CAclubindia News

CBIC Directs 90% Provisional Refunds to Ease Cash Flow Under Inverted Duty Structure

13 October 2025 at 06:35

The CBIC has directed tax officials to release 90% of GST refund claims on a provisional basis to address liquidity issues under the inverted duty structure, following the recent GST rate rationalisation.

Posted in GST | 405 Views

CAG Flags Systemic Gaps in E-Way Bill Mechanism Under GST

13 October 2025 at 06:34

A CAG audit has exposed serious deficiencies in the GST e-way bill system, including duplicate bill generation, invalid taxpayers using the portal, and weak validation controls, urging immediate corrective action.

Posted in GST | 1698 Views

Jamnagar Based CA Booked in Rs 560 Crore Fake Billing Racket

13 October 2025 at 06:34

The Gujarat SGST Department has booked Jamnagar-based CA Alkesh Pedhadiya for his alleged role in a Rs 560 crore fake billing racket involving Rs 112 crore fraudulent ITC claims through 14 bogus firms.

Posted in GST | 2682 Views

NITI Aayog Urges Decriminalisation of Minor Tax Offences Under New Income Tax Act, 2025

13 October 2025 at 06:34

NITI Aayog's new paper urges decriminalising minor offences under the Income-tax Act, 2025, to promote trust-based tax governance. Learn how the proposed reforms aim to simplify compliance and reserve prosecution only for serious tax evasion cases.

Posted in Income Tax | 303 Views

GST Officials Arrest Businessman in Rs 12 Crore Fake ITC Racket

13 October 2025 at 06:34

Assam GST officials arrest businessman Ujjwal Kumar Agarwal for a Rs 12 crore fake ITC racket linked to bogus billing and tax evasion through M/s BKS Enterprises.

Posted in GST | 243 Views

Centre Mulls Allowing Refund of Unutilised ITC on Capital Goods Under Inverted Duty Structure

13 October 2025 at 06:34

Centre considers allowing refunds of unutilised ITC on capital goods under GST’s inverted duty structure, aiming to ease liquidity and support manufacturers.

Posted in GST | 1 comments | 1353 Views

GSTN Issues Advisory for Taxpayers Facing Errors While Filing GSTR-7

11 October 2025 at 07:06

GSTN issues an advisory for taxpayers facing "System Failure" and "Schema Validation Failed" errors while filing GSTR-7. Learn the step-by-step solutions and alternate filing methods to ensure smooth GST compliance.

Posted in GST | 2676 Views

Infosys Clarifies No Tax Demand, Files Petition Against Rs 415 Crore DGGI Notice in High Court

11 October 2025 at 06:42

In response to recent media reports, Infosys Ltd. has clarified that there is no tax demand currently raised against the company and that a writ petition challenging the Directorate General of GST Intelligence's (DGGI) show-cause notice is pending be

Posted in GST | 1164 Views

ITAT Mumbai Quashes Rs 1 Crore Tax Demand Over TDS Mismatch, Reaffirms Protection Under Section 205

11 October 2025 at 06:42

ITAT Mumbai rules that TDS credit cannot be denied solely due to mismatch in Form 26AS; upholds Section 205 protection preventing double taxation and directs tax officers to rely on primary evidence.

Posted in Income Tax | 1617 Views

FHRAI Flags GST Burden on Hotels, Urges Restoration of ITC to Boost Hospitality Sector

11 October 2025 at 06:42

FHRAI President warns that the withdrawal of GST Input Tax Credit has increased costs for hotels, especially in Tier II and Tier III cities, urging the government to reinstate ITC and address copyright and compliance issues.

Posted in GST | 252 Views