CAclubindia News

UPS Option Deadline Nears: Govt Urges NPS Subscribers to Apply by 30th Nov 2025

27 November 2025 at 06:09

The last date to opt for the Unified Pension Scheme (UPS) is Nov 30, 2025. Govt urges eligible NPS subscribers to apply online or via nodal offices.

Posted in Income Tax | 159 Views

FM Directs MCA to Strengthen E-Governance, Fast-Track Mergers and Improve Service Delivery

27 November 2025 at 06:09

FM Nirmala Sitharaman reviewed MCA’s RDs and ROCs, stressing simplified processes, transparent governance, a live dashboard, and a futuristic MCA for Viksit Bharat 2047.

Posted in Corporate Law | 1038 Views

MCA Plans Big Relief for Micro Companies: Statutory Audit Likely To Be Optional Up to Rs 1 Crore Turnover

27 November 2025 at 06:09

The Centre may exempt companies with turnover up to ₹1 crore from statutory audits, marking a major Companies Act reform set to be taken up in the Winter Session.

Posted in Corporate Law | 1 comments | 13839 Views

MGST Issues Circular Waiving Late Fees for October 2025 MVAT & PT Returns

27 November 2025 at 06:09

The Maharashtra GST Department has announced a complete waiver of late fees for MVAT, CST and PT monthly returns for October 2025 due to a system upgrade, subject to timely tax payment and revised filing deadlines.

Posted in GST | 2328 Views

West Bengal GST Department Issues Framework for Selecting Taxpayers for Audit Under WBGST Act, 2017

27 November 2025 at 06:09

The West Bengal GST Department has released guidelines outlining the criteria and process for selecting registered taxpayers for audit under the WBGST Act, 2017.

Posted in GST | 9042 Views

GST Refund Delays Hurt Punjab Industry, FICO Pushes for Automated System

26 November 2025 at 06:21

FICO has urged the Punjab government to automate GST refunds, citing delays caused by the inverted duty structure and a burdensome four-stage verification process.

Posted in GST | 201 Views

SIT Busts Rs 400 Crore GST Evasion Racket, 144 Shell Firms Linked to Job Scam Exposed

26 November 2025 at 06:21

UP's Special Investigation Team has busted a Rs 400-crore GST evasion racket involving 144 shell companies created using stolen documents of job seekers.

Posted in GST | 1902 Views

Centre Expects Mild Tax Shortfall After GST Cuts, Non-Tax Revenue to Bridge Gap

26 November 2025 at 06:21

The Centre anticipates a marginal shortfall in tax revenue this fiscal due to GST rate cuts, income-tax relief and global headwinds affecting corporate earnings.

Posted in GST | 861 Views

Finance Ministry Revives Plan to Merge Three PSU General Insurers

26 November 2025 at 06:21

The Finance Ministry is reassessing the long-pending merger of Oriental Insurance, National Insurance and United India Insurance after their financial health improved following major capital infusions.

Posted in GST | 462 Views