CAclubindia News

ITAT Mumbai Quashes Rs 445 Crore Tax Demand Against Netflix India

01 November 2025 at 06:41

The ITAT Mumbai has quashed a Rs 445-crore transfer pricing demand against Netflix India, ruling that the company operates as a limited-risk distributor and not a content or technology provider.

Posted in Income Tax | 927 Views

CBIC Introduces Rs 1000 Fee for Electronic Applications Under New Customs Regulations 2025

01 November 2025 at 06:41

CBIC issues Notification No. 69/2025-Customs (N.T.) introducing a Rs 1,000 fee for electronic applications under the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025

Posted in Custom | 306 Views

CBIC Clarifies No Revision of Entry for Reversal of Benefits Under Certain Customs and Foreign Trade Schemes

01 November 2025 at 06:41

CBIC issues Notification No. 71/2025-Customs (N.T.) clarifying that no revision of entry will be made for cases where benefits under customs or foreign trade schemes are to be reversed, if a separate reversal procedure already exists.

Posted in Custom | 1128 Views

Navi Mumbai Income Tax Officer Duped of Rs 44 Lakh in Matrimonial Scam

01 November 2025 at 06:41

Navi Mumbai Income Tax Inspector loses Rs 44 lakh in a Shaadi.com matrimonial scam; Nerul Police register FIR against four accused.

Posted in Income Tax | 3915 Views

Former Customs Officer Held in Rs 27 Crore Hydroponic Marijuana Smuggling Case

01 November 2025 at 06:41

Delhi Police busted an international drug cartel, arresting a sacked customs officer with Rs 27 crore worth of hydroponic marijuana in Janakpuri.

Posted in Custom | 309 Views

Assistant CT & GST Officer Held in Odisha for Demanding Rs 12,000 Bribe to Waive Tax Penalty

31 October 2025 at 06:39

Odisha Vigilance caught Umakanta Mahakur, Assistant CT & GST Officer of Titlagarh, red-handed while accepting a Rs 12,000 bribe from a businessman to waive tax fines. Searches and further investigations are underway.

Posted in GST | 1632 Views

GSTN Introduces 'Import of Goods' Feature in IMS to Enhance Compliance Ease

31 October 2025 at 06:39

GSTN adds a new 'Import of Goods' feature to the Invoice Management System (IMS) from October 2025, allowing taxpayers to take action on Bills of Entry for imports and enhancing ITC accuracy.

Posted in GST | 1617 Views

GSTN Enables UPI and Card Payments for GST Across 27 States and UTs

31 October 2025 at 06:39

Taxpayers can now pay GST using UPI and Debit/Credit cards across 27 States and UTs. GSTN's new digital payment feature simplifies tax payments and promotes ease of compliance.

Posted in GST | 513 Views

Allahabad HC Orders Income Tax Dept to Pay Compensation After Seized Jewellery Stolen from Bank Locker

31 October 2025 at 06:39

The Allahabad High Court has ordered the Income Tax Department to compensate a taxpayer after jewellery worth over Rs 90 lakh, seized during a tax raid, was stolen from a bank locker where it was stored for safekeeping.

Posted in Income Tax | 321 Views

Finance Ministry Flags Downside Risks to Growth Amid Global Slowdown

31 October 2025 at 06:39

The Finance Ministry's September 2025 Economic Review warns that global uncertainties may dampen external demand, even as GST cuts, structural reforms, and strong domestic demand continue to support India’s growth momentum.

Posted in Community & General | 123 Views