CAclubindia News

EPFO Confirms 8.25% Interest on Provident Fund Deposits for FY25

27 May 2025 at 09:11

The Government of India has approved an interest rate of 8.25% on Employees' Provident Fund (EPF) deposits for the financial year 2024-25.

Posted in Corporate Law | 1914 Views

Gujarat GST Department Uncovers Rs. 15 Crore Tax Evasion in Manpower Services Sector

27 May 2025 at 09:07

The Gujarat State GST Department conducted a series of coordinated search operations on May 2, 2025, targeting seven manpower service providers operating across Mehsana, Ahmedabad and Junagadh districts.

Posted in GST | 681 Views

KYC Update in Bank Accounts to Get Simpler: RBI Draft Guidelines

26 May 2025 at 11:01

The Reserve Bank of India (RBI) has invited public and stakeholder feedback on a draft circular proposing revised guidelines for the updation and periodic updation of Know Your Customer (KYC) details.

Posted in Community & General | 966 Views

Ministry of Finance Hosts DRT-DRAT Colloquium to Boost Debt Recovery Mechanism

26 May 2025 at 09:27

Department of Financial Services (DFS), Ministry of Finance organises a colloquium of Chairpersons of Debt Recovery

Posted in Income Tax | 342 Views

Supreme Court Grants Relief to Paytm's First Games in Rs 5,712 Crore GST Dispute

26 May 2025 at 09:24

In a significant relief for Paytm-owned First Games, the Supreme Court of India has stayed proceedings related to a Rs 5712 crore GST notice issued by the DGGI, New Delhi.

Posted in GST | 2229 Views

RBI Eases Process to Reactivate Inoperative Bank Accounts and Claim Unclaimed Deposits

26 May 2025 at 09:16

The Reserve Bank of India (RBI) has released a draft circular titled "Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment), 2025", which proposes modifications to the earlier guidelines issued on January 1, 2024.

Posted in Community & General | 1827 Views

Relief for Arjun Rampal: Bombay HC Cancels Non-Bailable Warrant in 2019 Tax Evasion Case

24 May 2025 at 11:02

In a major relief for Bollywood actor Arjun Rampal, the Bombay High Court has overturned a non-bailable warrant issued against him in connection with a 2019 tax case.

Posted in Income Tax | 2004 Views

GST Officials Bust Multi-Crore Brick Trade Tax Evasion Racket, Two Arrested

24 May 2025 at 08:56

Sambhal Police and GST authorities have unearthed a large-scale GST evasion racket involving fake firms and fraudulent invoicing in the brick trade.

Posted in GST | 831 Views

Commercial Tax Department Unearths Rs 10 Crore Tax Evasion by Industrial Firm

24 May 2025 at 08:53

The Special Investigation Branch (SIB) of the Commercial Tax Department has uncovered a massive GST evasion case involving a firm operating in the Ghaziabad industrial area.

Posted in GST | 1 comments | 1860 Views

Supreme Court Rejects GST Department's Review Petition in Safari Retreats Case

23 May 2025 at 08:58

The Supreme Court of India has dismissed a review petition filed by the Chief Commissioner of Central Goods and Services Tax (CGST) against the 2024 judgment in the case involving Safari Retreats Private Limited.

Posted in GST | 5391 Views