CAclubindia News

West Bengal Launches Settlement of Dispute Scheme 2025 to Provide Relief to Taxpayers

09 August 2025 at 09:09

West Bengal introduces Settlement of Dispute Scheme 2025, allowing taxpayers to resolve pending sales tax, VAT, and entry tax cases at concessional rates. Apply by September 30, 2025.

Posted in Income Tax | 321 Views

GSTN Enables UPI and Card Payments for GST - Now Live in 23 States

09 August 2025 at 09:06

GSTN launches UPI and card payment options for GST dues, now live in 23 States, enabling faster, hassle-free tax payments and boosting digital compliance.

Posted in GST | 228 Views

MSMEs to Benefit from Faster Credit Flow via RBI's Unified Lending Interface

09 August 2025 at 09:03

Government boosts MSME growth with enhanced credit schemes, SRI Fund, and SAMADHAAN portal; RBI's Unified Lending Interface promises faster, simpler loans for small businesses.

Posted in Others | 114 Views

ED Raids 8 Locations in Rs 730 Crore Fake GST Scam Linked to 135 Shell Firms

09 August 2025 at 08:59

ED raids eight locations in Jharkhand, Kolkata, and Mumbai in a Rs 730 crore fake GST scam linked to 135 shell firms. Probe uncovers Rs 5,000 crore fake invoices amid rising ITC fraud cases.

Posted in GST | 2115 Views

Centre Plans Persuasion Strategy to Bring More Retail Traders Under GST

09 August 2025 at 08:55

The Centre plans a persuasion-based approach to bring more traders under GST, avoiding backlash from aggressive state drives using UPI data, while focusing on awareness and formalisation of small businesses.

Posted in GST | 2253 Views

ITR-5 Excel Utility for AY 2025-26 Released

09 August 2025 at 08:42

The Income Tax Department has released the Excel Utility of ITR-5 for the Assessment Year (AY) 2025-26.

Posted in Income Tax | 360 Views

Income Tax Bill 2025 Withdrawn, Fresh Version to Be Tabled in Lok Sabha on August 11

08 August 2025 at 17:15

The government will introduce a fresh version of the Income Tax Bill, 2025 in Lok Sabha on August 11, replacing the earlier draft to incorporate Select Committee recommendations and avoid confusion from multiple versions.

Posted in Income Tax | 2991 Views

CBIC Updates List of Authorised Officers for Food Imports Across 165 Locations

08 August 2025 at 09:08

CBIC updates list of authorised officers and adds 6 new food import points under the FSS Act, bringing total to 165, to strengthen compliance and inspections.

Posted in Custom | 1104 Views

Income Tax Bill, 2025 Likely to be Tabled in Parliament on 11th August 2025

08 August 2025 at 09:00

Income Tax Bill, 2025 likely to be tabled on Aug 11 aims to replace 1961 Act with simpler, shorter law. Key changes include single tax year, digital compliance and reduced litigation

Posted in Income Tax | 2415 Views

CGST Delhi South Commissionerate Uncovers Rs 16.30 Crore GST Evasion in 3 Firms, Key Accused Arrested

08 August 2025 at 08:49

The CGST Delhi South Commissionerate has detected Rs 16.30 crore GST evasion in three manpower and facility management firms. A key director was arrested and remanded to judicial custody as investigations continue.

Posted in GST | 171 Views