CAclubindia News
Businessman Arrested for Rs 17.48 Crore GST Evasion
04 October 2025 at 06:54Thane GST authorities arrest Chandan Lakhara, proprietor of Moon Trader, for tax evasion of Rs 17.48 crore. The businessman allegedly claimed bogus Input Tax Credit of Rs 8.74 crore, causing massive revenue loss.
GST 2.0: NCH Receives Nearly 4,000 Calls, 69% Report Consumer Grievances
03 October 2025 at 09:03The National Consumer Helpline has received 3,981 GST 2.0-related calls, with 69% being grievances. Key issues include milk pricing, electronic goods, LPG, and petrol. Nearly 2,000 cases have been forwarded to CBIC.
Govt Exempts IFSC Entities from Applicability of PFRDA Act Section 25
03 October 2025 at 06:26The Finance Ministry has notified that Section 25 of the PFRDA Act, 2013 will not apply to financial products, services, or institutions in IFSCs.
Shri Rajesh Agrawal assumes charge as Secretary, Department of Commerce
03 October 2025 at 06:26Shri Rajesh Agrawal, IAS (1994 Batch), has assumed charge as Secretary, Department of Commerce, Ministry of Commerce and Industry, in New Delhi
CBIC Joins Special Campaign 5.0: Focus on e-Waste Disposal, File Review & Cleanliness
03 October 2025 at 06:26CBIC is actively participating in Special Campaign 5.0 (Oct 2–31, 2025) with a focus on e-waste disposal, file review, grievance redressal, and workplace cleanliness.
CBIC Extends Timeline Under Sea Cargo Manifest and Transshipment Regulations to December 31, 2025
03 October 2025 at 06:26The CBIC has extended the deadline under the Sea Cargo Manifest and Transshipment Regulations, 2018 to December 31, 2025, through its latest amendment.
RBI Eases Compliance Rules for Exporters, Importers and Merchanting Traders
03 October 2025 at 06:26RBI relaxes trade compliance rules: MTT forex outlay extended to 6 months; simplified closure of small-value export & import bills for easier compliance.
RBI Monetary Policy: Repo Rate Steady at 5.5%, Neutral Stance Maintained
02 October 2025 at 08:37RBI MPC keeps repo rate unchanged at 5.5% in October 2025 policy review; neutral stance retained as inflation moderates and growth outlook remains resilient.
CGST Kanpur Organizes 'SAMVAD' to Discuss Next-Gen GST 2.0 Reforms
02 October 2025 at 08:25The Central Goods and Services Tax (CGST) department of Kanpur successfully organized 'SAMVAD' to discuss the Next-Gen GST 2.0 Reforms, bringing together key stakeholders from the industrial and trade community, tax professionals, and policymakers.
CBIC Withdraws Circular on Evidence Requirement for Supplier Discounts under GST
02 October 2025 at 08:19CBIC withdraws GST Circular No. 212/6/2024-GST on supplier compliance evidence under Section 15(3)(b)(ii) of CGST Act. New Circular No. 253/10/2025 eases compliance for discounts.
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