CAclubindia News

Three Businessmen Held in Maharashtra for Bogus ITC Claims Worth Over Rs 180 Crore

19 November 2025 at 06:40

Maharashtra GST officials have arrested three businessmen in separate fake Input Tax Credit (ITC) scams totaling over Rs 180 crore, including frauds worth Rs 114 crore, Rs 56 crore, and Rs 10 crore.

Posted in GST | 141 Views

CBDT to Notify Simplified ITR Forms by January Ahead of New Income Tax Act Rollout

19 November 2025 at 06:40

The Income Tax Department will notify new simplified ITR forms by January 2025 under the Income Tax Act, 2025, set to take effect from April 1, 2026, to make tax compliance easier for taxpayers.

Posted in Income Tax | 1 comments | 804 Views

Direct Tax Collections on Track for FY26, Assures CBDT Chairman Ravi Agrawal

19 November 2025 at 06:40

The government expects to achieve FY26 direct tax goals as collections hit Rs 12.92 lakh crore by November 10; refunds likely to be cleared by December.

Posted in Income Tax | 891 Views

Income Tax Department Raids on Popular Hyderabad Eateries

19 November 2025 at 06:40

Income Tax officials raided Hyderabad's Pista House and Shahgouse Hotel, while the ED searched Al-Falah University in Delhi as part of a terror case probe.

Posted in Income Tax | 90 Views

ITR Refund Delay 2025: CBDT Flags High-Value Claims, Refunds Likely by December

18 November 2025 at 07:07

CBDT says high-value and red-flagged refund claims are causing delays this year. Refunds down 18% due to stricter scrutiny. Most refunds expected by December. Learn what taxpayers should do next.

Posted in Income Tax | 7590 Views

Mumbai Man Held for Rs 75 Lakh GST Fraud Using Forged Documents in Goa

18 November 2025 at 06:39

Bicholim police have arrested a Navi Mumbai resident for a Rs 75 lakh GST fraud involving fake registration under Green Agro Industries using forged documents.

Posted in GST | 195 Views

CBIC Unveils New ICEGATE 2.0 Online Module for MOOWR and MOOSWR Permissions

18 November 2025 at 06:39

CBIC launches a new ICEGATE 2.0 online module for MOOWR and MOOSWR permissions under Section 65, streamlining customs applications with digital workflows, user manuals, and improved processing.

Posted in Custom | 168 Views

GST 2.0 Boosts MSME Expansion Plans as Banks Near Annual Lending Targets

18 November 2025 at 06:39

The GST rate cut has led to a surge in MSME loan demand, with banks like SBI, IOB, PNB and Indian Bank reporting sharp growth in credit enquiries and portfolio expansion.

Posted in GST | 966 Views

CBIC Highlights Next-Gen GST Reforms at India International Trade Fair 2025

17 November 2025 at 06:34

CBIC Chairman Sanjay Kumar Agarwal inaugurated the "GST & Customs Pavilion" at the 44th India International Trade Fair (IITF) 2025 in New Delhi

Posted in GST | 426 Views

Confusion Over Section 234B Interest: GCCI Demands Clarity in Income Tax Act

17 November 2025 at 06:34

GCCI has urged the government to amend the Income Tax Act after many taxpayers received interest demand notices under Section 234B despite paying dues while filing updated returns.

Posted in Income Tax | 1395 Views