CAclubindia News
CBDT Notifies Tax Exemption for District Legal Services Authorities in Haryana
15 July 2025 at 08:57CBDT notifies tax exemption under Section 10(46) for District Legal Services Authorities in Haryana for AY 2024-25 to 2028-29, covering income from grants, court orders, fees and bank interest.
UPI Data Leads to GST Crackdown: Karnataka Govt Issues Notices to 14,000 Traders
15 July 2025 at 08:47The Karnataka government has started using UPI data to identify GST evaders. Over 14,000 traders have received notices after exceeding the GST registration threshold.
Income Tax Department Cracks Down on Fake Deductions: Rs 1045 Crore Claims Withdrawn
15 July 2025 at 08:36The Income Tax Department has launched a massive verification drive targeting fraudulent ITR filings involving bogus deductions under sections 10(13A), 80GGC, 80D, 80G, and others.
J&K Government Makes GST-Linked Bank Accounts Mandatory for Contractor Payments
14 July 2025 at 09:04Jammu & Kashmir mandates all contractor payments be made to GSTIN-linked bank accounts to boost transparency, prevent revenue leakage and ensure compliance with GST norms.
Shipping Ministry Pushes for Tax Parity to Support Domestic-Flagged Vessels
14 July 2025 at 08:59The Shipping Ministry is seeking tax parity for Indian-flagged ships to boost their global competitiveness. A proposal is being discussed with the Finance Ministry to address high IGST, blocked GST credits and other levies.
GSTN Clarifies Table 12A Issue in GSTR-1 for B2C Transactions
14 July 2025 at 08:52Taxpayers with only B2C supplies face GSTR-1 Table 12A errors if left blank. Learn the workaround and upcoming system upgrades for smooth GST return filing.
Audit Timeline Extended for FY 2021-22 Under WBGST Act
12 July 2025 at 09:23West Bengal extends audit deadline under Section 65 of the WBGST Act for FY 2021–22. Audits now must be completed by August 22, 2025, or three months from commencement, whichever is later. Read full details here.
PAN, Aadhaar Misuse Triggers GST Notices: Rs 145 Crore Fraud Hits Rural Victims
12 July 2025 at 09:17Three individuals from Ajmer became unwitting victims in a Rs 145 crore GST fraud after their documents were misused to open fake firms in Mumbai. Transactions using their PANs and Aadhaar cards triggered GST notices and police inquiries.
CBDT Extends Tax Exemption Timeline for Sovereign Wealth and Pension Funds Till March 31, 2030
12 July 2025 at 08:55CBDT extends tax exemption deadline for SWFs and PFs under Section 10(23FE) to March 31, 2030, boosting long-term infrastructure investment in India.
DGGI Busts Rs 266 Crore GST Fraud Involving Six Shell Companies
12 July 2025 at 08:50DGGI Bengaluru Unit uncovers six shell companies with fraudulent invoices worth Rs. 266 crore involving Rs. 48 crore fraudulently claimed Input Tax Credit; mastermind arrested
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