CAclubindia News
Chartered Accountant Held for Passing Fake Invoices Worth Rs 11.72 Crore in GST Fraud
11 September 2025 at 09:13CGST Palghar arrested CA Ritesh Padamchand Burad for a Rs 11.72 crore fake GST ITC scam involving bogus invoices and shell firms. He allegedly controlled invoicing, bank transactions, and earned commissions per deal.
GST Rate Cuts May Boost Consumption, Offset Rs 48,000 Crore Revenue Loss: CBIC Chairman
11 September 2025 at 09:06CBIC Chairman Sanjay Agarwal said GST rate cuts could drive higher consumption and offset an estimated Rs 48,000 crore revenue loss if industries pass benefits to consumers.
FM Says GST Slab Rationalisation was 18 Months in the Making, Not a Reaction to US Tariffs
11 September 2025 at 09:02Finance Minister Nirmala Sitharaman said the GST slab rationalisation, reducing slabs to two and exempting health and life insurance, was 18 months in the making, not a reaction to US tariffs.
CBIC Chairman: No GST Cuts on Sin Goods, Single Rate Structure Possible in Future
11 September 2025 at 08:55CBIC Chairman Sanjay Kumar Agarwal confirmed no GST cuts on sin goods, but hinted at future reforms toward a single standard GST rate.
ICAI Postpones CA Exams in Kathmandu Due to Protests, New Dates to Be Announced
11 September 2025 at 08:47ICAI has postponed the CA Final and Intermediate exams scheduled for September 11–15, 2025, in Kathmandu due to protests. Revised dates will be announced soon. Other exam centres remain unaffected.
Poor Dhaba Cook Duped into Bank Fraud, Faces Rs 46 Crore Income Tax Notice
10 September 2025 at 09:24A dhaba cook from Bhind, Madhya Pradesh, earning just Rs 10,000 a month, has been hit with a shocking Rs 46 crore income tax notice after being duped into opening a bank account linked to fraudulent transactions.
Next-Gen GST Overhaul: Staple Foods Made Tax-Free, Processed Foods at 5%
10 September 2025 at 09:15GST overhaul makes staples tax-free and lowers GST on processed foods to 5%. Big relief for consumers and small businesses.
GST Returns Older Than 3 Years to Be Barred from Filing on Portal from Sept 2025 Tax period
10 September 2025 at 09:08From Sept 2025, GST returns older than 3 years from due date cannot be filed. Taxpayers must clear pending filings before the deadline.
GST Reforms Slash Rates on Fitness, Sports Goods, Bicycles and Small Vehicles
10 September 2025 at 08:52Government cuts GST on gyms, bicycles, toys, sports goods, two-wheelers and small cars. The move makes fitness, sports, and mobility more affordable for India's youth.
GST Cuts on Automobiles and Heavy Industries to Boost Demand, Jobs and Exports
10 September 2025 at 08:51GST rationalisation lowers rates on vehicles, parts, and transport services. The move to fuel demand, job creation, farm mechanisation and export growth.
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