CAclubindia News

Gang of Fake Income Tax Officers Busted in Gujarat, Mastermind a GST Inspector

14 January 2025 at 08:00

In a dramatic turn of events, police in Dahod, Gujarat, have busted a gang of seven individuals who posed as Income Tax officers to extort money from a businessman in Sukhsar village.

Posted in GST | 873 Views

E-Way Bills Touch Second-Highest Level in Two Years, Indicating Economic Momentum

14 January 2025 at 08:00

E-way bill generation by businesses in India reached its second-highest level in December 2024, marking a robust 17.6% year-on-year growth.

Posted in GST | 618 Views

ED Uncovers Rs 10,000 Crore Money Laundering Network Involving CAs and Hawala Operators

14 January 2025 at 08:00

In a major breakthrough, the Enforcement Directorate (ED) has uncovered a complex network of Chartered Accountants (CAs) and hawala operators accused of laundering over Rs 10,000 crore of black money out of India in recent years.

Posted in Professional Resource | 3543 Views

Tax Professionals Urge Govt to Enhance GST IMS for Better Compliance

14 January 2025 at 08:00

The body of tax professionals has called on the government to make the recently introduced Invoice Management System (IMS) on the Goods and Services Tax (GST) portal more user-friendly.

Posted in GST | 633 Views

ICAI Releases Schedule of May 2025 CA Exams

13 January 2025 at 13:12

The Institute of Chartered Accountants of India (ICAI) has officially announced the schedule for the May 2025 Chartered Accountants (CA) Examinations.

Posted in Students | 43029 Views

CA Claims to be Whistleblower in Torres Jewellery Fraud, Seeks Police Protection

13 January 2025 at 09:28

Days after Mumbai police initiated an investigation into the alleged multi-crore Torres Jewellery fraud case, Abhishek Gupta, a 31-year-old chartered accountant, has approached the Bombay High Court seeking police protection.

Posted in Audit | 4761 Views

Centre Releases Rs 1.73 Lakh Crore Tax Devolution to States for Development

13 January 2025 at 08:46

Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures

Posted in Income Tax | 459 Views

Kerala GST Department Introduces Common Adjudicating Authority for Multiple Show Cause Notices

13 January 2025 at 08:46

The Kerala GST department has announced a major relief for taxpayers dealing with multiple GST show cause notices (SCNs) issued across different districts.

Posted in GST | 372 Views

Income Tax Inspector Under CBI Lens for Alleged Bribery in DIT Relief Processing

13 January 2025 at 08:46

The Central Bureau of Investigation (CBI) has launched an investigation into allegations of corruption involving an income tax inspector from the International Taxation Circle, Mumbai, and an employee of a private shipping company.

Posted in Income Tax | 1938 Views