CAclubindia News

Supreme Court Rejects GST Department's Review Petition in Safari Retreats Case

23 May 2025 at 08:58

The Supreme Court of India has dismissed a review petition filed by the Chief Commissioner of Central Goods and Services Tax (CGST) against the 2024 judgment in the case involving Safari Retreats Private Limited.

Posted in GST | 5148 Views

Pan-India GST Drive Launched to Curb Evasion, Formalise Informal Economy: Sources

23 May 2025 at 08:54

The Government of India has launched a nationwide GST outreach campaign, instructing CBIC field formations to identify and onboard unregistered businesses across sectors.

Posted in GST | 2013 Views

From ICAI to Tesla: CA Vaibhav Taneja Bags $139 Million, Tops Global Pay Charts in 2024

22 May 2025 at 09:46

In a remarkable feat that underscores the rising influence of Indian talent in the global corporate sphere, Vaibhav Taneja, the Chief Financial Officer (CFO) of Tesla Inc., has emerged as the highest-paid Indian-origin executive in 2024.

Posted in Professional Resource | 14100 Views

CBIC Issues New Adjudication Framework for EOUs Involving Customs and Excise Duty Demands

22 May 2025 at 08:56

The Central Board of Indirect Taxes and Customs (CBIC) has issued a new notification [No. 35/2025 - Customs (N.T.)] outlining a clear adjudication structure for notices involving both customs and central excise duty.

Posted in Custom | 261 Views

MCA Extends Form CSR 2 Filing Deadline to 30th June 2025

22 May 2025 at 08:55

The Ministry of Corporate Affairs (MCA) has notified the Companies (Accounts) Amendment Rules, 2025, officially extending the deadline for filing financial statements from March 31, 2025, to June 30, 2025.

Posted in Corporate Law | 2346 Views

Massive GST Scam: 5 Arrested for Rs 156 Crore Fake Invoice Fraud

21 May 2025 at 08:54

The Crime Branch of Nagpur unearthed a massive Rs 156 crore GST fraud involving a network of businessmen who operated over 60-70 fake companies to conduct illegal hawala transactions, online gaming activities and claim fraudulent GST refunds

Posted in GST | 3474 Views

GST Officer Caught Red-Handed Taking Rs 45,000 Bribe in Greater Noida

21 May 2025 at 08:52

A GST official posted in Noida was caught red-handed while accepting a bribe of Rs 45,000 from a local businessman, officials said on Monday.

Posted in GST | 25344 Views

CBDT Notifies Revised Form ITR-U for Filing Updated Returns Under Section 139(8A)

20 May 2025 at 09:02

The Central Board of Direct Taxes (CBDT) has notified the revised Form ITR-U under Notification No. 49/2025, published in the Official Gazette.

Posted in Income Tax | 2877 Views

Finance Ministry Amends Rule 8 of Securities Contracts Rules to Boost Ease of Doing Business for Brokers

20 May 2025 at 08:57

The Department of Economic Affairs (DEA), Ministry of Finance, amended Rule 8 of the Securities Contracts (Regulation) Rules (SCRR), 1957, via Gazette Notification G.S.R. 318(E). T

Posted in Others | 1251 Views

CBIC Celebrates 8 Years of GST with 'Sundays on Cycle' Fitness and Outreach Campaign

19 May 2025 at 08:43

In the run-up to completion of eight years of GST, the CBIC, in coordination with the FIT INDIA Movement, organised a nationwide cyclothon titled "Sundays on Cycle" under the aegis of FIT INDIA movement launched by the Prime Minister, Shri Narendra Modi.

Posted in GST | 1920 Views