CAclubindia News


ICAI Releases Revised Handbook on Input Service Distributor (ISD) Under GST

   25 October 2025 at 06:17

The Institute of Chartered Accountants of India (ICAI) has released the second edition of its Handbook on Input Service Distributor (ISD) under GST, updated till September 2025.

Posted in GST |   2826 Views


FM Sitharaman Urges GST Officers to Be Polite, Empathetic and Tech-Driven in Dealing with Taxpayers

   25 October 2025 at 06:16

FM urged GST officers to be polite, empathetic, and tech-driven in dealing with honest taxpayers. She emphasized faster GST registration approvals, swift grievance redressal, and accountability within CBIC through timely disciplinary action.

Posted in GST |   1521 Views


GST 2.0 Sparks Auto Revival: Car Sales Double as Festive Demand Peaks

   24 October 2025 at 06:15

GST 2.0 has given India's automotive industry a major boost, with car sales more than doubling since September 22.

Posted in GST |   210 Views


GST Rate Cut: Consumers Yet to See Full Benefit as Small Retailers Sell at Old Prices

   24 October 2025 at 06:15

While large companies have passed on the benefits, unorganised retailers remain slow to comply, prompting close monitoring by CBIC and government authorities to ensure full pass-through of GST benefits by December.

Posted in GST |   942 Views


Banking Laws (Amendment) Act, 2025: New Nomination Rules for Depositors Effective 1st Nov 2025

   24 October 2025 at 06:15

Key nomination provisions under the Banking Laws (Amendment) Act, 2025 to take effect from Nov 1, allowing up to 4 nominees and ensuring transparent claim settlements.

Posted in Others |   1002 Views


UPI Festive Boom: Digital Payments Hit Record Rs 23.5 Lakh Crore in October 2025

   24 October 2025 at 06:15

UPI recorded its highest-ever single-day transaction value this Diwali, hitting Rs 1.02 lakh crore across 754 million transactions. NPCI data shows India’s festive season driving record digital payments, credit card growth, and fintech innovation.

Posted in Others |   885 Views


CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements

   23 October 2025 at 06:14

CBDT's APA Annual Report 2024-25 records a surge in Advance Pricing Agreements, offering tax certainty for multinational enterprises and strengthening India's ease of doing business

Posted in Income Tax |   1191 Views


CBDT Issues Directions on Verification of Expenses in the Entertainment Sector Following C&AG Audit Report

   23 October 2025 at 06:14

CBDT issues fresh directions following C&AG's Performance Audit Report on the entertainment sector, instructing tax officers to ensure uniform assessment of pre-operative and film production expenses under Rules 9A and 9B of the Income-tax Rules, 1962.

Posted in Income Tax |   2415 Views


Audit Flags Cost Escalation and GST Issues in Chandigarh Streetlight Works

   23 October 2025 at 06:14

Audit report exposes cost escalation, non-scheduled items, and unverified GST payments in Electrical Division No. 3 streetlight works. Final action from authorities awaited.

Posted in GST |   1158 Views


GST Authorities Arrest Key Suspect in Rs 12 Crore Fake ITC Scam

   23 October 2025 at 06:14

Assam GST officials arrest Ujjawal K. Agarwal for allegedly issuing fake Input Tax Credit through bogus billing worth Rs 12 crore. Bail denied, under judicial custody.

Posted in GST |   756 Views



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