CAclubindia News

Finance Ministry Issues 'No-Festive-Gifts' Directive for Ministries, PSUs

24 September 2025 at 08:48

The Finance Ministry has barred Union ministries, PSUs, and public sector banks from spending on Diwali or festival gifts, citing fiscal discipline and prudent use of public resources.

Posted in Community & General | 1788 Views

GSTN Issues Advisory for New Changes in GST IMS Effective October 2025

24 September 2025 at 08:35

The GST Invoice Management System (IMS) gets key updates from Oct 2025 - pending action facility, ITC reversal declaration and option to save remarks. Learn how these changes simplify compliance for taxpayers.

Posted in GST | 7662 Views

ICAI Announces January 2026 CA Exams Schedule

23 September 2025 at 14:47

The Institute of Chartered Accountants of India (ICAI) has released the timetable for CA Foundation, Intermediate, and Final exams in January 2026, along with INTT–AT and IRM PQC exams. Check key dates, exam centres, fees and application deadlines.

Posted in Students | 7557 Views

CBDT Waives Interest for Taxpayers Affected by Incorrect 87A Rebate under Section 115BAC

23 September 2025 at 08:53

CBDT issues Circular 13/2025 granting relief to taxpayers affected by rectifications . Interest under section 220(2) waived if demands are paid by December 31, 2025. Key details on rebate correction under section 87A explained

Posted in Income Tax | 2826 Views

Supreme Court Justice Criticizes Tax and Legal Mindset, Calls for Bold Reforms

23 September 2025 at 08:52

Supreme Court Justice Manmohan warns that India must reimagine outdated tax and legal systems to achieve its 2047 developed nation goal, stressing mindset change, simpler laws and modern reforms.

Posted in Income Tax | 2262 Views

GST 2.0 Rollout: FMCG and Consumer Goods Makers Announce Price Cuts, Upgrade Systems

23 September 2025 at 08:52

With GST 2.0 rollout, FMCG majors like ITC, Parle and Bisleri announce price cuts, system upgrades and trade schemes. Dual MRPs may appear during transition, but industry expects higher consumption this festive season.

Posted in GST | 393 Views

PM Modi pens letter to all citizens to celebrate GST Bachat Utsav

23 September 2025 at 08:52

Prime Minister Narendra Modi urges citizens to celebrate the ‘GST Bachat Utsav’ this festive season, highlighting how lower GST rates bring more savings for households and ease of business for traders.

Posted in GST | 249 Views

GST reform in Coal Sector - A Transformative Step Towards AatmNirbharta in Coal

23 September 2025 at 08:47

The Ministry of Coal has welcomed the landmark decisions taken at the 56th meeting of the GST Council held in New Delhi, which have brought significant changes to the taxation structure of the coal sector.

Posted in GST | 117 Views