CAclubindia News

SEBI Flags Risks in Client Code Modifications, Calls for Safeguards Against Tax Evasion

24 September 2025 at 09:05

SEBI flags risks of tax evasion and market misuse from Client Code Modifications and Custodian Participant code allocations, while exploring safeguards for institutional trades.

Posted in Corporate Law | 1107 Views

GST Nil on Uncoated Paper May Increase Notebook Costs, Says IPMA

24 September 2025 at 09:02

GST exemption on uncoated paper and paperboard may increase notebook costs as domestic manufacturers lose Input Tax Credit, IPMA warns government.

Posted in GST | 150 Views

GST Reduction on Renewable Energy to Save Investors up to Rs 1.5 Lakh Crore by 2030

24 September 2025 at 08:57

Union Minister Pralhad Joshi announced GST reduction on renewable energy from 18% to 5%, saving investors up to Rs 1.5 lakh crore and boosting India's 500 GW clean energy target by 2030.

Posted in GST | 144 Views

CBIC Clarifies DIN Requirement for e-Office Communications in New GST Circular

24 September 2025 at 08:52

CBIC Circular No. 252/09/2025–GST removes the need for a separate Document Identification Number (DIN) on e-Office communications. The e-Office 'Issue number' will now serve as a valid DIN for GST communications.

Posted in GST | 522 Views

GST Reform to Cut Power Generation Costs by 18 Paise Per Unit as Coal Cess Removed

24 September 2025 at 08:49

The GST Council’s move to remove the Rs 400/tonne coal cess and raise GST on coal to 18% is set to reduce electricity generation costs by 17-18 paise per unit, lower coal prices, and boost domestic competitiveness.

Posted in GST | 72 Views

Finance Ministry Issues 'No-Festive-Gifts' Directive for Ministries, PSUs

24 September 2025 at 08:48

The Finance Ministry has barred Union ministries, PSUs, and public sector banks from spending on Diwali or festival gifts, citing fiscal discipline and prudent use of public resources.

Posted in Others | 1614 Views

GSTN Issues Advisory for New Changes in GST IMS Effective October 2025

24 September 2025 at 08:35

The GST Invoice Management System (IMS) gets key updates from Oct 2025 - pending action facility, ITC reversal declaration and option to save remarks. Learn how these changes simplify compliance for taxpayers.

Posted in GST | 7524 Views

ICAI Announces January 2026 CA Exams Schedule

23 September 2025 at 14:47

The Institute of Chartered Accountants of India (ICAI) has released the timetable for CA Foundation, Intermediate, and Final exams in January 2026, along with INTT–AT and IRM PQC exams. Check key dates, exam centres, fees and application deadlines.

Posted in Students | 3669 Views

CBDT Waives Interest for Taxpayers Affected by Incorrect 87A Rebate under Section 115BAC

23 September 2025 at 08:53

CBDT issues Circular 13/2025 granting relief to taxpayers affected by rectifications . Interest under section 220(2) waived if demands are paid by December 31, 2025. Key details on rebate correction under section 87A explained

Posted in Income Tax | 2703 Views

Supreme Court Justice Criticizes Tax and Legal Mindset, Calls for Bold Reforms

23 September 2025 at 08:52

Supreme Court Justice Manmohan warns that India must reimagine outdated tax and legal systems to achieve its 2047 developed nation goal, stressing mindset change, simpler laws and modern reforms.

Posted in Income Tax | 2136 Views