CAclubindia News
ITAT Bangalore Gives Relief to Landowner in Rs 1.82 Crore Mango Sales Case
14 November 2025 at 06:38ITAT Bangalore grants relief to landowner after Rs 1.82 crore mango income taxed as unexplained cash credit; tribunal rejects tax department's assumptions.
Retail Inflation Drops to Record Low of 0.25% in October after GST Rate Cuts
14 November 2025 at 06:38India's retail inflation hit a record low of 0.25% in October 2025, driven by GST rate cuts and a sharp fall in food and vegetable prices.
FM Sitharaman Assures Further Simplification of GST, Tax Procedures
14 November 2025 at 06:38Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.
Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall
14 November 2025 at 06:38Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.
Cabinet Approves Rs 20,000 Crore Credit Guarantee Scheme for Exporters (CGSE)
13 November 2025 at 09:20The Union Cabinet has approved the Rs 20,000 crore Credit Guarantee Scheme for Exporters (CGSE), offering 100% collateral-free credit via NCGTC to boost MSMEs, liquidity, and export growth.
ICAI signs MoU with Indian Army for Real-time UDIN Verification
13 November 2025 at 09:14ICAI signs MoU with the Indian Army for real-time UDIN verification via API integration, enhancing transparency, trust, and efficiency in document authentication.
GST Reforms Have Driven Sales Growth Across Sectors, Says FM Sitharaman
13 November 2025 at 06:48Finance Minister Nirmala Sitharaman said that the recent GST reforms have boosted sales across sectors from automobiles and consumer durables to e-commerce highlighting the positive market response to simplified tax rates and structures.
SC Protects Chartered Accountants: Issuing Form 15CB Isn't Money Laundering
13 November 2025 at 06:48The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.
GST Department Nabs Mira Road Resident for Rs 8.43 Crore Fake ITC Fraud
13 November 2025 at 06:48The Maharashtra State Tax Department (Thane Zone) has arrested Mira Road resident Srikanth Vaidyanath for generating and passing fake GST Input Tax Credit worth Rs 8.43 crore through a bogus firm.
Direct Tax Collections Grows 7% YoY; Refunds Down 18% in FY 2025-26
13 November 2025 at 06:48As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.
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