CAclubindia News

CA and Advocate Arrested in Rs 79.18 Crore GST Evasion Case

07 October 2025 at 05:51

DGGI officials arrested a chartered accountant and an advocate from Sonepat for a Rs 79.18 crore GST evasion scam involving fake ITC claims. In a separate case, a Kanpur court denied bail to a Bengaluru man accused of ₹85 crore corporate forgery.

Posted in GST | 3609 Views

IT Department Releases Updated ITR-5 and ITR-6 Utilities for AY 2025-26

06 October 2025 at 07:14

CBDT releases updated ITR-5 and ITR-6 utilities for AY 2025-26 on Oct 2, 2025, improving accuracy, validation, and ease of income tax filing.

Posted in Income Tax | 201 Views

FM Sitharaman Unveils Financial Awareness Drive to Reunite Citizens with Unclaimed Deposits Worth Rs 75,000 Crore

06 October 2025 at 07:14

FM Nirmala Sitharaman launches "आपकी पूँजी, आपका अधिकार" campaign to help citizens trace and reclaim unclaimed deposits, insurance, and mutual fund balances.

Posted in Others | 1146 Views

V-Mart Bets Big on Rs 1000 Apparel Line After GST Cuts Spur Consumer Demand

06 October 2025 at 07:14

V-Mart to expand its Rs 1,000 apparel range as GST 2.0 cuts tax to 5% on clothes below Rs 2,500, boosting demand in India's value retail market.

Posted in GST | 168 Views

Navratri Sales Hit 10-Year High as GST Cuts Fuel Festive Shopping Surge

06 October 2025 at 07:14

India's festive season witnessed a remarkable rebound this year, with Navratri sales reaching a 10-year high, driven largely by the recent GST rate cuts and improved consumer sentiment, according to government officials.

Posted in GST | 213 Views

Paper Traders Warn of ITC Blockage and Rising Costs, Seek 5% Uniform GST Rate

06 October 2025 at 07:14

Indore Paper Traders urge govt to fix GST anomalies by introducing a uniform 5% rate on all paper products to ease compliance and boost competitiveness.

Posted in GST | 1833 Views

Centre Steps Up Action to Protect Consumers from GST Mispricing

06 October 2025 at 07:14

The Consumer Affairs Ministry has resolved 3,981 GST complaints, ensuring rate cut benefits reach consumers and monitoring e-commerce pricing compliance.

Posted in GST | 1470 Views

CBIC Issues Instruction on Risk-Based Provisional Refund Sanction Under GST

04 October 2025 at 07:14

CBIC issues Instruction No. 06/2025-GST on risk-based provisional refund sanction, allowing 90% refund for low-risk cases from October 1, 2025, to streamline GST compliance and trade facilitation.

Posted in GST | 2451 Views

CESTAT Mandates Online Filing of Appeals from Nov 15, 2025, Physical Filing Ends 31st Dec

04 October 2025 at 06:54

CESTAT makes e-filing mandatory for all appeals from November 15, 2025, with physical filing ending December 31. Taxpayers must use the new online portal for appeals and applications.

Posted in Custom | 282 Views

GST Rate Cut Benefits Hit E-Commerce: Flipkart and Amazon Transfer Rs 300+ Crore to Shoppers

04 October 2025 at 06:54

Amazon and Flipkart have passed on over Rs 300 crore in GST savings to customers during early festive sales. The platforms implemented tech and communication measures to ensure GST reductions on items under the new 5% and 18% slabs

Posted in GST | 384 Views