CAclubindia News

Gujarat High Court Orders IT Refund to Ex-Serviceman on Disability Pension

12 December 2025 at 06:47

Gujarat High Court has ruled that disability pension is fully tax-exempt even for ex-servicemen who retire voluntarily.

Posted in Income Tax | 1023 Views

CBDT Issues Over 44,000 Alerts for Undisclosed Crypto Transactions

12 December 2025 at 06:47

CBDT issues over 44,000 notices for undisclosed crypto transactions as ED attaches Rs 4,189 crore. TDS collections on crypto double, revealing major compliance gaps.

Posted in Income Tax | 2190 Views

Centre Tightens GST E-Way Bill Rules After CAG Highlights Technical Loopholes

11 December 2025 at 09:17

Government acknowledges CAG-flagged deficiencies in the GST e-way bill system and outlines measures to stop multiple e-way bills, non-filer misuse and cancelled GSTIN issues.

Posted in GST | 36612 Views

GST Rates Reduced for Multiple Goods and Services: Centre Explains Rationale

11 December 2025 at 09:13

GST rate reduction approved across sectors to simplify taxes and boost ease of doing business. Govt outlines consultations and impact analysis.

Posted in GST | 456 Views

CBIC Confirms GST Rate Cut Benefits Reaching Consumers: Govt Issues Revised Pricing Orders

11 December 2025 at 09:13

The Finance Ministry has confirmed that GST rate reduction benefits from September 2025 are being passed on to consumers.

Posted in GST | 501 Views

GST Reforms Deliver Positive Impact: Collections Rise After New Two-Rate Structure

11 December 2025 at 07:01

The Finance Ministry has highlighted the impact of major GST reforms approved in 2025, including a new two-rate structure, GSTAT rollout, rate cuts on essential goods, and NIL GST on lifesaving medicines.

Posted in GST | 1290 Views

Centre Flags Alarming Rise in Fake GST Firms: Rs 58,772 Crore Detected in FY 2024-25

11 December 2025 at 07:00

The Finance Ministry has reported a sharp rise in GST evasion through fake invoicing and sleeping modules, with over 24,000 cases detected in FY 2025-26 and significant revenue losses

Posted in GST | 1422 Views

Income Tax Disputes Cross 5 Lakh Cases: Centre Shares Five-Year Pendency Data

11 December 2025 at 07:00

The Finance Ministry has released five-year data on income tax disputes, revealing over 5 lakh pending appeals and more than Rs 16 lakh crore locked in litigation across CIT(A), ITAT, High Courts and the Supreme Court.

Posted in Income Tax | 8712 Views

Rs 72.84 Lakh ITC Fraud: State Tax Dept Files FIR Against Fake Firm in Bareilly

11 December 2025 at 07:00

A major GST evasion racket has been exposed in Bareilly after tax officials detected a fake firm that caused a Rs 72.84 lakh revenue loss by generating bogus invoices and passing fraudulent IT

Posted in GST | 357 Views

Income Tax Act 2025: New ITR Forms to Be Issued Before 2027-28

10 December 2025 at 07:06

New ITR forms under the Income Tax Act, 2025 will be notified before FY 2027-28, the Finance Ministry confirmed. CBDT is simplifying ITR and TDS forms ahead of the new tax law effective April 1, 2026.

Posted in Income Tax | 2430 Views