CAclubindia News

Banks Propose Rs 1 Crore GST Slab to Ease Compliance and Boost Digital Payments

13 August 2025 at 09:03

The Department of Financial Services is reviewing GST registration thresholds, with banks suggesting raising the annual turnover limit for merchants to Rs 1 crore, amid concerns over compliance burden and digital payment adoption.

Posted in GST | 228 Views

No GST Notices Issued Based on UPI Transactions, Clarifies FM Nirmala Sitharaman

13 August 2025 at 08:54

Finance Minister Nirmala Sitharaman clarifies that no GST notices have been issued by Central GST authorities based on UPI transactions, addressing concerns over small business tax scrutiny.

Posted in GST | 12786 Views

RBI guidelines ensure multilingual customer communication and a quicker grievance redressal by banks

13 August 2025 at 08:47

The Reserve Bank of India (RBI) mandates banks to communicate with customers in Hindi, English and the regional language, ensuring clarity and accessibility.

Posted in Others | 240 Views

JioFinance App Launches Rs 24 Self-Service ITR Filing Feature

12 August 2025 at 17:25

JioFinance App, with TaxBuddy, launches a new ITR filing feature offering regime comparison, deduction mapping & expert-assisted tax planning.

Posted in Income Tax | 3366 Views

Income Tax Department Warns Taxpayers Against Phishing Emails Promising Refunds

12 August 2025 at 09:18

Income Tax Department warns taxpayers about phishing emails promising refunds from fake address donotreply@incometaxindiafilling.gov.in; advises not to click suspicious links and report scams.

Posted in Income Tax | 1251 Views

ICAI Launches Practical Guide to GST Disputes to Empower CAs in Litigation and Representation

12 August 2025 at 09:13

ICAI releases Practical Guide to GST Disputes to help Chartered Accountants master GST litigation, evidence handling, appeals, and representation, updated till May 31, 2025.

Posted in GST | 8271 Views

Tax Consultant Booked for Misusing Client's GST Number in Rs 73 Lakh Fraud Case

12 August 2025 at 09:07

Jawahar Nagar police in Chhatrapati Sambhajinagar have booked a tax consultant for allegedly misusing a client's GST number to execute fraudulent transactions worth Rs 73.63 lakh

Posted in GST | 1833 Views

Taxation Laws (Amendment) Bill, 2025 Introduced in Lok Sabha

12 August 2025 at 09:04

The Taxation Laws (Amendment) Bill, 2025, introduced in Lok Sabha by FM Nirmala Sitharaman, proposes tax exemptions for Unified Pension Scheme payouts, enhances standard deduction and refines search case block assessments.

Posted in Income Tax | 3717 Views

State to Tighten GST Scrutiny After Rs 3000 Crore ITC Fraud Cases Surface

12 August 2025 at 08:52

State to intensify GST checks after Rs 3000 crore ITC frauds; high-turnover dealers face stricter registration, tighter monitoring and special audits.

Posted in GST | 207 Views

Excise & GST Teams Raid Over a Dozen High-End Salons in City for Alleged GST Evasion

12 August 2025 at 08:46

Excise & GST teams raid 12+ luxury salons in city over alleged 18% GST evasion; records seized, inspections to expand, penalties likely for violators.

Posted in GST | 144 Views