CAclubindia News
Centre's Retrospective GST Amendment May Face Legal Challenge in Supreme Court
12 February 2025 at 07:21The central government's move to retrospectively amend a section of the Goods and Services Tax (GST) Act in the Union Budget 2025-26 may face legal scrutiny, as a review petition related to the issue is expected to be heard by the Supreme Court
GST Evasion of Rs 1.88 Lakh Crore Detected by CGST Officers in April-Dec 2024
12 February 2025 at 07:21The Central Goods and Services Tax (CGST) officers detected GST evasion worth ₹1.88 lakh crore in 72,393 cases during April-December 2024, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on Monday.
ICAI Introduces Revised Merger and Demerger Guidelines 2024 for CA Firms
12 February 2025 at 07:14The Institute of Chartered Accountants of India (ICAI) has introduced the ICAI (Merger and Demerger of CA Firms) Guidelines, 2024, aimed at streamlining the process of firm mergers and demergers.
Centre Pushes for GST Rationalisation, States Yet to Reach Consensus
12 February 2025 at 07:14The Central government is accelerating efforts to simplify the Goods and Services Tax (GST) structure, but a lack of consensus among states is delaying the process.
Income Tax Department Launches New Tax Calculator as per Finance Bill 2025
12 February 2025 at 07:14The Income Tax Department of India has introduced a new Section 115BAC Tax Calculator in line with the provisions of the Finance Bill 2025.
CBDT Enhances Tax Compliance for Non-Residents: Form 49C Filing Rules Amended
12 February 2025 at 07:13The Central Board of Direct Taxes (CBDT) has issued Notification No. 14/2025, amending the Income-tax Rules, 1962, to enhance compliance and reporting requirements for non-resident entities operating liaison offices in India.
CBDT Grants Tax Exemption to Bhaikaka University for Scientific Research u/s 35(1)(ii) of IT Act 1961
12 February 2025 at 07:13The Central Board of Direct Taxes (CBDT) has granted approval to Bhaikaka University, Anand, Gujarat, for tax exemption under Section 35(1)(ii) of the Income-tax Act, 1961.
New Income Tax Bill to Simplify Tax Laws & Improve Compliance: Set for Parliamentary Review
11 February 2025 at 08:58The government is set to introduce a new Income Tax Bill aimed at simplifying tax laws, reducing compliance burdens, and modernizing tax administration. Union Finance Minister Nirmala Sitharaman is expected to present the bill this week, after which
E-Way Bill Generation Hits Record 118.15 Million in January 2025
11 February 2025 at 08:54The number of e-way bills generated in January 2025 reached an all-time high of 118.15 million, according to data from the Goods and Services Tax Network (GSTN), as reported by Informist.
DGGI Arrests Three for Rs 16.96 Crore Fake Invoice & ITC Fraud
11 February 2025 at 08:53DGGI, Bhubaneswar Zonal Unit, has arrested three individuals for their alleged involvement in issuing fake invoices and fraudulently passing on Input Tax Credit (ITC) amounting to Rs 16.96 crore without any actual supply of goods.
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