CAclubindia News

GSTN Introduces Flexible ITC Handling for Credit Notes in IMS

22 December 2025 at 06:40

GSTN introduces a new IMS functionality allowing taxpayers to select Yes or No for ITC reduction while accepting credit notes, improving accuracy in GST compliance.

Posted in GST | 2223 Views

ICAI Admit Cards Released for CA Intermediate & Final Jan 2026 Exams

22 December 2025 at 06:39

ICAI has released admit cards for CA Final, Intermediate January 2026 exams. Candidates can download hall tickets from the ICAI e-Services portal at eservices.icai.org.

Posted in Students | 2598 Views

PFRDA Amends NPS Exit & Withdrawals Regulations 2015

22 December 2025 at 06:39

PFRDA has notified key amendments to NPS Exit and Withdrawal Regulations, 2015, offering higher lumpsum withdrawals, flexible annuity options, removal of lock-in period and extended exit age up to 85 years.

Posted in Corporate Law | 105 Views

Net Direct Tax Collections Rise 8% in FY 2025-26 Till 17th December

20 December 2025 at 08:09

India's net direct tax collections rose 8% to Rs 17.05 lakh crore in FY 2025-26 (till Dec 17), aided by lower refunds and higher corporate tax inflows.

Posted in Income Tax | 225 Views

CBIC Enables Post-Clearance Revision of Bills of Entry via ICEGATE Under Section 18A

20 December 2025 at 07:50

CBIC has enabled voluntary post-clearance revision of Bills of Entry under Section 18A of the Customs Act through a new ICES module on ICEGATE, allowing amendment, deletion, and addition of records.

Posted in Custom | 231 Views

Over 60,000 MSME Claims Cleared Under Vivad se Vishwas Scheme, Govt Tells Lok Sabha

20 December 2025 at 07:23

Government steps up ease of doing business for MSMEs with revised MSME criteria, credit guarantee schemes, procurement reforms and post-Covid relief measures.

Posted in Corporate Law | 156 Views

GST 2.0 Takes Shape: Industry Seeks Rate Rationalisation and ITC Reforms in Budget 2026

20 December 2025 at 07:23

GST 2.0 gathers momentum as industry looks to Budget 2026 for rate rationalisation, ITC reforms, petroleum inclusion and relief on inverted duty refunds.

Posted in GST | 741 Views

Income Tax Department Tracks High-Value Transactions of Non-Filers Using NMS

20 December 2025 at 07:22

Income Tax Department uses NMS, AIS and data analytics to track high-value transactions of non-filers and nudge taxpayers towards voluntary ITR compliance.

Posted in Income Tax | 1566 Views

ITAT Delhi Grants Major Relief to Taxpayer in Section 14A Dispute Over Tax-Free Income

20 December 2025 at 07:20

ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.

Posted in Income Tax | 1014 Views

Income Tax Department Flags Transaction Mismatch, Urges Taxpayers to Review AIS Before 31st Dec

19 December 2025 at 09:37

Income Tax Department has sent advisory alerts to taxpayers over ITR-AIS mismatch. Review AIS, revise or file belated return by Dec 31, 2025.

Posted in Income Tax | 2094 Views