CAclubindia News
CBDT Classifies IRFC's Rs 10,000 Crore Bond as Zero Coupon Bond for Tax Purposes
15 May 2025 at 09:05The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has notified the "Ten Year Zero Coupon Bond" of the Indian Railway Finance Corporation Ltd.
GSTN Issues Advisory on Appeal Withdrawal Process Under Waiver Scheme
15 May 2025 at 09:02The Goods and Services Tax Network (GSTN) has issued an important advisory clarifying the process for withdrawal of appeals in connection with the Waiver Scheme under Section 128A of the CGST Act.
GST Fraud: Punjab Detects Rs 1,549 Crore Bogus Billing
14 May 2025 at 09:06In a major offensive against tax evasion, Punjab's Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema announced the detection of bogus billing transactions worth Rs 1,549 crore and the blocking of fraudulent ITC claims
CBDT Grants Tax Exemption to Telangana State Pollution Control Board Under Section 10(46)
14 May 2025 at 09:03CBDT, under the Ministry of Finance, has notified the Telangana State Pollution Control Board (TSPCB) as a tax-exempt entity under clause (46) of section 10 of the Income-tax Act, 1961.
ICAI Resumes Self-Paced Online Module (SPOM) Exams from 15th May 2025
14 May 2025 at 09:00As per the latest update released by CA Anand Kumar Chaturvedi, Joint Secretary (Examinations), ICAI has decided to restart the SPOM examinations from May 15, 2025
ED Arrests 3 Traders in Rs 800 Crore GST Scam
13 May 2025 at 08:50The Directorate of Enforcement (ED) on Saturday presented traders Shiv Kumar Deora, Mohit Deora, and Amit Gupta before the Special Prevention of Money Laundering Act (PMLA) court in connection with a massive Rs 800 crore GST fraud.
Thane Businessman Duped of Rs 4.5 Crore in GST Scam Using Fake Documents
13 May 2025 at 08:42A 60-year-old businessman from Thane has reportedly been defrauded of Rs 4.5 crore in a sophisticated GST evasion scheme involving identity theft and misuse of company credentials, according to the police.
Himanta Sarma Defends GST as 'God-Sent Tax' Amid Border Tensions
12 May 2025 at 09:07In a forceful rebuttal to the Congress party's persistent criticism of the GST, Assam CM Himanta Biswa Sarma on Friday hailed the GST as a "God-Sent Tax," crediting it for enabling critical defense procurements
CBI Arrests Income Tax Commissioner and 4 Others in Rs 70 Lakh Bribery Case
12 May 2025 at 08:56CBI has arrested Jeevan Lal Lavidiya, Commissioner of Income Tax (Exemption), Hyderabad, for allegedly accepting a bribe of Rs 70 lakh to favour a tax appeal related to Shapoorji Pallonji Group.
CBDT Notifies New ITR-7 Form for AY 2025-26
12 May 2025 at 08:53The Central Board of Direct Taxes (CBDT) has notified the amended Income-tax Return Form ITR-7 through Notification No. 46/2025, published in the Gazette of India on May 9, 2025.
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