CAclubindia News

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 | 3033 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 | 1305 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 | 1311 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 | 1557 Views

India's GDP Grows 7.8% in Q1 FY26, Fastest Pace Since Q4 FY24

01 September 2025 at 09:15

India’s GDP grew 7.8% in Q1 FY26, the fastest in five quarters, led by manufacturing and services. Fiscal deficit, tariffs pose future challenges.

Posted in Community & General | 1272 Views

Centre Collects Rs 10.95 Lakh Crore in April-July FY26, Fiscal Deficit at 29.9%

01 September 2025 at 09:07

Centre collects Rs 10.95 lakh crore in April-July FY26, 31.3% of BE; infra push lifts capital spend to Rs 3.5 lakh crore, fiscal deficit at 29.9%.

Posted in Community & General | 105 Views

DGGI Detects Rs 140 Crore GST Evasion by Online Gaming Firm

01 September 2025 at 09:04

DGGI Ahmedabad uncovers Rs 140 crore GST evasion by an online gaming firm; 36 bank accounts attached, Rs 10.6 crore paid, Chinese links under probe.

Posted in GST | 309 Views

Supreme Court Quashes Prosecution, Fines IT Department Rs 2 Lakh for Ignoring CBDT Circulars

01 September 2025 at 09:01

Supreme Court quashes prosecution against Vijay Krishnaswami, slams Income Tax Department for ignoring CBDT circulars; imposes Rs 2 lakh cost.

Posted in Income Tax | 37701 Views

GST Intelligence Unit Cracks Down on Fake Invoices Worth Rs 145 Crore in Karnataka

01 September 2025 at 08:47

DGGI Belagavi busts fake GST invoice fraud worth Rs 145 crore with Rs 43 crore tax evasion; one accused arrested, shell firms and forged documents seized.

Posted in GST | 294 Views