CAclubindia News

Retail Inflation Drops to Record Low of 0.25% in October after GST Rate Cuts

14 November 2025 at 06:38

India's retail inflation hit a record low of 0.25% in October 2025, driven by GST rate cuts and a sharp fall in food and vegetable prices.

Posted in GST | 798 Views

FM Sitharaman Assures Further Simplification of GST, Tax Procedures

14 November 2025 at 06:38

Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.

Posted in GST | 264 Views

Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall

14 November 2025 at 06:38

Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.

Posted in Income Tax | 105 Views

Cabinet Approves Rs 20,000 Crore Credit Guarantee Scheme for Exporters (CGSE)

13 November 2025 at 09:20

The Union Cabinet has approved the Rs 20,000 crore Credit Guarantee Scheme for Exporters (CGSE), offering 100% collateral-free credit via NCGTC to boost MSMEs, liquidity, and export growth.

Posted in Corporate Law | 255 Views

ICAI signs MoU with Indian Army for Real-time UDIN Verification

13 November 2025 at 09:14

ICAI signs MoU with the Indian Army for real-time UDIN verification via API integration, enhancing transparency, trust, and efficiency in document authentication.

Posted in Professional Resource | 13299 Views

GST Reforms Have Driven Sales Growth Across Sectors, Says FM Sitharaman

13 November 2025 at 06:48

Finance Minister Nirmala Sitharaman said that the recent GST reforms have boosted sales across sectors from automobiles and consumer durables to e-commerce highlighting the positive market response to simplified tax rates and structures.

Posted in GST | 1215 Views

SC Protects Chartered Accountants: Issuing Form 15CB Isn't Money Laundering

13 November 2025 at 06:48

The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.

Posted in Income Tax | 3147 Views

GST Department Nabs Mira Road Resident for Rs 8.43 Crore Fake ITC Fraud

13 November 2025 at 06:48

The Maharashtra State Tax Department (Thane Zone) has arrested Mira Road resident Srikanth Vaidyanath for generating and passing fake GST Input Tax Credit worth Rs 8.43 crore through a bogus firm.

Posted in GST | 789 Views

Direct Tax Collections Grows 7% YoY; Refunds Down 18% in FY 2025-26

13 November 2025 at 06:48

As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.

Posted in Income Tax | 948 Views