CAclubindia News
GST Authorities Arrest Copper Wire Unit MD for Rs 35 Crore Tax Evasion in Chennai
25 November 2025 at 06:16CGST Chennai North arrests MD of a copper wire firm for Rs 34.81 crore GST evasion after uncovering unaccounted sales and incriminating digital and cash records.
Supreme Court Issues Notice on Plea Challenging Income Tax Exemption for Cash Political Donations up to Rs 2000
25 November 2025 at 06:16The Supreme Court has issued notice on a petition challenging Section 13A(d) of the Income Tax Act, which allows political parties to accept cash donations up to Rs 2,000 without revealing donor identity.
Insurance Reforms Get Big Push as Centre Moves to Raise FDI Cap to 100% in Winter Session of Parliament
25 November 2025 at 06:16India's Insurance Bill proposes raising FDI to 100%, introducing composite licences, and easing capital norms to boost growth and insurance penetration.
CBDT Releases Time Series Data for FY 2000-01 to FY 2024-25: Direct Tax Collections Jump to Rs 22.26 Lakh Crore
24 November 2025 at 06:57India's direct tax collections hit a record Rs 22.26 lakh crore in FY 2024-25 as per CBDT data, with the tax-to-GDP ratio rising to 6.73% and taxpayers exceeding 12 crore.
CBIC Clarifies Legality of Consolidated GST Demand Notices Across Multiple Financial Years
24 November 2025 at 06:21CBIC issues policy clarification confirming that consolidated GST demand notices for multiple financial years are legally valid under Sections 73 and 74 of the CGST Act.
Festive Retail Sales Rise 11% as GST Cuts Boost Value Shopping
24 November 2025 at 06:21India's retail sector reported 11% festive-period growth in 2025, with RAI attributing the rise to GST cuts, strong value-driven shopping, and robust demand across grocery, jewellery, footwear and QSR segments.
E-commerce Sector Seeks Urgent Clarity on New GST Rules for Local Delivery Services
24 November 2025 at 06:21E-commerce and logistics sector has sought urgent clarification from the Finance Ministry after GST Notification 17/2025 created confusion over the tax treatment of local delivery and GTA services, affecting MSMEs, platforms, and logistics operators.
GST Collections Could Hit Rs 4-5 Lakh Crore Monthly if Loopholes Plugged: SBI Chief Economic Advisor
24 November 2025 at 06:21India’s GST revenues could rise to Rs 4-5 lakh crore a month if loopholes are plugged, SBI's Chief Economic Advisor said, noting strong growth from Rs 1 lakh crore to over Rs 2 lakh crore monthly collections in five years.
Ambur Senior Citizen's Bank Account Frozen Over Rs 1 Crore GST Fraud, Pension Halted Since 2023
24 November 2025 at 06:21An Ambur senior citizen claims his bank account was frozen over Rs 1 crore GST fraud committed using his Aadhaar, leaving him unable to access his only pension income.
ICAI Hails SC Verdict Granting Equal Eligibility of 10 Years to CAs and Advocates for ITAT Roles
22 November 2025 at 10:00Supreme Court strikes down the 25-year experience rule, allowing Chartered Accountants with 10 years' practice to qualify for ITAT Accountant Member posts.
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