CAclubindia News

CBDT Extends Tax Audit Report Filing Due Date for AY 2025-26 to 31st October 2025

25 September 2025 at 16:09

CBDT has extended the due date for filing Tax Audit Reports for Assessment Year 2025-26 from September 30 to October 31, 2025, providing relief to taxpayers and professionals.

Posted in Income Tax | 1 comments | 15171 Views

FM Nirmala Sitharaman Launches GST Appellate Tribunal

25 September 2025 at 09:32

Union Finance Minister Smt. Nirmala Sitharaman launched the GSTAT) in New Delhi, introducing a digital-first, nationwide forum for resolving GST disputes.

Posted in GST | 3369 Views

Ayodhya Farmer Faces Fake GST and Income Tax Notices for Crores, PAN Misuse Suspected

25 September 2025 at 09:27

An Ayodhya farmer, owning just three bighas of land, received income tax and GST notices claiming turnovers of Rs 11.91 crore due to alleged PAN misuse. Authorities are investigating and coordinating between GST and I-T departments to trace the culprits.

Posted in GST | 1374 Views

IT Department Opposes Actor Vijay's Rs 1.5 Crore Penalty Challenge in Supreme Court

25 September 2025 at 09:16

The Income Tax Department opposed actor C. Joseph Vijay’s writ petition challenging a Rs 1.5 crore penalty for not voluntarily disclosing an additional Rs 15 crore income during FY 2015-16.

Posted in Income Tax | 2403 Views

Supreme Court Upholds Rs 8.59 Crore Service Tax Demand on Airports Authority of India

25 September 2025 at 09:06

The Supreme Court has upheld a Rs 8.59 crore service tax demand on the Airports Authority of India for fees collected from airlines, exporters, and cargo operators between 2003 and 2007, rejecting AAI’s appeal against the CESTAT ruling.

Posted in Income Tax | 177 Views

Banking System Liquidity Slips Into Deficit on Advance Tax and GST Outflows

25 September 2025 at 09:02

India's banking system slipped into a liquidity deficit of Rs 31,986 crore on the back of advance tax and GST outflows, RBI data showed.

Posted in GST | 357 Views

Automated GST Registration for Low-Risk Applicants from 1st Nov 2025

25 September 2025 at 08:59

From November 1, 2025, low-risk applicants with GST liability below Rs 2.5 lakh per month will get automated GST registration within three working days.

Posted in GST | 10038 Views

CBIC Orders Price Monitoring to Ensure GST Cut Benefits Consumers

25 September 2025 at 08:55

The CBIC has asked officials to track brand-wise prices of food, toiletries, medicines, and durables before and after the September 22 GST cuts. Field officers will also monitor e-commerce sites to ensure consumers fully benefit from lower tax rates.

Posted in GST | 1356 Views

GSTN Enables GST Payments via UPI and Debit/Credit Cards in 26 States

25 September 2025 at 08:50

Taxpayers can now pay GST through UPI and debit/credit cards across 26 states and UTs. The GSTN facility supports Rupay, MasterCard, Visa and Diners cards via major banks, making GST compliance faster and easier.

Posted in GST | 192 Views

Rajasthan HC Extends Tax Audit Report Deadline to 31st October, CBDT Notification Still Awaited

24 September 2025 at 14:24

The Rajasthan High Court has extended the Tax Audit Report deadline by one month, but taxpayers and professionals now await CBDT's official notification for nationwide clarity.

Posted in Income Tax | 10710 Views