CAclubindia News

Ministry of Finance Hosts DRT-DRAT Colloquium to Boost Debt Recovery Mechanism

26 May 2025 at 09:27

Department of Financial Services (DFS), Ministry of Finance organises a colloquium of Chairpersons of Debt Recovery

Posted in Income Tax | 318 Views

Supreme Court Grants Relief to Paytm's First Games in Rs 5,712 Crore GST Dispute

26 May 2025 at 09:24

In a significant relief for Paytm-owned First Games, the Supreme Court of India has stayed proceedings related to a Rs 5712 crore GST notice issued by the DGGI, New Delhi.

Posted in GST | 2169 Views

RBI Eases Process to Reactivate Inoperative Bank Accounts and Claim Unclaimed Deposits

26 May 2025 at 09:16

The Reserve Bank of India (RBI) has released a draft circular titled "Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment), 2025", which proposes modifications to the earlier guidelines issued on January 1, 2024.

Posted in Others | 1752 Views

Relief for Arjun Rampal: Bombay HC Cancels Non-Bailable Warrant in 2019 Tax Evasion Case

24 May 2025 at 11:02

In a major relief for Bollywood actor Arjun Rampal, the Bombay High Court has overturned a non-bailable warrant issued against him in connection with a 2019 tax case.

Posted in Income Tax | 1935 Views

GST Officials Bust Multi-Crore Brick Trade Tax Evasion Racket, Two Arrested

24 May 2025 at 08:56

Sambhal Police and GST authorities have unearthed a large-scale GST evasion racket involving fake firms and fraudulent invoicing in the brick trade.

Posted in GST | 651 Views

Commercial Tax Department Unearths Rs 10 Crore Tax Evasion by Industrial Firm

24 May 2025 at 08:53

The Special Investigation Branch (SIB) of the Commercial Tax Department has uncovered a massive GST evasion case involving a firm operating in the Ghaziabad industrial area.

Posted in GST | 1 comments | 1794 Views

Supreme Court Rejects GST Department's Review Petition in Safari Retreats Case

23 May 2025 at 08:58

The Supreme Court of India has dismissed a review petition filed by the Chief Commissioner of Central Goods and Services Tax (CGST) against the 2024 judgment in the case involving Safari Retreats Private Limited.

Posted in GST | 4932 Views

Pan-India GST Drive Launched to Curb Evasion, Formalise Informal Economy: Sources

23 May 2025 at 08:54

The Government of India has launched a nationwide GST outreach campaign, instructing CBIC field formations to identify and onboard unregistered businesses across sectors.

Posted in GST | 1986 Views

From ICAI to Tesla: CA Vaibhav Taneja Bags $139 Million, Tops Global Pay Charts in 2024

22 May 2025 at 09:46

In a remarkable feat that underscores the rising influence of Indian talent in the global corporate sphere, Vaibhav Taneja, the Chief Financial Officer (CFO) of Tesla Inc., has emerged as the highest-paid Indian-origin executive in 2024.

Posted in Professional Resource | 13860 Views

CBIC Issues New Adjudication Framework for EOUs Involving Customs and Excise Duty Demands

22 May 2025 at 08:56

The Central Board of Indirect Taxes and Customs (CBIC) has issued a new notification [No. 35/2025 - Customs (N.T.)] outlining a clear adjudication structure for notices involving both customs and central excise duty.

Posted in Custom | 225 Views