CAclubindia News

GST Fraud: Punjab Detects Rs 1,549 Crore Bogus Billing

14 May 2025 at 09:06

In a major offensive against tax evasion, Punjab's Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema announced the detection of bogus billing transactions worth Rs 1,549 crore and the blocking of fraudulent ITC claims

Posted in GST | 1317 Views

CBDT Grants Tax Exemption to Telangana State Pollution Control Board Under Section 10(46)

14 May 2025 at 09:03

CBDT, under the Ministry of Finance, has notified the Telangana State Pollution Control Board (TSPCB) as a tax-exempt entity under clause (46) of section 10 of the Income-tax Act, 1961.

Posted in Income Tax | 93 Views

ICAI Resumes Self-Paced Online Module (SPOM) Exams from 15th May 2025

14 May 2025 at 09:00

As per the latest update released by CA Anand Kumar Chaturvedi, Joint Secretary (Examinations), ICAI has decided to restart the SPOM examinations from May 15, 2025

Posted in Students | 1506 Views

ED Arrests 3 Traders in Rs 800 Crore GST Scam

13 May 2025 at 08:50

The Directorate of Enforcement (ED) on Saturday presented traders Shiv Kumar Deora, Mohit Deora, and Amit Gupta before the Special Prevention of Money Laundering Act (PMLA) court in connection with a massive Rs 800 crore GST fraud.

Posted in GST | 1164 Views

Thane Businessman Duped of Rs 4.5 Crore in GST Scam Using Fake Documents

13 May 2025 at 08:42

A 60-year-old businessman from Thane has reportedly been defrauded of Rs 4.5 crore in a sophisticated GST evasion scheme involving identity theft and misuse of company credentials, according to the police.

Posted in GST | 2139 Views

Himanta Sarma Defends GST as 'God-Sent Tax' Amid Border Tensions

12 May 2025 at 09:07

In a forceful rebuttal to the Congress party's persistent criticism of the GST, Assam CM Himanta Biswa Sarma on Friday hailed the GST as a "God-Sent Tax," crediting it for enabling critical defense procurements

Posted in GST | 1368 Views

CBI Arrests Income Tax Commissioner and 4 Others in Rs 70 Lakh Bribery Case

12 May 2025 at 08:56

CBI has arrested Jeevan Lal Lavidiya, Commissioner of Income Tax (Exemption), Hyderabad, for allegedly accepting a bribe of Rs 70 lakh to favour a tax appeal related to Shapoorji Pallonji Group.

Posted in Income Tax | 2301 Views

CBDT Notifies New ITR-7 Form for AY 2025-26

12 May 2025 at 08:53

The Central Board of Direct Taxes (CBDT) has notified the amended Income-tax Return Form ITR-7 through Notification No. 46/2025, published in the Gazette of India on May 9, 2025.

Posted in Income Tax | 2406 Views

Revised Schedule for CA May 2025 Exams Released

10 May 2025 at 21:14

The Institute of Chartered Accountants of India (ICAI) has officially revised the examination schedule for the CA Final, Intermediate, and International Taxation - Assessment Test (INTT-AT) for May 2025.

Posted in Students | 2430 Views

Finance Ministry Waives Customs Duty on Artworks and Antiques Meant for Public Display

10 May 2025 at 09:04

The Ministry of Finance in a significant move to promote cultural heritage and facilitate public access to valuable artworks and antiquities, has issued a new customs notification exempting select imported art and historical items from customs duties.

Posted in Custom | 831 Views