CAclubindia News


CBIC to Launch Online Customs Refund System in a Month to Streamline Trade

   07 February 2025 at 09:02

The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce an online system for customs refunds within the next month, marking a significant step toward full digitization of customs processes in India.

Posted in GST |   1530 Views


GSTN Clarifies E-Way Bill Rules for Precious Metals & Stones Under Chapter 71

   07 February 2025 at 08:59

Clarification on E-Way Bill Requirement for Goods under Chapter 71

Posted in GST |   1662 Views


Sovereign Wealth Funds and Pension Funds to Benefit from Extended Tax Exemptions Until 2030

   07 February 2025 at 08:47

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget |   165 Views


Finance Bill 2025: Exemption from Prosecution for Delayed TCS Payment Introduced

   07 February 2025 at 08:47

The Finance Bill 2025 has introduced a crucial amendment to Section 276BB of the Income-tax Act, 1961, which pertains to the prosecution for failure to deposit Tax Collected at Source (TCS) with the Central Government.

Posted in Union Budget |   1872 Views


RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn

   07 February 2025 at 08:47

The Reserve Bank of India (RBI) has reported a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.

Posted in Others |   213 Views


Central GST Commissionerate Uncovers Rs 658.55 Crore Fake Invoice Racket

   07 February 2025 at 08:47

In a significant crackdown on GST fraud, the Central GST Itanagar Commissionerate has exposed a massive fake invoice racket involving Rs 658.55 crore in fraudulent transactions without any actual supply of goods.

Posted in GST  1 comments |   204 Views


Finance Ministry Directs Staff to Avoid AI Tools Like ChatGPT, DeepSeek Over Data Security Risks

   06 February 2025 at 09:02

The Finance Ministry has issued a directive prohibiting officers and staff from using AI tools such as ChatGPT and DeepSeek on office computers, citing risks to the confidentiality of government data and documents.In a note dated January 29, the Depa

Posted in Others |   1653 Views


Presumptive Tax Regime Introduced for Non-Residents in Electronics Sector

   06 February 2025 at 08:45

Scheme of presumptive taxation extended for non-resident providing services for electronics manufacturing facility  

Posted in Union Budget |   264 Views


Tax Relief for Non-Residents: Section 10 Amendment on Offshore Derivative Instruments in IFSC

   06 February 2025 at 08:45

Amendment of Section 10 related to Exempt income of Non-Residents

Posted in Union Budget |   990 Views


Tax Relief for Global Investors: India Extends SWF & PF Investment Deadline to 2030

   06 February 2025 at 08:45

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget |   162 Views