CAclubindia News
IBC Overhaul: 6 Amendments, 122 Regulatory Reforms Enhance Corporate Debt Resolution
03 April 2025 at 08:28Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception. Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore
Biometric Aadhaar Authentication & Document Verification Now Mandatory for GST Registration in Assam
03 April 2025 at 08:28Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam
CBIC to Launch E-Processing for Imports & Exports via Air Passengers from 1st May 2025
02 April 2025 at 09:06The CBIC has introduced electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and jewellery/samples/prototypes through personal carriage by air passengers from 01.05.2025 onwards at specified airports.
Mandatory 2FA for e-Way Bill & e-Invoice System
02 April 2025 at 08:55To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2- Factor Authentication for logging in to e-Way Bill/e-Invoice system.
ICAI Launches Online Panel for Bank Branch Audit Queries
02 April 2025 at 08:46With the bank audit season approaching, the Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of an Online Panel of Experts to assist members with bank branch audit-relate
GST Revenue for March Jumps 9.9% YoY to Rs 1.96 Lakh Crore
02 April 2025 at 08:37As per the provisional data released on April 1, 2025, the total gross GST revenue for the month reached ₹1,96,141 crore, marking a significant 9.9% growth compared to ₹1,78,484 crore collected in March 2024.
GST Consultant Arrested for Rs 42.73 Crore Fake Invoice Scam
01 April 2025 at 08:45Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, have arrested a GST consultant in Vijayawada for his involvement in a large-scale fake invoice racket amounting to Rs 42.73 crore.
CBDT Signs Record 174 Advance Pricing Agreements in FY 2024-25
01 April 2025 at 08:45The Central Board of Direct Taxes (CBDT) entered into a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2024-25.
CBI Books Five Hyderabad-Based Income Tax Officials, Chartered Accountant for Alleged Extortion
01 April 2025 at 08:45CBI has registered a case against five officials of the Income Tax department and a CA based in Hyderabad for allegedly extorting money from taxpayers in exchange for favorable treatment in their tax matters.
Egg Seller Shocked by Rs 6 Crore GST Notice for Non-Existent Business
31 March 2025 at 08:53In a bizarre and distressing case of identity theft, an egg seller in Madhya Pradesh has been served notices for Goods and Services Tax (GST) dues worth Rs 6 crore for a business he never knew existed.Prince Suman, a resident of Pathariya Nagar in Da
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