CAclubindia News

GST 2.0 Fails to Ease Household Budgets: Families Report No Major Price Drop

12 November 2025 at 06:36

Nearly 50 days after GST 2.0 came into effect, consumers report little relief in grocery bills. Despite minor price drops in select items like toothpaste, chocolates, and soaps, household kitchen budgets remain largely unchanged under the new tax regime.

Posted in GST | 300 Views

CBDT Uncovers Rs 9169 Crore Political Donation Laundering Racket Involving CAs and RUPPs

12 November 2025 at 06:36

The CBDT has uncovered a Rs 9,169 crore political donation laundering racket involving Registered Unrecognised Political Parties (RUPPs), CAs and intermediaries who used fake receipts and cash refunds to evade taxes across two assessment years.

Posted in Income Tax | 4320 Views

President Droupadi Murmu Summons Winter Session of Parliament from December 1, 2025

12 November 2025 at 06:36

President Droupadi Murmu has summoned both Houses of Parliament, Lok Sabha and Rajya Sabha, to convene for the Winter Session in New Delhi on December 1, 2025, at 11 AM, as per official Gazette notifications issued on November 8, 2025.

Posted in Community & General | 1227 Views

FM Sitharaman Begins Pre-Budget Consultations for Union Budget 2026-27

12 November 2025 at 06:36

FM Sitharaman has kicked off pre-budget consultations for Union Budget 2026-27 with leading economists, industry representatives, and farmer unions. Discussions focused on tax reforms, MSME support, agricultural growth, and ease of doing business.

Posted in Union Budget & Policy | 1086 Views

CBDT Simplifies Process to Correct TDS, Interest and Refund Errors

11 November 2025 at 06:41

Taxpayers will now get faster refunds as CBDT authorizes CPC Bengaluru to correct TDS, TCS, and interest errors instantly under Section 154. The move eliminates long delays and improves tax transparency.

Posted in Income Tax | 5406 Views

GST Rate Cuts and Income Tax Relief to Drive India's FY26 Growth Beyond 6.8%, Says CEA

11 November 2025 at 06:41

India’s FY26 growth likely above 6.8%, says CEA; GST cuts, tax relief, and trade deal hopes lift economic outlook.

Posted in Income Tax | 1230 Views

Company Registrations Jump 26% in October; LLP Incorporations Rise 38% Amid GST Cuts and Growth Optimism

11 November 2025 at 06:41

MCA data shows company registrations up 26% and LLPs 38% in October, driven by GST cuts, festive demand, and strong economic growth.

Posted in Corporate Law | 567 Views

India Sets Benchmark in Fair Digital Taxation Frameworks: CBDT Joint Commissioner

11 November 2025 at 06:41

India's tax reforms from SEP to VDA taxation show global leadership in fair, transparent, and equitable digital economy taxation, says CBDT official.

Posted in Income Tax | 1734 Views

DGGI Arrests Chartered Accountant in Rs 325 Crore Fake Billing Case

10 November 2025 at 06:33

DGGI Bhubaneswar has arrested Mumbai-based chartered accountant Nilesh Yogesh Jigiwala for allegedly masterminding a Rs 325 crore GST fraud. He reportedly operated over 105 shell companies to generate fake ITC and help large firms claim illegal subsidies.

Posted in GST | 5121 Views

68 Year Old CA Falls Victim to Rs 1.5 Crore 'Digital Arrest' Scam Amid Cyber Awareness Drive

10 November 2025 at 06:33

A 68-year-old Chartered Accountant in Odisha lost Rs 1.5 crore to cyber fraudsters posing as ED and CBI officers, keeping him under a 10-day "digital arrest."

Posted in Community & General | 1896 Views