CAclubindia News
Karnataka HC Slams Coercive GST Recovery, Directs Refund of Rs 10 Crore to Trader
03 December 2025 at 06:42Karnataka High Court orders refund of Rs 10 crore GST payment, ruling it was not voluntary but coerced during a 2023 raid. Court directs 6% interest on refund.
India Records Strong Fiscal Performance: Rs 12.74 Lakh Crore Tax Revenue, Higher State Transfers
03 December 2025 at 06:42ndia's fiscal update for April-October 2025 shows total receipts of Rs 18 lakh crore, tax devolution of Rs 8.34 lakh crore to states, and expenditure at Rs 26.25 lakh crore.
MCA Raises Small Company Thresholds: Paid-Up Capital Rs 10 Crore, Turnover Rs 100 Crore
02 December 2025 at 09:29MCA revises the definition of small company, raising paid-up capital limit to Rs 10 crore and turnover to Rs 100 crore under the Companies Act. Amendment effective December 1, 2025.
GST Reforms, Labour Codes and Tax Overhaul Power India's Growth: CEA Nageswaran
02 December 2025 at 08:03India’s structural reforms, stable inflation, and strong capex are boosting efficiency and growth, said CEA V Anantha Nageswaran, as agencies revise FY26 GDP outlook upward.
Supreme Court Slams Income Tax Department for Filing Frivolous SLP in a Settled Matter
02 December 2025 at 06:45The Supreme Court has slammed the Income Tax Department for filing a frivolous SLP in a settled case, warning against repetitive and wasteful litigation.
Manipur GST (Second Amendment) Bill, 2025 Tabled in Parliament
02 December 2025 at 06:45Parliament introduces Manipur GST Amendment Bill 2025 with new compliance measures, penalty norms, unique ID marking and retrospective GST clarifications.
Centre Introduces Health Security Se National Security Cess Bill 2025
02 December 2025 at 06:45The Centre has introduced the Health Security & National Security Cess Bill, 2025 to fund emergency health and national safety measures. Learn key provisions, cess structure, exemptions, and expected impact.
Centre Proposes Major Excise Duty Hike on Tobacco Products Under Central Excise (Amendment) Bill, 2025
01 December 2025 at 15:41The Central Excise (Amendment) Bill, 2025 proposes steep hikes in excise duty on cigarettes, tobacco and nicotine products as the GST compensation cess nears its end.
Gross GST Revenue Rises by 0.7% to Rs 1.70 Lakh Crore in November 2025
02 December 2025 at 06:45GST revenue for November 2025 rose to Rs 1.70 lakh crore, driven by a 10% surge in IGST from imports, even as domestic collections dipped. Year-to-date revenue shows strong 8.9% growth.
Reliance Industries Gets Rs 56.44 Crore GST Penalty u/s 74, To Appeal ITC Interpretation
01 December 2025 at 06:46RIL will challenge a Rs 56.44 crore GST order passed under Section 74, saying the department misinterpreted input tax credit provisions.
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