CAclubindia News

State to Tighten GST Scrutiny After Rs 3000 Crore ITC Fraud Cases Surface

12 August 2025 at 08:52

State to intensify GST checks after Rs 3000 crore ITC frauds; high-turnover dealers face stricter registration, tighter monitoring and special audits.

Posted in GST | 210 Views

Excise & GST Teams Raid Over a Dozen High-End Salons in City for Alleged GST Evasion

12 August 2025 at 08:46

Excise & GST teams raid 12+ luxury salons in city over alleged 18% GST evasion; records seized, inspections to expand, penalties likely for violators.

Posted in GST | 156 Views

ICAI Expands Mandatory Scope of Audit Quality Maturity Model (AQMM) and Introduces Public Disclosure of AQMM Levels

12 August 2025 at 08:39

ICAI widens AQMM v2.0 scope from April 2026, adds more audit firms under mandatory compliance, and begins public disclosure of AQMM levels.

Posted in Audit | 756 Views

FM Sitharaman introduces Revised Income Tax (No. 2) Bill, 2025 in Lok Sabha

11 August 2025 at 15:13

The Income-tax (No. 2) Bill, 2025, introduced in Lok Sabha, proposes a comprehensive overhaul of India's direct tax laws from April 1, 2026, with simplified provisions, updated definitions, modern compliance and stronger anti-avoidance measures.

Posted in Income Tax | 7770 Views

Government Appoints 31 Technical Members (Centre) to State Benches of GST Appellate Tribunal

11 August 2025 at 09:08

Government appoints 31 retired and serving IRS officers as Technical Members (Centre) in state benches of GST Appellate Tribunal, effective September 1, 2025, to boost GST dispute resolution efficiency.

Posted in GST | 13539 Views

IT Department Charges Hyderabad Techies for Misusing ITR-U in Rs 2.22 Crore Fraud

11 August 2025 at 09:04

Hyderabad Income Tax Department prosecutes two IT professionals for Rs 2.22 crore tax fraud, alleging misuse of ITR-U facility to insert new bogus deductions after being flagged.

Posted in Income Tax | 37863 Views

GST Fraud of Rs 16 Crore: Aadhaar and PAN of Employees Used for Fake ITC

11 August 2025 at 08:58

Rs 16 Crore GST Evasion in Ballari Exposed; Shell Firms Operated with Forged Documents

Posted in GST | 1890 Views

Rajasthan Police Warns of Rising Online Frauds During ITR Filing Season

11 August 2025 at 08:52

Rajasthan Police warns of rising online scams during ITR filing season, with fraudsters using fake refund offers and phishing links to steal taxpayer data.

Posted in Income Tax | 282 Views

ICAI Issues Comprehensive Checklist for Certificates Issued by Chartered Accountants

11 August 2025 at 08:48

ICAI's Centre for Audit Quality issues an essential checklist for certificates by Chartered Accountants, ensuring compliance, accuracy and professional quality standards.

Posted in Audit | 33075 Views

ICAI Launches International ADR Centre to Promote Alternate Dispute Resolution in India

11 August 2025 at 08:42

ICAI launches the International ADR Centre to promote transparent, technology-enabled alternate dispute resolution mechanisms for commercial disputes in India.

Posted in Professional Resource | 1197 Views