CAclubindia News
GSTR-3A Notices Erroneously Issued to Cancelled Composition Taxpayers Under GST: GSTN Advisory
21 July 2025 at 08:57GSTN clarifies that GSTR-3A notices were mistakenly issued to some cancelled composition taxpayers due to a system glitch. Affected taxpayers with cancelled registrations before FY 2024-25 can ignore the notices. Technical fixes are underway.
GSTN to Reinstate Non-Editable Table 3.2 in GSTR-3B from July 2025
21 July 2025 at 08:49Starting July 2025, GSTN will make Table 3.2 of GSTR-3B non-editable, auto-populating inter-state supply details from GSTR-1, GSTR-1A, or IFF. Taxpayers must ensure accurate reporting to avoid discrepancies and filing issues.
Tax Department Urges Bengaluru Vendors Not to Avoid UPI Amid GST Notice Confusion
19 July 2025 at 07:44The Karnataka Commercial Tax Department clarified that GST notices are based on all types of payments, not just UPI, after small businesses in Bengaluru switched to cash-only transactions over tax fears.
Finance Ministry Grants IT Exemption to Andhra Pradesh Pollution Control Board for Specified Incomes
19 July 2025 at 07:12The Finance Ministry has notified tax exemptions under Section 10(46) of the Income Tax Act for Andhra Pradesh Pollution Control Board, applicable from AY 2022-2023 to AY 202-2027, covering specified income sources.
ICAI Leads Accounting Transformation with AI - Hosts AIS 2025 Innovation Summit
19 July 2025 at 06:43The Institute of Chartered Accountants of India (ICAI), the largest professional body of Chartered Accountants in the world, successfully inaugurated the highly awaited AI Innovation Summit - AIS 2025 at Buntara Bhavana in Pune.
New Income Tax Bill Seeks to End NPA Tax Disputes by Aligning with RBI Guidelines
19 July 2025 at 06:43The new Income Tax Bill proposes a clear definition of NPAs in line with RBI norms, aiming to resolve long-standing tax disputes and avoid litigation over the taxation of unrealised interest income.
GST Scam Busted: Hyderabad Firm Fakes Toy Trade to Illegally Avail Rs 6.25 Crore ITC
19 July 2025 at 06:43Hyderabad’s commercial tax department uncovers a fake GST racket by Bala Corporation, using bogus documents to wrongfully claim Rs 6.25 crore in input tax credit. Investigation and legal action underway.
Income Tax Department Releases Updated Common Offline Utility & Schema for Form 3CA-3CD and 3CB-3CD Filings
18 July 2025 at 10:25The Income Tax Department has released an updated version (1.4.0) of the common offline utility for filing Forms 3CA-3CD and 3CB-3CD under Section 44AB. Edge browser installation is mandatory for using the utility.
Income Tax Bill 2025: Parliamentary Panel Retains CA-Only Definition of 'Accountant'
18 July 2025 at 10:13The Parliamentary Committee on the Income-Tax Bill, 2025, has upheld the definition of 'accountant' to include only Chartered Accountants, excluding cost accountants and company secretaries.
Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025
18 July 2025 at 09:24The Select Committee of the 18th Lok Sabha has finalized the Income-Tax Bill, 2025, aiming to consolidate and reform India's direct tax structure.
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