CAclubindia News

No GST on UPI Payments Over Rs 2000, Says Government Amid Viral Rumors

19 April 2025 at 07:22

Claims that Government is considering levying Goods and Services Tax (GST) on UPI transactions over ₹2,000 are completely false, misleading, and without any basisThe claims that the Government is considering levying Goods and Services Tax (GST) on UP

Posted in GST | 1836 Views

CBIC Issues Instructions to Streamline GST Registration Process and Curb Harassment

18 April 2025 at 10:33

In a move aimed at striking a balance between facilitating genuine taxpayers and cracking down on fraudulent entities, the CBIC has issued Instruction No. 03/2025-GST to streamline the processing of GST registration applications.

Posted in GST | 4947 Views

Lok Sabha Panel Reviews Income Tax Bill 2025 Ahead of Monsoon Session

18 April 2025 at 08:41

The Select Committee of the Lok Sabha on the proposed Income-Tax Bill, 2025 convened a crucial meeting today at Parliament House, New Delhi. Chaired by BJP Member of Parliament Baijayant Panda, the 31-member panel is actively reviewing the draft legi

Posted in Income Tax | 1827 Views

Ice Cream Industry Appeals for GST Relief, Cites Nutrition and Affordability

18 April 2025 at 08:29

In a creative pitch to reduce GST on ice cream from 18% to 5%, the Indian Ice-cream Manufacturers' Association quoted Steve Jobs and highlighted affordability, nutrition, and unfair tax comparisons with other dairy products

Posted in GST | 1692 Views

Nagpur Man Slapped with Rs 314 Crore Tax Notice in Rs 560 Crore Hawala Scam Probe

18 April 2025 at 08:27

In a bizarre twist of events, Chandrashekhar Kohad, a petty contractor originally from Nagpur and currently living in Multai, Madhya Pradesh, has been served a staggering Rs 314 crore income tax demand - an amount he says he cannot even comprehend.

Posted in Income Tax | 2106 Views

Income Tax Department Uses AI to Monitor High-Value Financial Transactions

17 April 2025 at 08:40

The Income Tax Department is rapidly upgrading its surveillance and compliance ecosystem, powered by Artificial Intelligence (AI) and advanced data analytics. According to leading tax experts, the department's intensified focus on high-value transact

Posted in Income Tax | 3615 Views

E-Way Bill Generation Hits Record 12 Crore in March, Signalling Robust FY25 Close

17 April 2025 at 08:24

In a strong indication of buoyant year-end economic activity, e-way bill (EWB) generation surged to an all-time high of over 12 crore in March 2025, marking a significant 20% rise compared to the previous month.

Posted in GST | 3537 Views

ICAI Releases Admit Cards for CA Intermediate & Final May 2025 CA Exams

16 April 2025 at 16:53

The Institute of Chartered Accountants of India (ICAI) has officially released the CA Admit Card 2025 for candidates appearing in the May 2025 session of the CA Intermediate and CA Final examinations.

Posted in Students | 4236 Views

GST Department Targets Restaurants Over Untaxed Packaging Charges

16 April 2025 at 08:40

The GST department has reportedly issued summons to several restaurants listed on popular food delivery platforms such as Swiggy and Zomato.

Posted in GST | 4161 Views

Ministry of Finance Clarifies GST Applicability on Apartment Maintenance Charges Amid Resident Confusion

15 April 2025 at 07:29

In response to mounting confusion among apartment dwellers and Resident Welfare Associations (RWAs) over GST applicability on monthly maintenance charges, the Ministry of Finance and Corporate Affairs has issued a detailed clarification.

Posted in GST | 4 comments | 4866 Views