CAclubindia News
GSTN Issues Advisory as Over 3 Lakh Amnesty Applications Filed Under Section 128A
12 June 2025 at 09:10GSTN has issued an advisory for taxpayers facing technical issues while filing amnesty applications under Section 128A of the CGST Act, in light of the approaching deadline and the growing number of representations from trade bodies seeking assistance.
FEMA Amendment 2025: Bonus Shares Permitted for Foreign Investors in Restricted Sectors
12 June 2025 at 09:05The Ministry of Finance has notified an amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, allowing Indian companies operating in sectors where Foreign Direct Investment (FDI) is prohibited to issue bonus shares
Income Tax Department Releases Common Offline Utilities for ITR-1 and ITR-4 for AY 2025-26
12 June 2025 at 09:03The Income Tax Department has released the Common Offline Utility (COU) for filing Income Tax Returns (ITR-1 and ITR-4) for the Assessment Year 2025-26
Sikkim-Based Units Under CGST Scanner for Rs 1,032 Crore GST Refund Irregularities
11 June 2025 at 09:24Several manufacturing units in Sikkim have come under the scanner of the CGST department for allegedly misusing the Scheme of Budgetary Support, 2017
Centre Mulls Tax Relief for Banks on NPA Interest Income
11 June 2025 at 09:20The Indian government is currently reviewing a proposal to amend the Income Tax Act to align the definition of NPAs with that of the RBI - a move that could significantly ease tax burdens for banks and financial institutions.
Income Tax Department Cracks Down on Dubious Political Donation Claims Under Section 80GGC
11 June 2025 at 09:18The Income Tax Department, in a bid to curb misuse of tax deductions on political donations, has intensified scrutiny of claims made under Section 80GGC of the Income Tax Act
CBIC Clarifies HSN Code Rule: Mandatory for B2B, Optional for B2C Below Rs 5 Crore Turnover
11 June 2025 at 09:14The Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial clarification via its official X handle regarding the applicability of HSN codes in Table 12 of GSTR-1.
ICAI Releases Schedule for CA Intermediate Mock Test Papers Series I & II for September 2025 Exams
11 June 2025 at 09:10ICAI, through its Board of Studies (Academic), has officially announced the commencement of Mock Test Papers (MTP) Series - I and II for students appearing in the CA Intermediate September 2025 Examinations.
GST Portal Resolves Validation Issue for QRMP Taxpayers Filing Refund Applications
10 June 2025 at 15:46In a significant update for taxpayers under the Quarterly Return Monthly Payment (QRMP) scheme, the GSTN has resolved a system-level validation issue that previously hindered refund application filings on the GST Portal.
GSTN Clarifies Only B2B Section of Table-12 in GSTR-1 Is Validated
10 June 2025 at 09:25GSTN has clarified that, under the currently implemented system design, validation of values in Table-12 of GSTR-1 which relates to HSN-wise summary of outward supplies, is mandatory only for B2B transactions.
Popular News
- GST Rate Changes from 1st Nov 2026: Check New ITC and RCM Rules
- PM Modi's Rs 12 Lakh Tax Relief Remark Sparks Debate Over Taxpayers' Rights
- GST Portal e-Invoice Services to Remain Temporarily Unavailable on 31st Oct and 1st Nov 2026
- CGST Rules 2026 Amended: E-Invoicing Scope Expanded from 1st January 2027
- CBIC Issues New GST Notifications: RCM, Registration and TDS Changes from 1st Nov 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
