CAclubindia News

FM Sitharaman Assures Further Simplification of GST, Tax Procedures

14 November 2025 at 06:38

Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.

Posted in GST | 318 Views

Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall

14 November 2025 at 06:38

Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.

Posted in Income Tax | 168 Views

Cabinet Approves Rs 20,000 Crore Credit Guarantee Scheme for Exporters (CGSE)

13 November 2025 at 09:20

The Union Cabinet has approved the Rs 20,000 crore Credit Guarantee Scheme for Exporters (CGSE), offering 100% collateral-free credit via NCGTC to boost MSMEs, liquidity, and export growth.

Posted in Corporate Law | 345 Views

ICAI signs MoU with Indian Army for Real-time UDIN Verification

13 November 2025 at 09:14

ICAI signs MoU with the Indian Army for real-time UDIN verification via API integration, enhancing transparency, trust, and efficiency in document authentication.

Posted in Professional Resource | 13455 Views

GST Reforms Have Driven Sales Growth Across Sectors, Says FM Sitharaman

13 November 2025 at 06:48

Finance Minister Nirmala Sitharaman said that the recent GST reforms have boosted sales across sectors from automobiles and consumer durables to e-commerce highlighting the positive market response to simplified tax rates and structures.

Posted in GST | 1404 Views

SC Protects Chartered Accountants: Issuing Form 15CB Isn't Money Laundering

13 November 2025 at 06:48

The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.

Posted in Income Tax | 3447 Views

GST Department Nabs Mira Road Resident for Rs 8.43 Crore Fake ITC Fraud

13 November 2025 at 06:48

The Maharashtra State Tax Department (Thane Zone) has arrested Mira Road resident Srikanth Vaidyanath for generating and passing fake GST Input Tax Credit worth Rs 8.43 crore through a bogus firm.

Posted in GST | 930 Views

Direct Tax Collections Grows 7% YoY; Refunds Down 18% in FY 2025-26

13 November 2025 at 06:48

As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.

Posted in Income Tax | 1080 Views

CBDT Implements Revised Protocol for India-Belgium Double Taxation Avoidance Agreement

13 November 2025 at 06:48

India notifies the amended DTAA Protocol with Belgium, enhancing tax transparency and mutual assistance from June 26, 2025.

Posted in Income Tax | 336 Views

CBIC Issues Instruction to Align Import Policy with Finance Act, 2025

12 November 2025 at 09:16

CBIC issues Instruction No. 32/2025-Customs to align the ITC (HS) 2022 Import Policy with the Finance Act, 2025, following DGFT Notification 44/2025-26, ensuring consistency in customs classification and import procedures.

Posted in Custom | 579 Views