CAclubindia News
FM Sitharaman Says Customs Reform Is Next Big Focus After Income Tax & GST Overhaul
09 December 2025 at 06:45FM Nirmala Sitharaman says customs reform is the government's next big focus after GST and income tax overhaul. Rupee slide, inflation, and RBI's upgraded GDP forecast also discussed.
CGST Ludhiana Busts Rs 54 Crore GST Fraud: Fake Invoices Worth Rs 300 Crore Detected
09 December 2025 at 06:45CGST Ludhiana uncovers a Rs 54-crore GST fraud at a Mandi Gobindgarh iron and steel firm. Fake invoices worth Rs 300 crore detected; key person arrested. Probe ongoing.
Finance Ministry Extends Countervailing Duty on Tempered Glass Imports Till June 2026
09 December 2025 at 06:45India has extended the countervailing duty on Textured Tempered Glass imported from Malaysia until June 8, 2026. The move follows DGTR's sunset review to assess continued injury to domestic industry.
ICAI to Implement Income Tax Act, 2025 in CA Exams from May 2027 Onwards
08 December 2025 at 11:38ICAI has announced that the Income-tax Act, 2025 will be applicable in CA Intermediate, Final, and Self-Paced Module exams from May 2027. Students must prepare as per the new tax law for attempts after March 2027.
MoCA directs IndiGo to clear refunds, regulates airfare amid operational disruption
08 December 2025 at 06:37The Ministry of Civil Aviation issues strict directives to IndiGo to clear all pending refunds, cap airfares, and protect passengers amid operational disruptions. Full details on refunds, fare regulation and passenger support.
RBI Cuts Penal Interest on CRR, SLR Shortfalls as Bank Rate Reduced to 5.50%
08 December 2025 at 06:37RBI's latest circular reduces penal interest on CRR and SLR shortfalls following a 25 bps cut in the Bank Rate to 5.50%. The revised rates now stand at 8.50% and 10.50%.
RBI Brings Repo Rate Down to 5.25% Amid Falling Inflation
08 December 2025 at 06:37RBI has cut the repo rate by 25 bps to 5.25% in the December 2025 MPC meeting, citing easing inflation and stable growth. The SDF stands at 5.00% and MSF/Bank Rate at 5.50%.
Haryana GST Mandates Strict Multi-Level Approval for Suo-Moto Audit & Scrutiny Cases
08 December 2025 at 06:37Haryana GST enforces new two-tier approval (DETC/JETC) for Suo-Moto Audit & Scrutiny cases. Learn how the HGST Act 2017 circular ensures GST transparency & limits arbitrary action.
MVAT & PT Act Return Due Dates Extended to 10th Dec 2025 Due to System Upgrades
08 December 2025 at 06:37Maharashtra's State Tax Commissioner supersedes TC 16T/2025, extending the last date for MVAT (Oct 2025) and PT Act (Nov 2025) returns to 10th December 2025. File by this date for late fee exemption.
FM Sitharaman Defends Health & National Security Cess Bill, Says Levy Targets Only Demerit Goods
08 December 2025 at 06:36FM Nirmala Sitharaman defends the Health & National Security Cess Bill, saying the levy applies only to demerit goods like tobacco and pan masala, ensuring defence funding.
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