CAclubindia News

UP Shopkeeper Gets Rs 141 Crore Tax Notice After PAN Misuse for Fake Firms

02 September 2025 at 09:30

A grocery shopkeeper in Bulandshahr, UP, was shocked after receiving a Rs 141 crore tax notice when his PAN card was allegedly misused to create fake firms.

Posted in Income Tax | 2310 Views

PAN Card Misused for Fake GST Registrations Worth Rs 43 Crore in Major Identity Theft Case

02 September 2025 at 09:15

PAN card misused to create fake GST registrations, leading to Rs 43 crore fraud. Police launch probe into major identity theft case involving cyber crime.

Posted in GST | 2538 Views

Delhi CM Rekha Gupta Announces Rs 1600 Crore GST Refunds for Traders Before Diwali

02 September 2025 at 09:07

Delhi CM Rekha Gupta announces release of Rs 1600 crore GST refunds pending since 2019, ahead of Diwali, with a new IT module to fast-track claims.

Posted in GST | 543 Views

Indian Beverage Association Urges GST Council to Reclassify Aerated Drinks as 'Food/Merit' Goods

02 September 2025 at 08:59

The Indian Beverage Association has urged the GST Council to reclassify aerated drinks as “food/merit” goods, seeking 18% GST instead of 40%, and lower GST on fruit juices to 5%.

Posted in GST | 303 Views

CBDT Notifies New Tax Rules: 6-Year Extension Under Section 10(23FE)

02 September 2025 at 08:51

CBDT extends tax exemption timelines under Section 10(23FE) by 6 years through the Income-tax (25th Amendment) Rules, 2025, aiding global funds.

Posted in Income Tax | 2979 Views

GST Collections for August 2025 Rises 6.5% to Rs 1.86 Lakh Crore

02 September 2025 at 08:44

India's GST collections rose to Rs 1.86 lakh crore in August 2025, up 6.5% year-on-year. Net revenue grew 10.7%, with Maharashtra, Karnataka, Tamil Nadu and Gujarat leading contributions.

Posted in GST | 1242 Views

Pre-Budget Meetings for FY 2026-27 to Begin on October 9

01 September 2025 at 09:25

DEA to begin pre-budget meetings for Union Budget 2026-27 from October 9; ministries must submit estimates via UBIS by October 3, 2025.

Posted in Union Budget & Policy | 1236 Views

CBIC Issues Directive to Validate BIS Registration Before Customs Clearance

01 September 2025 at 09:18

CBIC directs customs to verify BIS registration online before clearance of imports; only valid registrations allowed, covering CCTVs and all CRO goods.

Posted in Custom | 1395 Views