CAclubindia News
NITI Aayog Urges Decriminalisation of Minor Tax Offences Under New Income Tax Act, 2025
13 October 2025 at 06:34NITI 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.
GST Officials Arrest Businessman in Rs 12 Crore Fake ITC Racket
13 October 2025 at 06:34Assam 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.
Centre Mulls Allowing Refund of Unutilised ITC on Capital Goods Under Inverted Duty Structure
13 October 2025 at 06:34Centre considers allowing refunds of unutilised ITC on capital goods under GST’s inverted duty structure, aiming to ease liquidity and support manufacturers.
GSTN Issues Advisory for Taxpayers Facing Errors While Filing GSTR-7
11 October 2025 at 07:06GSTN 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.
Infosys Clarifies No Tax Demand, Files Petition Against Rs 415 Crore DGGI Notice in High Court
11 October 2025 at 06:42In 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
ITAT Mumbai Quashes Rs 1 Crore Tax Demand Over TDS Mismatch, Reaffirms Protection Under Section 205
11 October 2025 at 06:42ITAT 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.
FHRAI Flags GST Burden on Hotels, Urges Restoration of ITC to Boost Hospitality Sector
11 October 2025 at 06:42FHRAI 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.
CJI Flags Rs 6.85 Lakh Crore in Pending Income Tax Disputes Before ITAT, Calls for Structural Reforms
11 October 2025 at 06:41Chief Justice of India B.R. Gavai highlights Rs 6.85 lakh crore pending tax disputes before ITAT, urges reforms in appointments, training and consistency to boost tribunal efficiency and credibility.
Kanpur Court Denies Bail to Chartered Accountant in Rs 79 Crore GST Evasion Case
11 October 2025 at 06:41A Kanpur court has rejected the bail plea of Haryana-based chartered accountant Lokesh Haseeja, accused of generating fake invoices and evading Rs 79.18 crore in GST along with an advocate and others.
CBIC Clarifies: Importers Must Register for GST in States Where Warehouses Are Located
11 October 2025 at 06:41CBIC clarifies that importers storing goods in warehouses located in another state must obtain separate GST registration there, even if the facility is operated by a third party.
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