CAclubindia News
Two Income Tax Officials Jailed 4 Years for Rs 15 Lakh Bribe
29 September 2025 at 09:11Two Income Tax officials sentenced to 4 years in jail for accepting ₹15 lakh bribe in Jodhpur CBI court; jeweller acquitted due to insufficient evidence.
GST Refund Reform: Exporters Await 90% Upfront Relief Amid Legal Hurdles
29 September 2025 at 09:03Exporters await 90% provisional GST refunds as Centre considers ordinance. Law committee working on Section 54 amendment for rollout.
DGFT Proposes Inventory-Based E-Commerce Export Model to Boost MSME Global Trade
29 September 2025 at 08:58DGFT proposes an inventory-based e-commerce export model to help MSMEs expand globally, simplify compliance & ensure export-linked benefits.
Processed Food Manufacturers Cheer GST Cuts, Promise Price Benefits for Consumers
29 September 2025 at 08:53Processed food makers hail GST 2.0 reforms; companies like Mother Dairy & Allana to pass on benefits, boosting sales, exports & consumer savings.
GST Department Unearths Rs 127.46 Crore Turnover Suppression in Bar Hotels
29 September 2025 at 08:48Kerala 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.
GST Rate Cuts Boost Online Shopping Amid Festive Season 2025
27 September 2025 at 09:25Festive 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.
FM Sitharaman Hails India's Economic Resilience Amid Global Challenges
27 September 2025 at 09:17Finance 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.
Digital Payments Surge to Rs 11 Trillion as New GST Rates Take Effect
27 September 2025 at 09:11Digital 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.
CBDT Issues Digital Evidence Manual: Tax Officials to Trace Offshore Servers, AI Data
27 September 2025 at 09:06CBDT’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.
Retailers Yet to Pass GST Rate Cut Benefits, Consumers Still Paying Old Prices
27 September 2025 at 08:58Despite 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.
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