CAclubindia News

Gujarat SGST Busts Rs 52 Crore Tax Evasion in Food and Restaurant Sector

30 September 2025 at 08:54

Gujarat SGST busts Rs 52 crore tax evasion in food and restaurant sector under GST Composition Scheme, uncovering fraudulent QR code payments and underreported sales across multiple cities.

Posted in GST | 342 Views

FMCG Distributors Warn of ITC Lock-In After GST Circular

30 September 2025 at 08:47

GST Circular 251 clarifies trade discounts and credit notes, ensuring manufacturers’ tax certainty, but FMCG distributors face cash-flow pressures due to excess input tax credit under the new dual-rate GST regime.

Posted in GST | 645 Views

GST Cut Boosts Ice-Cream Market, Organised Players See Surge in Demand

30 September 2025 at 08:41

GST rate cut from 18% to 5% boosts India's ice-cream market, driving demand for organised players like Amul, HUL, and Vadilal, while fostering innovation and expansion across urban and rural areas.

Posted in GST | 1212 Views

FHRAI Urges GST Council to Revisit 5% Slab Without ITC for Hotels Under Rs 7500 Tariff

30 September 2025 at 07:47

FHRAI has urged the GST Council to review the 5% GST slab on hotel tariffs up to Rs 7500 without ITC, warning it burdens mid-market hotels, affects affordability, and chokes investment in India’s hospitality sector.

Posted in GST | 1467 Views

MCA Extends Deadline for Filing DIR-3 KYC Without Fee to October 15, 2025

30 September 2025 at 07:38

The Ministry of Corporate Affairs (MCA) has extended the due date for filing DIR-3 KYC and DIR-3 KYC-WEB without fees to October 15, 2025, offering directors more time to meet compliance requirements.

Posted in Corporate Law | 3873 Views

Government Extends APR Filing Deadline for SEZ Units to December 31, 2025

30 September 2025 at 07:28

The Government of India has extended the due date for SEZ Annual Performance Report (APR) filing for FY 2024-25 to December 31, 2025, aligning it with GST audit deadlines to ease compliance.

Posted in Corporate Law | 2157 Views

CA Firm's Re 1 Audit Fee Sparks Nationwide Debate on Audit Standards and Professional Ethics

29 September 2025 at 10:30

Chandra Gupta & Associates' Re1 statutory audit bid for NHAI subsidiary raises questions on audit quality, fee sustainability, and professional ethics in India...

Posted in Audit | 7761 Views

ICAI Releases Income Tax Act, 2025: A Simplified Tax Framework Unveiled

29 September 2025 at 09:33

The ICAI has launched the Income Tax Act, 2025, replacing the 1961 Act with a simplified, taxpayer-friendly framework effective April 1, 2026.

Posted in Income Tax | 10317 Views

Finance Ministry Highlights Positive Impact of GST Reforms Amid Global Trade Risks

29 September 2025 at 09:16

Finance Ministry says recent GST rate cuts will lower inflation and boost India’s growth, while warning of trade uncertainties and global market risks.

Posted in GST | 1260 Views

Two Income Tax Officials Jailed 4 Years for Rs 15 Lakh Bribe

29 September 2025 at 09:11

Two Income Tax officials sentenced to 4 years in jail for accepting ₹15 lakh bribe in Jodhpur CBI court; jeweller acquitted due to insufficient evidence.

Posted in Income Tax | 2262 Views