CAclubindia News


CGST Delhi East Boosts GST Compliance in 2025 Registration Drive

   24 March 2025 at 08:38

CGST Delhi East Commissionerate encourages greater compliance and awareness among unregistered manufacturers and traders during GST Registration Campaign 2025

Posted in GST |   306 Views


DGGI cracks down on Offshore Online Money Gaming firms to curb Tax Evasion

   24 March 2025 at 08:34

DGGI blocks 357 websites/URLs of illegal/non-compliant offshore online money gaming entities

Posted in GST |   1248 Views


Centre's Push to Scrap 12% GST Slab Faces Resistance from States

   24 March 2025 at 08:34

Despite the Centre's push to simplify the GST structure by eliminating the 12% tax slab, the Group of Ministers (GoM) on GST rate rationalisation remains divided on the proposal.

Posted in GST |   1680 Views


Maharashtra Approves Tax Amnesty Scheme for PSUs, Aims to Recover Rs 8,000 Crore

   24 March 2025 at 08:34

In a significant move to resolve long-standing tax disputes, the Maharashtra Legislative Council on Thursday sanctioned a bill granting amnesty to PSUs of the Central and state governments for their tax dues to the Maharashtra government.

Posted in Income Tax |   684 Views


ICAI Extends 75% Fee Concession for CA Course Registrations in J&K, Ladakh, Andaman & Nicobar and Northeast

   22 March 2025 at 15:09

Renewal of 75% Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Union Territories of Jammu & Kashmir, Ladakh, Andaman & Nicobar Islands and for 8 North-Eastern States

Posted in Students |   3162 Views


ITAT Mumbai Rules: No Capital Gains Tax on Co-Owner Without Beneficial Interest

   22 March 2025 at 08:49

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has ruled that an individual listed as a co-owner of a property without actual financial interest cannot be taxed for capital gains upon its sale.

Posted in Income Tax |   7719 Views


GSTN Glitch: Issues in Filing SPL-01/SPL-02 Applications Under Waiver Scheme

   22 March 2025 at 08:48

Grievances are raised by taxpayers regarding difficulties faced while filing the waiver applications. Following grievances faced by taxpayers have come to the notice of GSTN and the team is working to resolve the issues at the earliest

Posted in GST |   4803 Views


Income Tax Department Issues Notices to 300 Private Equity Firms Over Capital Gains Tax Evasion

   22 March 2025 at 08:46

In a major crackdown on tax evasion, the Income-Tax Department has issued notices to approximately 300 private equity (PE) firms and company promoters over alleged non-payment or underpayment of capital gains tax, according to a report.

Posted in Income Tax |   2442 Views


Over Rs 11.8 Trillion Stuck in Direct Tax Disputes, FM Tells Rajya Sabha

   21 March 2025 at 08:48

In a recent disclosure in Rajya Sabha, Finance Minister Nirmala Sitharaman revealed that a staggering Rs 17.59 trillion in tax revenue remains locked in litigation, with over 1.53 lakh cases pending across various judicial and quasi-judicial forums.

Posted in Income Tax |   1566 Views


Income Tax Bill 2025: AMT Expansion May Increase Tax Burden on LLPs and Partnership Firms

   21 March 2025 at 08:46

The Income-Tax Bill, 2025, has proposed significant changes to the alternative minimum tax (AMT) framework, potentially increasing the tax burden on partnership firms and limited liability partnerships (LLPs) with long-term capital gains (LTCG).

Posted in Income Tax |   3957 Views



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