CAclubindia News
Rajasthan Commercial Taxes Dept Tightens ITC Verification for Delayed GST Registrations
15 August 2025 at 07:59Rajasthan GST Dept issues circular to reject ITC claims on pre-registration stock for businesses registering after 30 days; directs strict monitoring to curb revenue leakage.
New Income Tax Bill 2025 Clears Confusion on Rental Income, Home Loan Deductions
15 August 2025 at 07:50New Income Tax Bill 2025 confirms no change in rental income taxation or home loan deductions; clarifies pre-construction interest allowed for both self-occupied and let-out properties from April 1, 2026.
Govt Clarifies Rs 75,000 Standard Deduction Under New Tax Regime in Income Tax Bill 2025
15 August 2025 at 07:42Govt clarifies Rs 75,000 standard deduction for salaried taxpayers under new regime in Income Tax Bill 2025, effective April 1, 2026; also aligns tax benefits for UPS with NPS.
SGST Department Arrests Two Company Directors for Rs 50 Crore GST Evasion Through Fake ITC Claims
15 August 2025 at 07:29SGST arrests two company directors in Rs 50 crore GST evasion cases involving fake invoices and fraudulent ITC claims, as authorities intensify crackdown on tax fraud
Finance Ministry to Broaden 'Computer System' Definition in New Income Tax Bill 2025
15 August 2025 at 07:18Finance Ministry to widen'computer system' definition in Income Tax Bill 2025; CBDT to issue SOP for handling digital data, ensuring stronger tax enforcement while protecting privacy.
Ministry of Defence to Reimburse 18% GST on Defence R&D Grants for Start-Ups and MSMEs
15 August 2025 at 07:04MoD to reimburse 18% GST to private start-ups and MSMEs on defence R&D grants under iDEX and TDF schemes, offering interim relief until GST Council decides on permanent exemption.
GSTN Launches "Navigate to GSTR-1A" on GST Portal
15 August 2025 at 07:04GSTN introduces the "Navigate to GSTR-1A" feature on the GSTR-3B payment page, allowing taxpayers to easily review, edit and correct sales data before filing returns, ensuring greater accuracy and compliance.
CAG Flags Gaps in GST E-Way Bill System
15 August 2025 at 07:00CAG’s audit of the GST E-Way Bill system reveals ₹576.86 crore in revenue loss due to tax evasion, urges tighter monitoring, alerts for misuse, and improved enforcement to protect government revenue.
PG in Bengaluru Faces Backlash Over 12% GST on Online Rent Payments
14 August 2025 at 09:23A Bengaluru PG's notice demanding cash-only rent to dodge 12% GST on online payments has ignited a social media debate over tax evasion, tenant rights, and transparency in the rental market.
Finance Ministry Issues Corrigendum to IT Bill, Clarifies Interest on Advance Tax Short-Payment
14 August 2025 at 09:10The Finance Ministry has corrected the Income-tax (No. 2) Bill, 2025, restoring the interest calculation for shortfall in advance tax payments to match the old Income-tax Act, 1961.
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