CAclubindia News
GST Tax Evasion Scam Worth Rs 524 Crore Busted, Seven Arrested Across States
26 June 2025 at 09:20In a major breakthrough, police have arrested seven individuals allegedly involved in a massive GST tax evasion racket valued at over Rs 524 crore.
FM Sitharaman Directs CBDT to Accelerate Tax Refunds and Settle Pending Appeals
26 June 2025 at 09:19Union Finance Minister reiterated the need for timely processing of tax refunds and proactive resolution of taxpayer grievances
CBDT Relaxes Time Limit for Processing Conditionally Accepted ITRs Filed Under Section 119(2)(b)
26 June 2025 at 09:18The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2025, dated June 25, 2025, extending the time limit for processing income tax returns (ITRs) filed with condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961.
Ministry of Finance Notifies Launch of Rs 50 Commemorative Silver Coin for Golden Year Celebration
26 June 2025 at 09:15The Ministry of Finance has notified the release of a special commemorative Rs 50 silver coin to celebrate the Golden Year of the Official Language Department, as per Gazette Notification No. G.S.R. 412(E) dated June 25, 2025.
ICAI Releases Detailed Guidelines for CA Intermediate September 2025 Exams
25 June 2025 at 09:28The Institute of Chartered Accountants of India (ICAI) has officially issued the Guidance Notes for the CA Intermediate Examination scheduled in September 2025, under Regulation 28G(4) of the Chartered Accountants Regulations, 1988.
CBIC Clarifies Review, Revision & Appeal Procedures for Orders Passed by Common Adjudicating Authorities Handling DGGI SCNs
25 June 2025 at 09:13CBIC has issued Circular No. 250/07/2025-GST dated June 24, 2025, providing much-needed clarity on the review, revision, and appeal procedures applicable to Orders-in-Original (O-I-Os) passed by Common Adjudicating Authorities (CAA).
Fake GST Officer Arrested in Mehsana for Rs 5 Lakh Extortion Attempt
25 June 2025 at 09:11A fake GST officer has been arrested from Jotana in Mehsana district, Gujarat, for allegedly attempting to extort Rs 5 lakh from a local shopkeeper under the guise of an investigation.
FM Sitharaman Orders Withdrawal of Low-Value Tax Appeals Within Three Months
25 June 2025 at 09:09In a review meeting held in the national capital, FM Sitharaman instructed senior officials to ensure all departmental appeals falling below the revised thresholds be identified and withdrawn within three months.
CBDT Grants Income Tax Exemption to FSSAI Under Section 10(46A)
25 June 2025 at 09:16CBDT notifies tax exemption for FSSAI under Section 10(46A) of the Income-tax Act, effective AY 2026–27. The exemption supports the authority’s role under the Food Safety and Standards Act, 2006.
CBI Cracks Down on Rs 100 Crore GST Refund Scam Involving Customs Officials and Fake Export Bills
24 June 2025 at 09:20The Central Bureau of Investigation (CBI) has unearthed a massive Rs 100 crore bogus GST refund racket allegedly perpetrated through fake export bills and with the collusion of senior Customs officials.
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