CAclubindia News


Government Notifies New Drug Prices: NPPA Clarifies GST Applicability on 11 Formulations

   01 December 2025 at 06:46

The 28th November NPPA notification introduces updated retail prices for 11 new drugs under DPCO 2013. The order mandates compliance, GST conditions, and revised price-list submissions.

Posted in GST |   363 Views


GSTN Alert: Update Bank Details by 2nd Dec or Risk Suspension

   01 December 2025 at 06:46

GSTN has issued a crucial alert asking taxpayers to update their bank details on the GST portal by 2nd December 2025. Failure to comply may lead to automatic suspension of GST registration.

Posted in GST |   2019 Views


GST Cut Boosts Economic Momentum: E-Way Bills Jump 14.4%, PMI Hits Multi-Month High

   29 November 2025 at 06:54

India's economic activity strengthened post-GST reduction, with e-way bills up 14.4%, GST collections rising 9%, and manufacturing and services PMIs signalling strong expansion, the Finance Ministry reported.

Posted in GST |   1020 Views


Supreme Court Rules PAN Not Mandatory for DTAA Benefits: TDS Capped at 10% for Foreign Payments

   29 November 2025 at 06:17

Supreme Court rules that PAN is not mandatory to apply DTAA benefits, holding that TDS on foreign payments cannot exceed 10% even if PAN is not provided.

Posted in Income Tax |   2463 Views


Former GST Assistant Commissioner Gets 5 Years Jail in Rs 10 Crore Bribe Case

   29 November 2025 at 06:17

A special ACB court has sentenced former GST Assistant Commissioner Ashok Nayak to five years in jail for demanding a Rs 10 crore bribe to settle an ED case.

Posted in GST |   600 Views


CBDT Issues New Procedure for MAP Cases With Pending Appeals Before CIT(A)

   29 November 2025 at 06:17

CBDT issues new MAP guidelines directing CIT(A) to provide withdrawal intimation for pending appeals, enabling faster implementation of MAP resolutions.

Posted in Income Tax |   11175 Views


Chennai CCB Arrests Key Accused in Rs 1.74 Crore GST Fraud After Two Years on the Run

   28 November 2025 at 06:22

The CCB in Chennai has arrested a 30-year-old absconding accused in a Rs 1.74 crore GST fraud case involving a fake company created using stolen PAN-Aadhaar details.

Posted in GST |   369 Views


CBI Recovers Over Rs 1 Crore in Raids Linked to ITAT Jaipur Appeal-Fixing Syndicate

   28 November 2025 at 06:22

CBI busts a bribery syndicate involving ITAT Jaipur officials, arresting a Judicial Member and Advocate and seizing over Rs 1 crore in cash during multi-city raids.

Posted in Income Tax |   4680 Views


CBDT Notifies Tax Exemptions for Odisha PCB, Haryana Technical Education Board & Odisha RERA Under Section 10

   28 November 2025 at 06:22

CBDT notifies SPCB Odisha, HSBTE Panchkula and Odisha RERA for income-tax exemptions under Section 10, covering statutory fees, grants, and related revenues. Notifications apply retrospectively and prospectively from 2023-2029.

Posted in Income Tax |   144 Views


CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets

   28 November 2025 at 06:22

CBDT launches the 2nd NUDGE initiative, sending SMSs and emails from 28 Nov 2025 to taxpayers flagged for unreported foreign assets. Individuals are advised to review and revise ITRs by 31 Dec 2025 to avoid penalties.

Posted in Income Tax |   1398 Views



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