CAclubindia News
Rising Incomes, GST Rationalisation Fuel Rural Consumption Revival in 2025
16 December 2025 at 06:51India’s rural economy recorded a strong recovery in late 2025, driven by higher consumption, rising incomes, GST rate rationalisation and easing inflation, according to NABARD’s latest Rural Economic Conditions and Sentiments Survey.
State GST Launches 10-Day Drive to Clear Pending GSTR-3B Returns
16 December 2025 at 06:51The State GST department has launched a 10-day special drive across the Chhatrapati Sambhajinagar Zone to clear pending GSTR-3B returns of over 8,600 taxpayers, aiming to recover Rs 47.63 crore in SGST and improve compliance.
ICAI Clears Advertising for CA Firms, Approves Global Networking Rules; UDIN Crosses 10 Crore
15 December 2025 at 09:27ICAI announces landmark reforms allowing advertising by CA firms, approves global networking guidelines and reports UDIN crossing 10 crore.
IndiGo Faces Rs 58.75 Crore GST Penalty Notice Amid Ongoing Flight Disruptions
15 December 2025 at 06:44IndiGo has received a Rs 58.75 crore GST penalty notice for FY21 from the Delhi South CGST Commissionerate. The airline says the order is flawed, will challenge it legally, and expects no impact on operations or financials.
No Post-GST Compensation for Karnataka, Finance Ministry Tells Parliament
15 December 2025 at 06:44The Union Finance Ministry has ruled out any new GST compensation mechanism for Karnataka, citing strong growth in GST collections and rising central fiscal transfers, even as the State faces challenges in stamp duty and registration revenues.
Supreme Court Denies 40% Tax Deduction to Statutory Corporations on Non-Lending Income
15 December 2025 at 06:44Supreme Court rules that statutory corporations cannot claim the 40% tax deduction under Section 36(1)(viii) on income from dividends, deposits, or service charges, limiting the benefit strictly to profits derived from long-term financing activities.
CBDT Nudges Taxpayers to Withdraw Bogus Donation Claims Using Data-Driven Tax Scanner
15 December 2025 at 06:44CBDT has launched a data-driven NUDGE campaign to curb bogus tax deductions under Sections 80G and 80GGC.
ICAI Announces December 2025 Convocation Schedule Across Major Indian Cities
13 December 2025 at 16:49The Institute of Chartered Accountants of India (ICAI) has announced the December 2025 Convocation schedule. Members enrolled between 16 July and 30 Nov 2025 and CA Final rank holders of Sept 2025 will be felicitated across multiple cities in India.
ICSI Introduces Fast-Track Support for MCA21 V3 E-Filing Issues Pending Over 7 Days
13 December 2025 at 09:19ICSI launches fast-track support for MCA21 V3 e-filing issues, offering a dedicated email, helpline and Google Form for tickets pending over 7 days.
Chartered Accountants Praised for Strengthening GST Framework at ICAI Pune Event
13 December 2025 at 06:51At an ICAI national GST conference in Pune, CGST chief Mayank Kumar said chartered accountants have played a crucial role in GST’s successful implementation and urged them to curb rising ITC irregularities.
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