CAclubindia News

GST Intelligence Officer Honoured for Busting Rs 870 Crore Tax Evasion Racket

04 July 2025 at 09:12

Surajit Gogoi, Superintendent with the Directorate General of GST Intelligence (DGGI), Guwahati, has been awarded a prestigious Commendation Certificate for his outstanding role in exposing one of the largest tax evasion networks in India.

Posted in GST | 2736 Views

Rs 867 Crore Bogus Transactions Uncovered in Ludhiana GST Scam

04 July 2025 at 08:58

A massive GST fraud worth Rs 157.22 crore has been unearthed in Ludhiana, with absconding accountant Sarabjit Singh accused of creating 20 fake firms to claim bogus ITC through Rs 866.67 crore in fraudulent transactions between 2023 and 2025.

Posted in GST | 1812 Views

Form ITR-B Filing Now Enabled Online for Section 158BC Notices via e-Proceeding Tab

04 July 2025 at 08:45

Taxpayers who have received notice under Section 158BC can now submit Form ITR-B via the e-Proceeding tab on the Income Tax portal

Posted in Income Tax | 3423 Views

ICAI Launches AI-Powered Digital Workspace on 77th CA Day Celebration

04 July 2025 at 08:38

ICAI Celebrated 77th Foundation Day at Bharat Mandapam. Launched ICAI AI Agent, a next-gen, AI-powered digital workspace

Posted in Professional Resource | 1 comments | 13128 Views

Hajmola's Bitter-Sweet Battle with GST Authorities

03 July 2025 at 09:11

Dabur's iconic digestive product Hajmola is under the tax spotlight again, as the DGGI questions its classification - whether it should be taxed like a candy or as an Ayurvedic product.

Posted in GST | 2031 Views

SBI Cards Receives GST Show Cause Notice for Rs 81.93 Crore ITC Disallowance

03 July 2025 at 09:07

SBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has received a show cause notice from the CGST Department proposing to disallow ITC worth Rs 81.93 crore, the company informed stock exchanges on Tuesday.

Posted in GST | 3834 Views

India's Tax Reforms and Digital Transformation Boost Revenue, Cut Compliance Costs: FM Sitharaman

03 July 2025 at 09:02

FM Nirmala Sitharaman highlighted India's strides in tax reforms, digital transformation, and inclusive growth at the Third Plenary Meeting of the Fourth International Conference on Financing for Development

Posted in Income Tax | 2490 Views

GST Fraud Using Villagers' Identities: Rs 130 Crore ITC Scam Exposed

03 July 2025 at 08:57

The Economic Offences Wing (EOW) has unearthed a massive Goods and Services Tax (GST) input tax credit (ITC) fraud worth Rs 130 crore, involving 23 fake firms and Rs 512 crore in fake invoices, according to officials.

Posted in GST | 987 Views

Karnataka State Pollution Control Board Gets Income Tax Exemption on Specified Incomes

03 July 2025 at 08:52

In a major relief for the Karnataka State Pollution Control Board (KSPCB), the Central Government has notified income-tax exemption on specific sources of income under Section 10(46) of the Income-tax Act, 1961.

Posted in Income Tax | 162 Views