CAclubindia News
CBIC Issues Instructions to Streamline GST Registration Process and Curb Harassment
18 April 2025 at 10:33In a move aimed at striking a balance between facilitating genuine taxpayers and cracking down on fraudulent entities, the CBIC has issued Instruction No. 03/2025-GST to streamline the processing of GST registration applications.
Lok Sabha Panel Reviews Income Tax Bill 2025 Ahead of Monsoon Session
18 April 2025 at 08:41The Select Committee of the Lok Sabha on the proposed Income-Tax Bill, 2025 convened a crucial meeting today at Parliament House, New Delhi. Chaired by BJP Member of Parliament Baijayant Panda, the 31-member panel is actively reviewing the draft legi
Ice Cream Industry Appeals for GST Relief, Cites Nutrition and Affordability
18 April 2025 at 08:29In a creative pitch to reduce GST on ice cream from 18% to 5%, the Indian Ice-cream Manufacturers' Association quoted Steve Jobs and highlighted affordability, nutrition, and unfair tax comparisons with other dairy products
Nagpur Man Slapped with Rs 314 Crore Tax Notice in Rs 560 Crore Hawala Scam Probe
18 April 2025 at 08:27In a bizarre twist of events, Chandrashekhar Kohad, a petty contractor originally from Nagpur and currently living in Multai, Madhya Pradesh, has been served a staggering Rs 314 crore income tax demand - an amount he says he cannot even comprehend.
Income Tax Department Uses AI to Monitor High-Value Financial Transactions
17 April 2025 at 08:40The Income Tax Department is rapidly upgrading its surveillance and compliance ecosystem, powered by Artificial Intelligence (AI) and advanced data analytics. According to leading tax experts, the department's intensified focus on high-value transact
E-Way Bill Generation Hits Record 12 Crore in March, Signalling Robust FY25 Close
17 April 2025 at 08:24In a strong indication of buoyant year-end economic activity, e-way bill (EWB) generation surged to an all-time high of over 12 crore in March 2025, marking a significant 20% rise compared to the previous month.
ICAI Releases Admit Cards for CA Intermediate & Final May 2025 CA Exams
16 April 2025 at 16:53The Institute of Chartered Accountants of India (ICAI) has officially released the CA Admit Card 2025 for candidates appearing in the May 2025 session of the CA Intermediate and CA Final examinations.
GST Department Targets Restaurants Over Untaxed Packaging Charges
16 April 2025 at 08:40The GST department has reportedly issued summons to several restaurants listed on popular food delivery platforms such as Swiggy and Zomato.
Ministry of Finance Clarifies GST Applicability on Apartment Maintenance Charges Amid Resident Confusion
15 April 2025 at 07:29In response to mounting confusion among apartment dwellers and Resident Welfare Associations (RWAs) over GST applicability on monthly maintenance charges, the Ministry of Finance and Corporate Affairs has issued a detailed clarification.
Income Tax Department Reopens Past Assessment Cases in Crackdown on Fake Purchases and Bogus Invoices
15 April 2025 at 07:29In a renewed effort to tackle tax evasion, the Income Tax Department has initiated a fresh wave of reassessment proceedings targeting businesses suspected of inflating purchase entries to reduce their taxable profits.
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