CAclubindia News

Hospitality Sector Urges Govt: 5% GST With ITC Needed for Sustainability

26 September 2025 at 09:08

HRAWI urges the government to rationalise GST for hotels and restaurants, proposing 5% GST with ITC or 18% GST with partial ITC to balance consumer benefits with industry sustainability and reduce operational costs.

Posted in GST | 1872 Views

CAG and CBDT Sign MoU to Enhance Training, Research and Data-Driven Audits

26 September 2025 at 09:00

The CAG and CBDT have signed an MoU to collaborate on training, research, and AI-driven audits, focusing on capacity building, GST audits, and governance reforms.

Posted in Income Tax | 1554 Views

Finance Ministry Extends Validity of Key Customs Duty Exemptions Until 2027

26 September 2025 at 08:54

The Finance Ministry, via Notification No. 40/2025-Customs, has extended the validity of key customs duty exemptions until September 30, 2027, while phasing out some from September 2025.

Posted in Custom | 246 Views

GSTN Advisory: File Pending Returns Before 3-Year Deadline Ends by Oct 31, 2025

26 September 2025 at 08:48

Taxpayers must file pending GST returns before October 31, 2025, as per Finance Act 2023. After three years from the due date, filing will be permanently barred.

Posted in GST | 2535 Views

CBDT Extends Tax Audit Report Filing Due Date for AY 2025-26 to 31st October 2025

25 September 2025 at 16:09

CBDT has extended the due date for filing Tax Audit Reports for Assessment Year 2025-26 from September 30 to October 31, 2025, providing relief to taxpayers and professionals.

Posted in Income Tax | 1 comments | 15480 Views

FM Nirmala Sitharaman Launches GST Appellate Tribunal

25 September 2025 at 09:32

Union Finance Minister Smt. Nirmala Sitharaman launched the GSTAT) in New Delhi, introducing a digital-first, nationwide forum for resolving GST disputes.

Posted in GST | 3420 Views

Ayodhya Farmer Faces Fake GST and Income Tax Notices for Crores, PAN Misuse Suspected

25 September 2025 at 09:27

An Ayodhya farmer, owning just three bighas of land, received income tax and GST notices claiming turnovers of Rs 11.91 crore due to alleged PAN misuse. Authorities are investigating and coordinating between GST and I-T departments to trace the culprits.

Posted in GST | 1431 Views

IT Department Opposes Actor Vijay's Rs 1.5 Crore Penalty Challenge in Supreme Court

25 September 2025 at 09:16

The Income Tax Department opposed actor C. Joseph Vijay’s writ petition challenging a Rs 1.5 crore penalty for not voluntarily disclosing an additional Rs 15 crore income during FY 2015-16.

Posted in Income Tax | 2499 Views

Supreme Court Upholds Rs 8.59 Crore Service Tax Demand on Airports Authority of India

25 September 2025 at 09:06

The Supreme Court has upheld a Rs 8.59 crore service tax demand on the Airports Authority of India for fees collected from airlines, exporters, and cargo operators between 2003 and 2007, rejecting AAI’s appeal against the CESTAT ruling.

Posted in Income Tax | 252 Views