CAclubindia News

E-Way Bills Touch Second-Highest Level in Two Years, Indicating Economic Momentum

14 January 2025 at 08:00

E-way bill generation by businesses in India reached its second-highest level in December 2024, marking a robust 17.6% year-on-year growth.

Posted in GST | 639 Views

ED Uncovers Rs 10,000 Crore Money Laundering Network Involving CAs and Hawala Operators

14 January 2025 at 08:00

In a major breakthrough, the Enforcement Directorate (ED) has uncovered a complex network of Chartered Accountants (CAs) and hawala operators accused of laundering over Rs 10,000 crore of black money out of India in recent years.

Posted in Professional Resource | 3576 Views

Tax Professionals Urge Govt to Enhance GST IMS for Better Compliance

14 January 2025 at 08:00

The body of tax professionals has called on the government to make the recently introduced Invoice Management System (IMS) on the Goods and Services Tax (GST) portal more user-friendly.

Posted in GST | 654 Views

ICAI Releases Schedule of May 2025 CA Exams

13 January 2025 at 13:12

The Institute of Chartered Accountants of India (ICAI) has officially announced the schedule for the May 2025 Chartered Accountants (CA) Examinations.

Posted in Students | 43056 Views

CA Claims to be Whistleblower in Torres Jewellery Fraud, Seeks Police Protection

13 January 2025 at 09:28

Days after Mumbai police initiated an investigation into the alleged multi-crore Torres Jewellery fraud case, Abhishek Gupta, a 31-year-old chartered accountant, has approached the Bombay High Court seeking police protection.

Posted in Audit | 4791 Views

Centre Releases Rs 1.73 Lakh Crore Tax Devolution to States for Development

13 January 2025 at 08:46

Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures

Posted in Income Tax | 477 Views

Kerala GST Department Introduces Common Adjudicating Authority for Multiple Show Cause Notices

13 January 2025 at 08:46

The Kerala GST department has announced a major relief for taxpayers dealing with multiple GST show cause notices (SCNs) issued across different districts.

Posted in GST | 384 Views

Income Tax Inspector Under CBI Lens for Alleged Bribery in DIT Relief Processing

13 January 2025 at 08:46

The Central Bureau of Investigation (CBI) has launched an investigation into allegations of corruption involving an income tax inspector from the International Taxation Circle, Mumbai, and an employee of a private shipping company.

Posted in Income Tax | 1953 Views

Simplified Income-Tax Act Set to Launch in Budget 2025

13 January 2025 at 08:46

The much-anticipated overhaul of the Income-Tax Act, 1961, is likely to be presented during the Budget session of Parliament on February 1, 2025.

Posted in Income Tax | 2376 Views

Garment Trade Associations Unite to Urge GoM Against GST Rate Revision

13 January 2025 at 08:46

In a landmark meeting, the CMAI, along with 14 prominent garment trade associations across India, joined forces under the banner of "One Industry, One Voice" to address pressing challenges facing the garment sector.

Posted in GST | 387 Views