CAclubindia News

CBI Books IRS Officer, 6 CAs for Leaking Sensitive Faceless Assessment Data

08 February 2025 at 08:52

CBI on Thursday conducted searches across 18 locations nationwide after registering a case against an Indian Revenue Service (IRS) officer and several Income Tax (IT) officials for allegedly sharing sensitive data related to pending tax assessments

Posted in Income Tax | 2625 Views

GSTN Introduces State-Specific Information Tab in Rajasthan's GST Registration Process

08 February 2025 at 08:52

In a significant update to the Goods and Services Tax (GST) registration process, the GST Network (GSTN) has introduced a new "State-Specific Information" tab in the GST REG-01 application for new registrations in Rajasthan.

Posted in GST | 762 Views

CBIC to Launch Online Customs Refund System in a Month to Streamline Trade

07 February 2025 at 09:02

The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce an online system for customs refunds within the next month, marking a significant step toward full digitization of customs processes in India.

Posted in GST | 2022 Views

GSTN Clarifies E-Way Bill Rules for Precious Metals & Stones Under Chapter 71

07 February 2025 at 08:59

Clarification on E-Way Bill Requirement for Goods under Chapter 71

Posted in GST | 3066 Views

Sovereign Wealth Funds and Pension Funds to Benefit from Extended Tax Exemptions Until 2030

07 February 2025 at 08:47

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget & Policy | 498 Views

Finance Bill 2025: Exemption from Prosecution for Delayed TCS Payment Introduced

07 February 2025 at 08:47

The Finance Bill 2025 has introduced a crucial amendment to Section 276BB of the Income-tax Act, 1961, which pertains to the prosecution for failure to deposit Tax Collected at Source (TCS) with the Central Government.

Posted in Union Budget & Policy | 2292 Views

RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn

07 February 2025 at 08:47

The Reserve Bank of India (RBI) has reported a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.

Posted in Community & General | 519 Views

Central GST Commissionerate Uncovers Rs 658.55 Crore Fake Invoice Racket

07 February 2025 at 08:47

In a significant crackdown on GST fraud, the Central GST Itanagar Commissionerate has exposed a massive fake invoice racket involving Rs 658.55 crore in fraudulent transactions without any actual supply of goods.

Posted in GST | 1 comments | 516 Views

Finance Ministry Directs Staff to Avoid AI Tools Like ChatGPT, DeepSeek Over Data Security Risks

06 February 2025 at 09:02

The Finance Ministry has issued a directive prohibiting officers and staff from using AI tools such as ChatGPT and DeepSeek on office computers, citing risks to the confidentiality of government data and documents.In a note dated January 29, the Depa

Posted in Community & General | 2412 Views