CAclubindia News
CBI Arrests CGST Superintendent and Inspector in Mumbai for Rs 25,000 Bribe Over GST Registration
09 October 2025 at 09:24The CBI has arrested a Superintendent and an Inspector of the CGST Santacruz Division, Mumbai, for allegedly demanding and accepting a Rs 25,000 bribe to facilitate GST registration for a textile firm.
GSTN Issues Clarification: No Change in ITC Auto-Population or GSTR-2B Generation Under IMS
09 October 2025 at 06:59GSTN clarifies that there is no change in ITC auto-population or GSTR-2B generation under the new IMS. The advisory also introduces a new Credit Note handling feature effective from October 2025 to enhance flexibility in ITC reversal.
Government Fixes Major Security Flaw in Income Tax Portal, Prevents Data Leak
09 October 2025 at 06:50Government averts massive data breach by fixing a security flaw in the Income Tax portal after researchers flagged an IDOR vulnerability exposing taxpayer data...
Supreme Court Clarifies Tax on Works Contracts: Printing Materials to Attract Trade Tax
09 October 2025 at 06:49SC verdict clarifies that goods used in executing printing contracts, including ink and chemicals, fall within the scope of taxable transfers under the U.P. Trade Tax Act, 1948.
GST 2.0 Reforms Boost India's Growth, World Bank Projects 6.5% GDP for FY26
09 October 2025 at 06:49The World Bank has revised India's GDP forecast for FY26 to 6.5%, citing strong domestic demand, rural recovery, and GST 2.0 reforms. Q1 FY26 GDP grew 7.8%, making India the fastest-growing major economy. U.S. tariffs could pose a risk in FY27.
CBDT Clarifies Gold Jewellery Limits: Pune Households Must Know
09 October 2025 at 06:49CBDT clarifies how much gold jewellery you can legally own without risking seizure during income tax searches. Learn safe limits for men, married and unmarried women in Pune, documentation rules for excess holdings, and tax implications when selling gold.
CBIC introduces system-based auto-approval for IFSC code registration to enhance Ease of Doing Business
08 October 2025 at 07:09CBIC introduces system-based auto-approval for IFSC code registration under IEC to streamline Customs procedures, eliminate manual intervention, and ensure faster credit of export incentives enhancing ease of doing business and trade efficiency in India.
GST Marks 8 Years of Transformative Journey: Key Insights from the Official Statistical Report
08 October 2025 at 06:40As GST marks its 8th anniversary, the GST Network (GSTN) releases "8 Years of GST: Years of Commitment," a detailed report showcasing India’s progress under the tax reform.
ICAI Invites Empanelment of Members to Act as Observers for CA Exams January 2026
08 October 2025 at 06:40ICAI has invited empanelment of members to act as Observers for the Chartered Accountants Examinations, January 2026. Eligible members can apply online from October 8 to November 7, 2025, and will receive an honorarium of Rs 3750 per day.
GST Reduction Boosts Auto Sales, Consumers in Food and Medicine Categories See Limited Relief
08 October 2025 at 06:40While GST rate cuts boost auto sales, only a fraction of consumers benefit in packaged foods and medicines. LocalCircles urges govt action to ensure full pass-through.
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