CAclubindia News
ED Raids 8 Locations in Rs 730 Crore Fake GST Scam Linked to 135 Shell Firms
09 August 2025 at 08:59ED raids eight locations in Jharkhand, Kolkata, and Mumbai in a Rs 730 crore fake GST scam linked to 135 shell firms. Probe uncovers Rs 5,000 crore fake invoices amid rising ITC fraud cases.
Centre Plans Persuasion Strategy to Bring More Retail Traders Under GST
09 August 2025 at 08:55The Centre plans a persuasion-based approach to bring more traders under GST, avoiding backlash from aggressive state drives using UPI data, while focusing on awareness and formalisation of small businesses.
ITR-5 Excel Utility for AY 2025-26 Released
09 August 2025 at 08:42The Income Tax Department has released the Excel Utility of ITR-5 for the Assessment Year (AY) 2025-26.
Income Tax Bill 2025 Withdrawn, Fresh Version to Be Tabled in Lok Sabha on August 11
08 August 2025 at 17:15The government will introduce a fresh version of the Income Tax Bill, 2025 in Lok Sabha on August 11, replacing the earlier draft to incorporate Select Committee recommendations and avoid confusion from multiple versions.
CBIC Updates List of Authorised Officers for Food Imports Across 165 Locations
08 August 2025 at 09:08CBIC updates list of authorised officers and adds 6 new food import points under the FSS Act, bringing total to 165, to strengthen compliance and inspections.
Income Tax Bill, 2025 Likely to be Tabled in Parliament on 11th August 2025
08 August 2025 at 09:00Income Tax Bill, 2025 likely to be tabled on Aug 11 aims to replace 1961 Act with simpler, shorter law. Key changes include single tax year, digital compliance and reduced litigation
CGST Delhi South Commissionerate Uncovers Rs 16.30 Crore GST Evasion in 3 Firms, Key Accused Arrested
08 August 2025 at 08:49The CGST Delhi South Commissionerate has detected Rs 16.30 crore GST evasion in three manpower and facility management firms. A key director was arrested and remanded to judicial custody as investigations continue.
CBDT Grants Income Tax Exemption to Uttarakhand Pollution Control Board
08 August 2025 at 08:46CBDT grants income tax exemption to Uttarakhand Pollution Control Board from AY 2025-26 under Section 10(46A), recognising its role in environmental protection...
Ministry of Finance Appoints Solomon Arokiaraj as Member of IFSCA Authority
08 August 2025 at 08:42The Ministry of Finance has notified the appointment of Mr. Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA).
Accountant Hacks GST Portal of Greater Noida Firm, Steals Rs 1.80 Crore via Fake Invoices
07 August 2025 at 09:19Accountant in Greater Noida booked for siphoning off Rs 1.80 crore using fake GST invoices worth Rs 10 crore. Fraud detected during audit; FIR filed under cheating, forgery & cybercrime laws.
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