CAclubindia News

FM Urges Rural Banks to Boost Credit Disbursement for Agriculture and Allied Sectors

18 October 2025 at 07:15

Union Finance Minister Nirmala Sitharaman urges rural banks, including Karnataka Grameena Bank, to boost credit for agriculture, allied sectors and MSMEs, focusing on financial inclusion and rural economic growth

Posted in Community & General | 72 Views

CBI Recovers Assets Worth Crores from NHIDCL Executive Director in Assam Bribery Case

18 October 2025 at 07:15

CBI recovers cash, luxury vehicles, properties, and documents from NHIDCL Executive Director in Assam bribery case; accused remanded to 3 days police custody.

Posted in Community & General | 1446 Views

Excel Utilities for ITR-1 to 7 for AY 2023-24 Released as per Finance Act, 2025

18 October 2025 at 07:15

Income Tax Dept releases Excel Utilities for filing Updated Returns (ITR-1 to 7) for AY 2023-24 as per Finance Act, 2025. Download from e-Filing portal.

Posted in Income Tax | 186 Views

Centre Notifies PMLA Rule Changes Allowing Intermediaries to Upload KYC Data via KRAs

17 October 2025 at 09:34

Ministry of Finance notifies new PMLA rules allowing SEBI-registered intermediaries to upload and update KYC data via KRAs or directly on the CKYC Registry, streamlining compliance and data sharing.

Posted in Community & General | 453 Views

GSTN Issues Detailed FAQs on GSTR-9/9C for FY 2024-25

17 October 2025 at 09:28

GSTN enables GSTR-9 and GSTR-9C for FY 2024-25. Read key highlights from the latest FAQs clarifying ITC reporting, table-wise changes, late fee calculation, and new Excel utilities for annual return filing.

Posted in GST | 3759 Views

ICAI Invites Comments on Exposure Drafts of New Standards on Internal Audit (SIAs)

17 October 2025 at 05:42

ICAI's Internal Audit Standards Board invites comments on Exposure Drafts of new Standards on Internal Audit (SIAs) and Quality Standards (QSIAs). Last date to submit feedback: October 23, 2025.

Posted in Audit | 795 Views

CGST Chennai Busts Rs 10.64 Crore Fake GST Invoice Racket

17 October 2025 at 05:42

CGST Chennai North busts a Rs 10.64 crore fake GST invoice racket linked to M/s MKN Enterprises. Two arrested for passing on bogus Input Tax Credit worth Rs 59 crore. Investigation reveals links to over 90 fake entities across Chennai.

Posted in GST | 684 Views

Centre Uses Quick Commerce Data to Track GST Rate Pass-Through to Consumers

17 October 2025 at 05:42

The Centre is using real-time data from Blinkit, Swiggy Instamart, Zepto, and other quick commerce platforms to ensure GST rate cuts are passed on to consumers. Around 90% of the benefits have been reflected in lower retail prices, say officials.

Posted in GST | 1071 Views

ICAI Requests CBIC to Extend GSTR-3B Filing Due Date for September 2025 Amid Diwali Festivities

16 October 2025 at 15:18

ICAI President CA Charanjot Singh Nanda has requested CBIC to extend the GSTR-3B filing deadline for September 2025 by one week due to Diwali celebrations and recent GST rate changes.

Posted in GST | 4206 Views

CBI Arrests CGST Superintendent in Nashik for Accepting Rs 5 Lakh Bribe

16 October 2025 at 09:28

CBI arrests CGST Superintendent in Nashik for accepting Rs 5 lakh bribe. Searches recover Rs 19 lakh cash and documents. Accused remanded to police custody till October 17, 2025.

Posted in GST | 1161 Views