CAclubindia News

CBIC Celebrates 8 Years of GST with 'Sundays on Cycle' Fitness and Outreach Campaign

19 May 2025 at 08:43

In the run-up to completion of eight years of GST, the CBIC, in coordination with the FIT INDIA Movement, organised a nationwide cyclothon titled "Sundays on Cycle" under the aegis of FIT INDIA movement launched by the Prime Minister, Shri Narendra Modi.

Posted in GST | 2004 Views

RBI Issues New Rs 20 Notes with Governor Sanjay Malhotra's Signature

19 May 2025 at 08:43

Issue of Rs 20 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor

Posted in Community & General | 357 Views

CGST Delhi South Commissionerate awarded BIS IS 15700:2018 Certification

17 May 2025 at 06:47

The Central Goods and Services Tax (CGST) Delhi South Commissionerate has been awarded the Bureau of Indian Standards (BIS) IS 15700:2018 certification, recognising its commitment to excellence in public service delivery.

Posted in GST | 390 Views

Aadhaar Authentication Crosses 150 Billion Transactions

17 May 2025 at 06:47

The total number of Aadhaar authentication transactions have crossed 150 billion (15,011.82 Cr) marks, making it a milestone moment in the journey of the Unique Identification Authority of India (UIDAI) and for the broader Aadhaar ecosystem.

Posted in Income Tax | 876 Views

GSTN Defers Non-Editability of GSTR-3B Table 3.2 Amid Taxpayer Concerns

17 May 2025 at 06:47

In a relief to GST filers, the Goods and Services Tax Network (GSTN) has announced that Table 3.2 of Form GSTR-3B will remain editable for the time being, contrary to the earlier advisory that proposed making it non-editable starting April 2025.

Posted in GST | 2424 Views

CBIC Issues Revised Formats for Customs Arrest and Incident Reports, Mandates DIGIT ID

16 May 2025 at 09:03

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 10/2025-Customs dated May 13, 2025, introducing revised formats for filing Arrest Reports and Incident Reports under Customs law.

Posted in Custom | 1569 Views

Delhi High Court Fines Firm for Fraudulent GST ITC Claims

16 May 2025 at 08:59

The Delhi High Court has raised a red flag over the rampant misuse of a key provision of the Central Goods and Services Tax (CGST) Act, imposing a fine on a private firm for fraudulently availing Input Tax Credit (ITC) using fake invoices

Posted in GST | 648 Views

E-Way Bill Generation Hits Second-Highest Record in April 2025 at 11.93 Crore

15 May 2025 at 09:11

In a strong indication of rising economic activity, E-Way Bill (EWB) generation in April 2025 surged to 11.93 crore, marking the second-highest monthly tally ever recorded.

Posted in GST | 627 Views

CBDT Notifies Exemption Allowing Indian Bank's Increased Shareholding in ASREC

15 May 2025 at 09:09

The Ministry of Finance has issued a notification granting Indian Bank a temporary exemption under the Banking Regulation Act, 1949, allowing it to continue holding over 30% stake in ASREC (India) Limited until March 31, 2026.

Posted in Income Tax | 621 Views

CBDT Classifies IRFC's Rs 10,000 Crore Bond as Zero Coupon Bond for Tax Purposes

15 May 2025 at 09:05

The 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.

Posted in Income Tax | 2331 Views