CAclubindia News

Rs 35 Crore GST Notice Shocks Labourer in Moga, Fake Company Registered in His Name

17 November 2025 at 06:34

A daily-wage labourer in Moga, Punjab, has been served a shocking Rs 35 crore GST notice after a fake company was registered in his name, using his Aadhaar and PAN. He claims no business, no PAN and demands justice.

Posted in GST | 1191 Views

Income Tax Act 2025: CBDT Chairman Instructs Officers to Start Preparations for April 2026 Implementation

17 November 2025 at 06:33

CBDT Chairman Ravi Agrawal has directed tax authorities nationwide to begin preparations for the implementation of the new Income Tax Act 2025, set to replace the 1961 law from April 1, 2026

Posted in Income Tax | 2 comments | 28380 Views

Man Arrested for Posing as Income Tax Officer, Duping Woman of Rs 55.8 Lakh

15 November 2025 at 07:41

A man posing as an Income Tax officer was arrested in Palghar for conducting a fake raid and cheating a woman of Rs 55.8 lakh. Police are searching for his accomplices.

Posted in Income Tax | 888 Views

GST 2.0 Driving Transparency & Growth: ICAI President Outlines Key Reforms

15 November 2025 at 07:17

ICAI President’s November message highlights GST 2.0 reforms, MSME Clinic rollout, global benchmarking of CA qualification, and ICAI’s growing global and digital initiatives.

Posted in GST | 1272 Views

CBDT Seeks Clarity From MeitY on Tax Incentives for Data Centres Under New Policy

15 November 2025 at 06:44

CBDT has asked MeitY for detailed definitions and eligibility criteria for proposed long-term tax incentives for data centres, citing concerns over misuse and revenue loss.

Posted in Income Tax | 1332 Views

MSMEs Lead as 13 Companies Apply Under PLI Scheme with Rs 1914 Crore Investment

15 November 2025 at 06:44

India's White Goods PLI Scheme draws 13 applicants committing Rs 1,914 crore, with MSMEs forming more than 50% of new entries in AC and LED manufacturing.

Posted in Corporate Law | 204 Views

GST Exemption Fuels 50% Jump in Term Insurance Sales; Insurers Expect Trend to Continue

15 November 2025 at 06:44

Life insurers report sharp increase in pure protection plans post GST cut; HDFC Life up 50%+, Axis Max Life up 34%, SBI Life sees 33% growth.

Posted in GST | 282 Views

DGGI Delhi Busts Rs 645 Crore Fake ITC Racket

14 November 2025 at 09:22

DGGI Delhi uncovers ₹645 crore fake ITC racket using 229 dummy firms; key operator Mukesh Sharma arrested. Money-laundering links through NGO, political outfit probed.

Posted in GST | 306 Views

ITAT Bangalore Gives Relief to Landowner in Rs 1.82 Crore Mango Sales Case

14 November 2025 at 06:38

ITAT Bangalore grants relief to landowner after Rs 1.82 crore mango income taxed as unexplained cash credit; tribunal rejects tax department's assumptions.

Posted in Income Tax | 1 comments | 1956 Views