CAclubindia News

Finance Ministry Waives Customs Duty on Artworks and Antiques Meant for Public Display

10 May 2025 at 09:04

The Ministry of Finance in a significant move to promote cultural heritage and facilitate public access to valuable artworks and antiquities, has issued a new customs notification exempting select imported art and historical items from customs duties.

Posted in Custom | 1386 Views

FM Sitharaman Reviews UPI, Internet Banking Security Amid Rising Border Concerns

10 May 2025 at 08:56

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting to review banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI

Posted in Community & General | 1686 Views

ICAI Urges Over 14 Lakh Members & Students to Support Armed Forces and Nation

10 May 2025 at 08:51

ICAI Issues Clarion Call to over 14 Lakh Members and Students to stand in Solidarity with the Armed Forces and the Nation

Posted in Students | 55203 Views

MCA Notifies Key Amendments to Ind AS 21 on Foreign Currency Exchangeability

10 May 2025 at 08:47

MCA has officially notified the Companies (Indian Accounting Standards) Amendment Rules, 2025, introducing substantial changes to Ind AS 21-the Indian Accounting Standard governing the effects of changes in foreign exchange rates.

Posted in Corporate Law | 3612 Views

RBI issues Reserve Bank of India (Digital Lending) Directions, 2025

10 May 2025 at 08:47

Reserve Bank of India has from time to time issued various directions and circulars on digital lending by Regulated Entities (REs).

Posted in Community & General | 435 Views

ICAI Postpones CA SPOM Exams Amid Security Concerns

09 May 2025 at 11:00

In light of the prevailing tense and uncertain security situation across the country, the ICAI has announced the postponement of the Chartered Accountants Self-Paced Online Module (SPOM) Examination until further notice.

Posted in Students | 4215 Views

GSTN Eases Refund Process for Deemed Export Recipients: Chronological Filing Removed, Table Format Revised

09 May 2025 at 09:06

The Goods and Services Tax Network (GSTN) has introduced key changes for taxpayers filing refund applications under the category "On account of Refund by Recipient of deemed export."

Posted in GST | 2499 Views

CA Arrested in Rs 7.85 Crore GST ITC Fraud, 80 Fake GSTINs Unearthed

09 May 2025 at 08:45

In a major crackdown on GST fraud, the Central GST Delhi South Commissionerate has arrested a South Delhi-based Chartered Accountant for orchestrating a massive Rs 7.85 crore Input Tax Credit (ITC) scam involving circular trading and fake firms.

Posted in GST | 1 comments | 5709 Views

ICAI Postpones CA May 2025 Exams Amid Security Concerns

09 May 2025 at 06:10

The Institute of Chartered Accountants of India (ICAI) has officially announced the postponement of the remaining papers of the CA Final, Intermediate, and Post Qualification Course Examinations, originally scheduled from May 9 to May 14, 2025.

Posted in Students | 13515 Views

GSTN Simplifies Refund Filing Process for Exporters, SEZ Suppliers and Deemed Exporters

09 May 2025 at 08:33

GSTN has revamped the refund filing process under three major categories - Export of Services with payment of tax, Supplies made to SEZ Unit/SEZ Developer with payment of tax, and Refund by Supplier of Deemed Export.

Posted in GST | 3285 Views