CAclubindia News

Fake Income Department Tax Mail Leads to Rs 60 Lakh Cyber Fraud at Ahmedabad Company

14 October 2025 at 06:39

An Ahmedabad firm lost Rs 60 lakh after fraudsters sent a fake Income Tax email, installed malware, and tricked staff via WhatsApp spoofing.

Posted in Income Tax | 1407 Views

GST Portal Enables Filing of GSTR-9 and GSTR-9C for FY 2024-25

13 October 2025 at 06:59

GST portal now live for GSTR-9 & GSTR-9C filing FY 2024-25. File before Dec 31, 2025. Check eligibility, fees, and filing steps.

Posted in GST | 2709 Views

Supreme Court Stays Rs 780 Crore GST Proceedings Against Nirdesa Networks

13 October 2025 at 06:35

The Supreme Court has stayed DGGI's Rs 780 crore GST notice against Nirdesa Networks and tagged the case with the pending online gaming batch, offering interim relief amid ongoing legal uncertainty on GST applicability to skill-based games.

Posted in GST | 255 Views

CBIC Directs 90% Provisional Refunds to Ease Cash Flow Under Inverted Duty Structure

13 October 2025 at 06:35

The CBIC has directed tax officials to release 90% of GST refund claims on a provisional basis to address liquidity issues under the inverted duty structure, following the recent GST rate rationalisation.

Posted in GST | 396 Views

CAG Flags Systemic Gaps in E-Way Bill Mechanism Under GST

13 October 2025 at 06:34

A CAG audit has exposed serious deficiencies in the GST e-way bill system, including duplicate bill generation, invalid taxpayers using the portal, and weak validation controls, urging immediate corrective action.

Posted in GST | 1692 Views

Jamnagar Based CA Booked in Rs 560 Crore Fake Billing Racket

13 October 2025 at 06:34

The Gujarat SGST Department has booked Jamnagar-based CA Alkesh Pedhadiya for his alleged role in a Rs 560 crore fake billing racket involving Rs 112 crore fraudulent ITC claims through 14 bogus firms.

Posted in GST | 2679 Views

NITI Aayog Urges Decriminalisation of Minor Tax Offences Under New Income Tax Act, 2025

13 October 2025 at 06:34

NITI Aayog's new paper urges decriminalising minor offences under the Income-tax Act, 2025, to promote trust-based tax governance. Learn how the proposed reforms aim to simplify compliance and reserve prosecution only for serious tax evasion cases.

Posted in Income Tax | 297 Views

GST Officials Arrest Businessman in Rs 12 Crore Fake ITC Racket

13 October 2025 at 06:34

Assam GST officials arrest businessman Ujjwal Kumar Agarwal for a Rs 12 crore fake ITC racket linked to bogus billing and tax evasion through M/s BKS Enterprises.

Posted in GST | 237 Views

Centre Mulls Allowing Refund of Unutilised ITC on Capital Goods Under Inverted Duty Structure

13 October 2025 at 06:34

Centre considers allowing refunds of unutilised ITC on capital goods under GST’s inverted duty structure, aiming to ease liquidity and support manufacturers.

Posted in GST | 1 comments | 1350 Views

GSTN Issues Advisory for Taxpayers Facing Errors While Filing GSTR-7

11 October 2025 at 07:06

GSTN issues an advisory for taxpayers facing "System Failure" and "Schema Validation Failed" errors while filing GSTR-7. Learn the step-by-step solutions and alternate filing methods to ensure smooth GST compliance.

Posted in GST | 2658 Views