CAclubindia News

MCA Raises Small Company Thresholds: Paid-Up Capital Rs 10 Crore, Turnover Rs 100 Crore

02 December 2025 at 09:29

MCA revises the definition of small company, raising paid-up capital limit to Rs 10 crore and turnover to Rs 100 crore under the Companies Act. Amendment effective December 1, 2025.

Posted in Corporate Law | 16071 Views

GST Reforms, Labour Codes and Tax Overhaul Power India's Growth: CEA Nageswaran

02 December 2025 at 08:03

India’s structural reforms, stable inflation, and strong capex are boosting efficiency and growth, said CEA V Anantha Nageswaran, as agencies revise FY26 GDP outlook upward.

Posted in GST | 648 Views

Supreme Court Slams Income Tax Department for Filing Frivolous SLP in a Settled Matter

02 December 2025 at 06:45

The Supreme Court has slammed the Income Tax Department for filing a frivolous SLP in a settled case, warning against repetitive and wasteful litigation.

Posted in Income Tax | 1755 Views

Manipur GST (Second Amendment) Bill, 2025 Tabled in Parliament

02 December 2025 at 06:45

Parliament introduces Manipur GST Amendment Bill 2025 with new compliance measures, penalty norms, unique ID marking and retrospective GST clarifications.

Posted in GST | 420 Views

Centre Introduces Health Security Se National Security Cess Bill 2025

02 December 2025 at 06:45

The Centre has introduced the Health Security & National Security Cess Bill, 2025 to fund emergency health and national safety measures. Learn key provisions, cess structure, exemptions, and expected impact.

Posted in Community & General | 486 Views

Centre Proposes Major Excise Duty Hike on Tobacco Products Under Central Excise (Amendment) Bill, 2025

01 December 2025 at 15:41

The Central Excise (Amendment) Bill, 2025 proposes steep hikes in excise duty on cigarettes, tobacco and nicotine products as the GST compensation cess nears its end.

Posted in Excise | 2454 Views

Gross GST Revenue Rises by 0.7% to Rs 1.70 Lakh Crore in November 2025

02 December 2025 at 06:45

GST revenue for November 2025 rose to Rs 1.70 lakh crore, driven by a 10% surge in IGST from imports, even as domestic collections dipped. Year-to-date revenue shows strong 8.9% growth.

Posted in GST | 798 Views

Reliance Industries Gets Rs 56.44 Crore GST Penalty u/s 74, To Appeal ITC Interpretation

01 December 2025 at 06:46

RIL will challenge a Rs 56.44 crore GST order passed under Section 74, saying the department misinterpreted input tax credit provisions.

Posted in GST | 2055 Views

GST Rationalisation Fuels Consumption Growth as Economy Strengthens: Finance Ministry Review

01 December 2025 at 06:46

GST rate cuts have boosted India’s economic activity, strengthened consumption, and improved inflation outlook, the Finance Ministry’s October review shows.

Posted in GST | 897 Views

CBIC Gets New Chairman: Vivek Chaturvedi to Lead GST & Customs Administration

01 December 2025 at 06:46

Shri Vivek Chaturvedi has been named the new CBIC Chairman following ACC approval. A major leadership change for India’s GST, Customs, and indirect tax governance.

Posted in GST | 1161 Views