CAclubindia News

Karnataka GST Evasion Cases Soar Five-Fold in FY25, Highest in Three Years

13 August 2025 at 09:21

Karnataka sees a five-fold rise in GST evasion cases in FY25, with Rs 39,577 crore detected - the highest in three years. FM Nirmala Sitharaman clarifies no UPI-based notices from the Centre.

Posted in GST | 141 Views

Income Tax Bill 2025: Refunds for Belated Returns, House Property Deduction Clarified

13 August 2025 at 09:16

Lok Sabha passed the Revised Income Tax Bill, 2025, clarifying tax refund eligibility for late-filers and standard deduction computation on house property, effective April 1, 2026.

Posted in Income Tax | 2373 Views

DGGI Issues Takedown Notice to Google Over 6 Online Gaming Sites for GST Evasion

13 August 2025 at 09:10

DGGI issues takedown notice to Google against six online gaming platforms for GST evasion, citing security concerns and failure to register in India.

Posted in GST | 171 Views

Banks Propose Rs 1 Crore GST Slab to Ease Compliance and Boost Digital Payments

13 August 2025 at 09:03

The Department of Financial Services is reviewing GST registration thresholds, with banks suggesting raising the annual turnover limit for merchants to Rs 1 crore, amid concerns over compliance burden and digital payment adoption.

Posted in GST | 207 Views

No GST Notices Issued Based on UPI Transactions, Clarifies FM Nirmala Sitharaman

13 August 2025 at 08:54

Finance Minister Nirmala Sitharaman clarifies that no GST notices have been issued by Central GST authorities based on UPI transactions, addressing concerns over small business tax scrutiny.

Posted in GST | 12768 Views

RBI guidelines ensure multilingual customer communication and a quicker grievance redressal by banks

13 August 2025 at 08:47

The Reserve Bank of India (RBI) mandates banks to communicate with customers in Hindi, English and the regional language, ensuring clarity and accessibility.

Posted in Others | 78 Views

JioFinance App Launches Rs 24 Self-Service ITR Filing Feature

12 August 2025 at 17:25

JioFinance App, with TaxBuddy, launches a new ITR filing feature offering regime comparison, deduction mapping & expert-assisted tax planning.

Posted in Income Tax | 3357 Views

Income Tax Department Warns Taxpayers Against Phishing Emails Promising Refunds

12 August 2025 at 09:18

Income Tax Department warns taxpayers about phishing emails promising refunds from fake address donotreply@incometaxindiafilling.gov.in; advises not to click suspicious links and report scams.

Posted in Income Tax | 1218 Views

ICAI Launches Practical Guide to GST Disputes to Empower CAs in Litigation and Representation

12 August 2025 at 09:13

ICAI releases Practical Guide to GST Disputes to help Chartered Accountants master GST litigation, evidence handling, appeals, and representation, updated till May 31, 2025.

Posted in GST | 8235 Views

Tax Consultant Booked for Misusing Client's GST Number in Rs 73 Lakh Fraud Case

12 August 2025 at 09:07

Jawahar Nagar police in Chhatrapati Sambhajinagar have booked a tax consultant for allegedly misusing a client's GST number to execute fraudulent transactions worth Rs 73.63 lakh

Posted in GST | 1812 Views