CAclubindia News

Karnataka Commercial Taxes Dept Arrests Fake Bill Trader in Multi-Crore GST ITC Scam

27 August 2025 at 08:54

The Karnataka Commercial Taxes Department has arrested Bidar resident Rahul Kishan Rao Kulkarni in Hyderabad for creating fake GST registrations and issuing bogus invoices worth crores to facilitate fraudulent ITC claims.

Posted in GST | 510 Views

Finance Ministry Sets Up Forum for Pension Regulatory Coordination and Development

27 August 2025 at 08:51

The Finance Ministry has set up a Forum for Regulatory Coordination and Development of Pension Products to harmonize regulations, strengthen consumer protection and boost India’s pension market.

Posted in Others | 1449 Views

ICAI Convocation 2025: 13,737 Newly Qualified CAs Receive Membership Pan India

27 August 2025 at 08:42

ICAI held convocation ceremonies across 15 centers in India, conferring membership to 13,737 newly qualified Chartered Accountants. The event celebrated the achievements of new CAs, marking a significant milestone in their professional journey.

Posted in Students | 2208 Views

CBIC Urges Public to Avoid Speculation on GST Rates Ahead of Council Meeting

27 August 2025 at 08:40

CBIC cautions against premature speculation on GST rate changes. Official decisions to be announced after the GST Council meeting on September 3-4, 2025.

Posted in GST | 1365 Views

ICAI Releases CA Foundation, Intermediate & Final Admit Cards for September 2025 Exams

26 August 2025 at 10:23

The Institute of Chartered Accountants of India (ICAI) has officially released the admit cards for the upcoming Chartered Accountancy (CA) Foundation, Intermediate & Final exams scheduled for September 2025.

Posted in Students | 2001 Views

Chartered Accountant and his Associate Booked for Rs 217 Crore GST Scam Using Forged Signatures

26 August 2025 at 09:44

Navrangpura police have booked a chartered accountant and his associate in Ahmedabad for allegedly defrauding a businessman of Rs 217 crore through forged signatures and bogus GST transactions.

Posted in GST | 5400 Views

CBDT Panel Recommends Tougher Benami Law With Wider Data Access for IT Department

26 August 2025 at 09:38

Centre may tighten Benami law with Aadhaar, property, and vehicle data access for tax officials, stricter rules for shell firms and dummy directors.

Posted in Income Tax | 1494 Views

Centre Braces for Rs 40,000 Crore Revenue Loss as GST Overhaul Nears

26 August 2025 at 09:35

Centre braces for Rs 40,000 crore revenue loss as GST reforms shift to two slabs of 5% and 18%.

Posted in GST | 1371 Views

Income Tax Raids NGOs Across 6 States, Uncover Rs 800 Crore CSR Fund Misuse

26 August 2025 at 09:21

Income Tax raids on NGOs across 6 states expose Rs 800 crore CSR misuse and Rs 10,000 crore bogus remittances abroad; probe still underway.

Posted in Income Tax | 867 Views

GST Council May Roll Out New Rate Slabs by September 22, Ahead of Festive Season

26 August 2025 at 09:12

GST Council may roll out new two-slab GST rates around September 22 to boost festive demand, with cuts likely after its September 3-4 meeting.

Posted in GST | 2184 Views