CAclubindia News

Two Income Tax Officials Jailed 4 Years for Rs 15 Lakh Bribe

29 September 2025 at 09:11

Two Income Tax officials sentenced to 4 years in jail for accepting ₹15 lakh bribe in Jodhpur CBI court; jeweller acquitted due to insufficient evidence.

Posted in Income Tax | 2322 Views

GST Refund Reform: Exporters Await 90% Upfront Relief Amid Legal Hurdles

29 September 2025 at 09:03

Exporters await 90% provisional GST refunds as Centre considers ordinance. Law committee working on Section 54 amendment for rollout.

Posted in GST | 1749 Views

DGFT Proposes Inventory-Based E-Commerce Export Model to Boost MSME Global Trade

29 September 2025 at 08:58

DGFT proposes an inventory-based e-commerce export model to help MSMEs expand globally, simplify compliance & ensure export-linked benefits.

Posted in Corporate Law | 258 Views

Processed Food Manufacturers Cheer GST Cuts, Promise Price Benefits for Consumers

29 September 2025 at 08:53

Processed food makers hail GST 2.0 reforms; companies like Mother Dairy & Allana to pass on benefits, boosting sales, exports & consumer savings.

Posted in GST | 147 Views

GST Department Unearths Rs 127.46 Crore Turnover Suppression in Bar Hotels

29 September 2025 at 08:48

Kerala GST Dept's 'Prancing Pony' raid found Rs 127.46 cr turnover suppression & Rs 12 cr tax evasion in 45 bar hotels. Probe against offenders continues.

Posted in GST | 237 Views

GST Rate Cuts Boost Online Shopping Amid Festive Season 2025

27 September 2025 at 09:25

Festive e-commerce sales in India jumped 23–25% YoY in the first two days, led by premium smartphones, TVs, and GST benefits, generating over Rs 1.15 lakh crore GMV.

Posted in GST | 726 Views

FM Sitharaman Hails India's Economic Resilience Amid Global Challenges

27 September 2025 at 09:17

Finance Minister Nirmala Sitharaman highlighted India's economic resilience, citing 7.8% GDP growth, sovereign rating upgrades, and strong reforms that helped the country withstand global challenges, tariffs and supply chain disruptions.

Posted in Community & General | 99 Views

Digital Payments Surge to Rs 11 Trillion as New GST Rates Take Effect

27 September 2025 at 09:11

Digital payments in India surged to Rs 11 trillion on Sept 22 as new GST rates took effect, with RTGS, UPI, NEFT and card payments soaring. E-commerce sales jumped 25% in two days.

Posted in GST | 228 Views

CBDT Issues Digital Evidence Manual: Tax Officials to Trace Offshore Servers, AI Data

27 September 2025 at 09:06

CBDT’s new digital evidence manual empowers tax officials to use Companies Act provisions to access offshore data. Firms must keep daily backups in India, disclose overseas custodians and comply with stricter digital evidence rules.

Posted in Income Tax | 3834 Views

Retailers Yet to Pass GST Rate Cut Benefits, Consumers Still Paying Old Prices

27 September 2025 at 08:58

Despite GST rate cuts, many retailers in Chennai are yet to reduce prices of essentials, medicines, and stationery. Old stock, confusion over MRPs and delays from distributors are cited as reasons.

Posted in GST | 198 Views