CAclubindia News


India Records Strong Fiscal Performance: Rs 12.74 Lakh Crore Tax Revenue, Higher State Transfers

   03 December 2025 at 06:42

ndia's fiscal update for April-October 2025 shows total receipts of Rs 18 lakh crore, tax devolution of Rs 8.34 lakh crore to states, and expenditure at Rs 26.25 lakh crore.

Posted in Income Tax |   90 Views


MCA Raises Small Company Thresholds: Paid-Up Capital Rs 10 Crore, Turnover Rs 100 Crore

   02 December 2025 at 09:29

MCA revises the definition of small company, raising paid-up capital limit to Rs 10 crore and turnover to Rs 100 crore under the Companies Act. Amendment effective December 1, 2025.

Posted in Corporate Law |   15180 Views


GST Reforms, Labour Codes and Tax Overhaul Power India's Growth: CEA Nageswaran

   02 December 2025 at 08:03

India’s structural reforms, stable inflation, and strong capex are boosting efficiency and growth, said CEA V Anantha Nageswaran, as agencies revise FY26 GDP outlook upward.

Posted in GST |   450 Views


Supreme Court Slams Income Tax Department for Filing Frivolous SLP in a Settled Matter

   02 December 2025 at 06:45

The Supreme Court has slammed the Income Tax Department for filing a frivolous SLP in a settled case, warning against repetitive and wasteful litigation.

Posted in Income Tax |   1446 Views


Manipur GST (Second Amendment) Bill, 2025 Tabled in Parliament

   02 December 2025 at 06:45

Parliament introduces Manipur GST Amendment Bill 2025 with new compliance measures, penalty norms, unique ID marking and retrospective GST clarifications.

Posted in GST |   225 Views


Centre Introduces Health Security Se National Security Cess Bill 2025

   02 December 2025 at 06:45

The Centre has introduced the Health Security & National Security Cess Bill, 2025 to fund emergency health and national safety measures. Learn key provisions, cess structure, exemptions, and expected impact.

Posted in Others |   396 Views


Gross GST Revenue Rises by 0.7% to Rs 1.70 Lakh Crore in November 2025

   02 December 2025 at 06:45

GST revenue for November 2025 rose to Rs 1.70 lakh crore, driven by a 10% surge in IGST from imports, even as domestic collections dipped. Year-to-date revenue shows strong 8.9% growth.

Posted in GST |   675 Views


Centre Proposes Major Excise Duty Hike on Tobacco Products Under Central Excise (Amendment) Bill, 2025

   01 December 2025 at 15:41

The Central Excise (Amendment) Bill, 2025 proposes steep hikes in excise duty on cigarettes, tobacco and nicotine products as the GST compensation cess nears its end.

Posted in Excise |   2130 Views


Reliance Industries Gets Rs 56.44 Crore GST Penalty u/s 74, To Appeal ITC Interpretation

   01 December 2025 at 06:46

RIL will challenge a Rs 56.44 crore GST order passed under Section 74, saying the department misinterpreted input tax credit provisions.

Posted in GST |   1932 Views


GST Rationalisation Fuels Consumption Growth as Economy Strengthens: Finance Ministry Review

   01 December 2025 at 06:46

GST rate cuts have boosted India’s economic activity, strengthened consumption, and improved inflation outlook, the Finance Ministry’s October review shows.

Posted in GST |   804 Views



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