CAclubindia News

GST 2.0 Takes Shape: Industry Seeks Rate Rationalisation and ITC Reforms in Budget 2026

20 December 2025 at 07:23

GST 2.0 gathers momentum as industry looks to Budget 2026 for rate rationalisation, ITC reforms, petroleum inclusion and relief on inverted duty refunds.

Posted in GST | 759 Views

Income Tax Department Tracks High-Value Transactions of Non-Filers Using NMS

20 December 2025 at 07:22

Income Tax Department uses NMS, AIS and data analytics to track high-value transactions of non-filers and nudge taxpayers towards voluntary ITR compliance.

Posted in Income Tax | 1590 Views

ITAT Delhi Grants Major Relief to Taxpayer in Section 14A Dispute Over Tax-Free Income

20 December 2025 at 07:20

ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.

Posted in Income Tax | 1032 Views

Income Tax Department Flags Transaction Mismatch, Urges Taxpayers to Review AIS Before 31st Dec

19 December 2025 at 09:37

Income Tax Department has sent advisory alerts to taxpayers over ITR-AIS mismatch. Review AIS, revise or file belated return by Dec 31, 2025.

Posted in Income Tax | 2097 Views

ICAI Reduces Verification & Certified Copy Fees for CA Exams Ahead of January 2026 Results

19 December 2025 at 09:27

ICAI has reduced fees for verification and certified copies of CA exam answer books. New charges apply for Foundation, Intermediate, Final & PQC exams from Jan 2026 results.

Posted in Students | 3066 Views

Parliament Enacts Health Security se National Security Cess Act to Fund Security, Public Health

19 December 2025 at 07:01

Parliament has enacted the Health Security se National Security Cess Act, 2025, introducing a machine-based cess on specified goods to fund national security and public health.

Posted in Others | 207 Views

Taxpayers Get 31st Dec Deadline: Undisclosed Property, Bank Deposits Under Scanner

19 December 2025 at 07:01

Income Tax Dept detects large-scale under-reporting of property and cooperative bank transactions under SFT. Taxpayers get time till December 31 to file corrected returns.

Posted in Income Tax | 1350 Views

Lok Sabha Passes Insurance Law Amendment Bill 2025

19 December 2025 at 07:01

Lok Sabha passes Insurance Law Amendment Bill 2025 allowing 100% FDI in insurance, strengthening IRDAI powers, boosting competition, capital inflows and policyholder protection.

Posted in Corporate Law | 258 Views

No New GoM on GST Revenue Losses Yet, Says FM Sitharaman

18 December 2025 at 06:55

No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.

Posted in GST | 1311 Views

GST Rate on Apparel Rationalised; 18% Tax for Garments Above Rs 2500

18 December 2025 at 06:54

GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.

Posted in GST | 297 Views