CAclubindia News


Central GST Commissionerate Uncovers Rs 658.55 Crore Fake Invoice Racket

   07 February 2025 at 08:47

In a significant crackdown on GST fraud, the Central GST Itanagar Commissionerate has exposed a massive fake invoice racket involving Rs 658.55 crore in fraudulent transactions without any actual supply of goods.

Posted in GST  1 comments |   417 Views


Finance Ministry Directs Staff to Avoid AI Tools Like ChatGPT, DeepSeek Over Data Security Risks

   06 February 2025 at 09:02

The Finance Ministry has issued a directive prohibiting officers and staff from using AI tools such as ChatGPT and DeepSeek on office computers, citing risks to the confidentiality of government data and documents.In a note dated January 29, the Depa

Posted in Others |   2118 Views


Presumptive Tax Regime Introduced for Non-Residents in Electronics Sector

   06 February 2025 at 08:45

Scheme of presumptive taxation extended for non-resident providing services for electronics manufacturing facility  

Posted in Union Budget |   477 Views


Tax Relief for Non-Residents: Section 10 Amendment on Offshore Derivative Instruments in IFSC

   06 February 2025 at 08:45

Amendment of Section 10 related to Exempt income of Non-Residents

Posted in Union Budget |   1179 Views


Tax Relief for Global Investors: India Extends SWF & PF Investment Deadline to 2030

   06 February 2025 at 08:45

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget |   360 Views


GST Council Close to Finalizing Fewer, Lower Tax Rates: FM Sitharaman

   06 February 2025 at 08:45

In a significant development for India's taxation landscape, Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council is close to finalizing its decision on rationalizing GST rates.

Posted in GST |   414 Views


Section 271AAB Amended by Finance Bill 2025: Major Changes in Penalty Provisions Under IT Act

   06 February 2025 at 08:45

Major Changes in Penalty Provisions Under Income-tax Act: Section 271AAB Amended by Finance Bill 2025

Posted in Income Tax |   402 Views


New Direct Tax Code to Simplify Structure, No New Taxes to Be Introduced: Finance Secretary

   06 February 2025 at 08:45

In a significant update ahead of the Budget 2025-26, Finance Secretary Tuhin Kanta Pandey confirmed that the upcoming New Direct Tax Code Bill will not introduce any new taxes.

Posted in Income Tax |   1896 Views


MCA21 Records 80.26 Lakh Form Filings in FY 2024-25

   05 February 2025 at 08:57

MCA21 records 80.26 lakh form filings between April 2024 to January 2025 driving Ease of Doing Business with enhanced digital solutions

Posted in Corporate Law |   465 Views


CBDT Outlines Data Sharing Mechanism for PMGKAY Beneficiary Identification between DGIT (Systems) and DFPD

   05 February 2025 at 08:56

CBDT has issued a new directive for the sharing of taxpayer information with the Department of Food and Public Distribution (DFPD) for identifying eligible beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)

Posted in Income Tax |   432 Views