CAclubindia News
27-Year-Old Accountant Held for Generating Fake GST Invoices Worth Rs 11 Crore
10 December 2025 at 06:44Delhi Police arrested a 27-year-old accountant for generating fake GST invoices worth Rs 11 crore and fraudulently claiming nearly Rs 2 crore in GST refunds. Investigation ongoing.
Delhi Police Bust Fake Police & IT Squad in 1 kg Gold Robbery
09 December 2025 at 06:45Delhi Police arrested five men running a fake police and bogus IT squad behind a 1 kg gold heist. In a separate action, police busted a phone-snatching racket linked to an international smuggling network.
FM Sitharaman: First Time in Independent India That Income Tax & GST Taxes Slashed Together
09 December 2025 at 06:45FM Nirmala Sitharaman says the Modi government has made history by cutting both direct and indirect taxes in the same year, an unprecedented step in independent India.
FM Sitharaman Says Customs Reform Is Next Big Focus After Income Tax & GST Overhaul
09 December 2025 at 06:45FM Nirmala Sitharaman says customs reform is the government's next big focus after GST and income tax overhaul. Rupee slide, inflation, and RBI's upgraded GDP forecast also discussed.
CGST Ludhiana Busts Rs 54 Crore GST Fraud: Fake Invoices Worth Rs 300 Crore Detected
09 December 2025 at 06:45CGST Ludhiana uncovers a Rs 54-crore GST fraud at a Mandi Gobindgarh iron and steel firm. Fake invoices worth Rs 300 crore detected; key person arrested. Probe ongoing.
Finance Ministry Extends Countervailing Duty on Tempered Glass Imports Till June 2026
09 December 2025 at 06:45India has extended the countervailing duty on Textured Tempered Glass imported from Malaysia until June 8, 2026. The move follows DGTR's sunset review to assess continued injury to domestic industry.
ICAI to Implement Income Tax Act, 2025 in CA Exams from May 2027 Onwards
08 December 2025 at 11:38ICAI has announced that the Income-tax Act, 2025 will be applicable in CA Intermediate, Final, and Self-Paced Module exams from May 2027. Students must prepare as per the new tax law for attempts after March 2027.
MoCA directs IndiGo to clear refunds, regulates airfare amid operational disruption
08 December 2025 at 06:37The Ministry of Civil Aviation issues strict directives to IndiGo to clear all pending refunds, cap airfares, and protect passengers amid operational disruptions. Full details on refunds, fare regulation and passenger support.
RBI Brings Repo Rate Down to 5.25% Amid Falling Inflation
08 December 2025 at 06:37RBI has cut the repo rate by 25 bps to 5.25% in the December 2025 MPC meeting, citing easing inflation and stable growth. The SDF stands at 5.00% and MSF/Bank Rate at 5.50%.
RBI Cuts Penal Interest on CRR, SLR Shortfalls as Bank Rate Reduced to 5.50%
08 December 2025 at 06:37RBI's latest circular reduces penal interest on CRR and SLR shortfalls following a 25 bps cut in the Bank Rate to 5.50%. The revised rates now stand at 8.50% and 10.50%.
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