA’s RDs and ROCs, stressing simplified processes, transparent governance, a live dashboard, and a futuristic MCA for Viksit Bharat 2047.

Posted in Corporate Law | 1014 Views

MCA Plans Big Relief for Micro Companies: Statutory Audit Likely To Be Optional Up to Rs 1 Crore Turnover

27 November 2025 at 06:09

The Centre may exempt companies with turnover up to ₹1 crore from statutory audits, marking a major Companies Act reform set to be taken up in the Winter Session.

Posted in Corporate Law | 1 comments | 13392 Views

MGST Issues Circular Waiving Late Fees for October 2025 MVAT & PT Returns

27 November 2025 at 06:09

The Maharashtra GST Department has announced a complete waiver of late fees for MVAT, CST and PT monthly returns for October 2025 due to a system upgrade, subject to timely tax payment and revised filing deadlines.

Posted in GST | 1932 Views

West Bengal GST Department Issues Framework for Selecting Taxpayers for Audit Under WBGST Act, 2017

27 November 2025 at 06:09

The West Bengal GST Department has released guidelines outlining the criteria and process for selecting registered taxpayers for audit under the WBGST Act, 2017.

Posted in GST | 8964 Views

GST Refund Delays Hurt Punjab Industry, FICO Pushes for Automated System

26 November 2025 at 06:21

FICO has urged the Punjab government to automate GST refunds, citing delays caused by the inverted duty structure and a burdensome four-stage verification process.

Posted in GST | 189 Views

SIT Busts Rs 400 Crore GST Evasion Racket, 144 Shell Firms Linked to Job Scam Exposed

26 November 2025 at 06:21

UP's Special Investigation Team has busted a Rs 400-crore GST evasion racket involving 144 shell companies created using stolen documents of job seekers.

Posted in GST | 1854 Views

Centre Expects Mild Tax Shortfall After GST Cuts, Non-Tax Revenue to Bridge Gap

26 November 2025 at 06:21

The Centre anticipates a marginal shortfall in tax revenue this fiscal due to GST rate cuts, income-tax relief and global headwinds affecting corporate earnings.

Posted in GST | 852 Views

Finance Ministry Revives Plan to Merge Three PSU General Insurers

26 November 2025 at 06:21

The Finance Ministry is reassessing the long-pending merger of Oriental Insurance, National Insurance and United India Insurance after their financial health improved following major capital infusions.

Posted in GST | 441 Views

India's FMCG Market Rebounds in October as GST Cuts Lift Demand

26 November 2025 at 06:21

India's FMCG market saw a strong rebound in October 2025 with value growth rising to 6.8%, driven by GST cuts and improving urban demand.

Posted in GST | 288 Views

CGST Busts Rs 350 Crore Fake GST Invoice Racket in Chennai

25 November 2025 at 06:40

CGST officials in Chennai have busted an inter-state fake GST invoice racket involving 12 entities, confirming Rs 50.85 crore tax evasion with total fraud estimated to exceed Rs 350 crore.

Posted in GST | 714 Views