CAclubindia News

ICAI Requests FM Sitharaman for Extension of Tax Audit Report Deadline to 31st December 2025

11 September 2025 at 10:06

ICAI requests extension of tax audit report filing deadline to 31st Dec 2025 due to operational challenges.

Posted in Income Tax | 102141 Views

CBIC Chairman Urges Outreach as Reduced GST Rates on 375 Items Take Effect from Sept 22

11 September 2025 at 09:30

CBIC Chief Sanjay Kumar Agarwal urged tax officers to ensure proactive outreach as reduced GST rates on 375 items take effect from Sept 22, aiming to support traders, MSMEs, and households in adapting smoothly to the new 5% and 18% two-tier structure.

Posted in GST | 1968 Views

GST on Paperboard Raised to 18%: Printers Warn of Impact on Students and Jobs

11 September 2025 at 09:26

The Offset Printers Association has urged Finance Minister Nirmala Sitharaman to roll back the GST hike on paper from 12% to 18%, warning it will raise textbook prices by 15%, burden families, and push small printing units toward closure.

Posted in GST | 1317 Views

FAIDA Warns GST Rate Cuts May Fail Consumers Without Clear Guidelines

11 September 2025 at 09:21

FAIDA has cautioned that recent GST rate cuts may not benefit consumers due to old MRPs, ITC blockages, and lack of clarity for distributors. The body urged the Finance Ministry to issue guidelines to prevent liquidity crises and ensure consumer welfare.

Posted in GST | 186 Views

Chartered Accountant Held for Passing Fake Invoices Worth Rs 11.72 Crore in GST Fraud

11 September 2025 at 09:13

CGST Palghar arrested CA Ritesh Padamchand Burad for a Rs 11.72 crore fake GST ITC scam involving bogus invoices and shell firms. He allegedly controlled invoicing, bank transactions, and earned commissions per deal.

Posted in GST | 2082 Views

GST Rate Cuts May Boost Consumption, Offset Rs 48,000 Crore Revenue Loss: CBIC Chairman

11 September 2025 at 09:06

CBIC Chairman Sanjay Agarwal said GST rate cuts could drive higher consumption and offset an estimated Rs 48,000 crore revenue loss if industries pass benefits to consumers.

Posted in GST | 195 Views

FM Says GST Slab Rationalisation was 18 Months in the Making, Not a Reaction to US Tariffs

11 September 2025 at 09:02

Finance Minister Nirmala Sitharaman said the GST slab rationalisation, reducing slabs to two and exempting health and life insurance, was 18 months in the making, not a reaction to US tariffs.

Posted in GST | 1407 Views

CBIC Chairman: No GST Cuts on Sin Goods, Single Rate Structure Possible in Future

11 September 2025 at 08:55

CBIC Chairman Sanjay Kumar Agarwal confirmed no GST cuts on sin goods, but hinted at future reforms toward a single standard GST rate.

Posted in GST | 1185 Views

ICAI Postpones CA Exams in Kathmandu Due to Protests, New Dates to Be Announced

11 September 2025 at 08:47

ICAI has postponed the CA Final and Intermediate exams scheduled for September 11–15, 2025, in Kathmandu due to protests. Revised dates will be announced soon. Other exam centres remain unaffected.

Posted in Students | 1311 Views

Poor Dhaba Cook Duped into Bank Fraud, Faces Rs 46 Crore Income Tax Notice

10 September 2025 at 09:24

A dhaba cook from Bhind, Madhya Pradesh, earning just Rs 10,000 a month, has been hit with a shocking Rs 46 crore income tax notice after being duped into opening a bank account linked to fraudulent transactions.

Posted in Income Tax | 1 comments | 6582 Views