CAclubindia News
Tax Community Shocked as ITAT Endorses 22% Tax on LTCG Under Section 115BAA
03 November 2025 at 06:26In a controversial ruling, the ITAT has upheld a 22% tax on long-term capital gains, equating it with the corporate tax rate u/s 115BAA, a decision tax experts say ignores legislative intent and could invite arbitrary tax demands.
Gross GST Revenue Rises 4.6% YoY to Rs 1.96 Lakh Crore in October 2025
03 November 2025 at 06:26India's gross GST revenue rose 4.6% year-on-year to Rs 1.96 lakh crore in October 2025, driven by strong import collections and higher compliance. Cumulative FY26 GST collections up 9% to Rs 13.89 lakh crore.
GST Registration to Be Auto-Approved Within 3 Days Under New CBIC Rules, Effective 1st Nov 2025
03 November 2025 at 06:26CBIC dated Oct 31, 2025, has introduced new Rules 9A and 14A under the CGST Rules, enabling electronic auto-approval of GST registration and simplified registration for small taxpayers with monthly tax liability below Rs 2.5 lakh, effective Nov 1, 2025.
CBIC Extends Online Application Facility for MOOWR Scheme on Invest India Portal Till 15th Nov 2025
03 November 2025 at 06:26CBIC extends the online application facility for the MOOWR Scheme on the Invest India portal till November 15, 2025. A new CBIC-hosted digital module for MOOWR/MOOSWR applications is under final testing and will be deployed soon.
SC Halts GST Demand on JDA Project, Sparks Debate on Taxability of Land Transfers
03 November 2025 at 06:26The Supreme Court has stayed a GST demand on a real estate project under a Joint Development Agreement (JDA), reigniting debate on whether development rights constitute a taxable service or transfer of land.
GSTN Issues Advisory on Simplified GST Registration Scheme under Rule 14A Effective 1st November 2025
01 November 2025 at 15:53The GSTN, on November 1, 2025, issued an advisory introducing the Simplified GST Registration Scheme under Rule 14A of the CGST Rules, 2017.
CGST Delhi South Commissionerate Busts Rs 31.95 Crore Fake ITC Racket
01 November 2025 at 09:33The CGST Delhi South Commissionerate has busted a Rs 31.95 crore fake Input Tax Credit (ITC) racket and arrested a company director for availing fraudulent ITC through fake invoices without actual supply of goods or services.
Customs Act Amended: CBIC Inserts Reference to Section 18A via Notification 68/2025
01 November 2025 at 06:41The Central Board of Indirect Taxes and Customs (CBIC) has notified Customs (N.T.) Notification No. 68/2025, amending Notification No. 26/2022–Customs (N.T.) to insert a reference to Section 18A under the Customs Act, 1962.
ITAT Mumbai Quashes Rs 445 Crore Tax Demand Against Netflix India
01 November 2025 at 06:41The ITAT Mumbai has quashed a Rs 445-crore transfer pricing demand against Netflix India, ruling that the company operates as a limited-risk distributor and not a content or technology provider.
CBIC Introduces Rs 1000 Fee for Electronic Applications Under New Customs Regulations 2025
01 November 2025 at 06:41CBIC issues Notification No. 69/2025-Customs (N.T.) introducing a Rs 1,000 fee for electronic applications under the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025
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