CAclubindia News

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

CBDT Implements Revised Protocol for India-Belgium Double Taxation Avoidance Agreement

13 November 2025 at 06:48

India notifies the amended DTAA Protocol with Belgium, enhancing tax transparency and mutual assistance from June 26, 2025.

Posted in Income Tax | 126 Views

CBIC Issues Instruction to Align Import Policy with Finance Act, 2025

12 November 2025 at 09:16

CBIC issues Instruction No. 32/2025-Customs to align the ITC (HS) 2022 Import Policy with the Finance Act, 2025, following DGFT Notification 44/2025-26, ensuring consistency in customs classification and import procedures.

Posted in Custom | 399 Views

Rs 51.74 Crore GST Evasion Busted in Lucknow: Two Traders Booked for Creating Fake Firms

12 November 2025 at 06:36

The Uttar Pradesh State Tax Department has uncovered a Rs 51.74 crore GST evasion scam in Lucknow, where two traders created fake firms - HK Impax and Sun Enterprises to claim fraudulent input tax credits.

Posted in GST | 207 Views

Uttar Pradesh Launches Statewide Crackdown to Detect Fake Firms and Tax Evasion

12 November 2025 at 06:36

The Uttar Pradesh State Tax Department has initiated a massive review of all registered firms to curb GST evasion and bogus business activities.

Posted in GST | 171 Views

GST 2.0 Fails to Ease Household Budgets: Families Report No Major Price Drop

12 November 2025 at 06:36

Nearly 50 days after GST 2.0 came into effect, consumers report little relief in grocery bills. Despite minor price drops in select items like toothpaste, chocolates, and soaps, household kitchen budgets remain largely unchanged under the new tax regime.

Posted in GST | 285 Views