CAclubindia News

GSTN to Implement Phase-3 HSN Code Mandate & Table 13 Reporting From May 2025

02 May 2025 at 08:35

May 2025 Deadline Set for Mandatory Phase-3 HSN Code Reporting and Table 13 Compliance

Posted in GST | 18 Views

GST Revenue Soars 12.6% to All-Time High of Rs 2.37 Lakh Crore in April 2025

02 May 2025 at 08:35

GST collections hit a record high of ₹2.37 lakh crore in April 2025, marking a 12.6% year-on-year growth driven by robust domestic transactions and anti-evasion measures

Posted in GST | 21 Views

ICAI Calls on CAs to Lead India's Financial Literacy and Ethical Awareness Movement

01 May 2025 at 09:04

Explore how ICAI is empowering India's youth and professionals through financial literacy, capital market growth, and strategic partnerships paving the path toward a resilient and financially inclusive economy.

Posted in Professional Resource | 345 Views

Finance Ministry Amends Customs Duty Exemptions on Over 400 Chemical and Precious Metal Imports

01 May 2025 at 08:57

Finance Ministry updates customs notifications to revise HS codes across key chemical and metal imports, effective from April 30, 2025. Read full list of affected products.

Posted in Custom | 831 Views

Delhi Court Extends CBI Custody of IRS Officer and CA in Faceless IT Scheme Bribery Case

01 May 2025 at 08:52

A Delhi court on Tuesday extended the CBI custody of a senior Income Tax official and a Chartered Accountant for two more days in connection with a bribery case linked to the government's "faceless" income tax assessment scheme.

Posted in Income Tax | 1164 Views

CBDT Notifies ITR Forms 1 and 4 for AY 2025-26

30 April 2025 at 09:02

CBDT has notified the Income-tax (Twelfth Amendment) Rules, 2025 through Notification No. 40/2025, dated April 29, 2025, amending the Income-tax Rules, 1962. The revised ITR-1 and ITR-4 forms are now applicable for AY 2025-26.

Posted in Income Tax | 6402 Views

FM Nirmala Sitharaman Targets 1 Billion UPI Transactions Per Day Within 2-3 Years

30 April 2025 at 08:57

Union Finance Minister Nirmala Sitharaman has set an ambitious roadmap for India's digital payments ecosystem, emphasizing the need to achieve one billion Unified Payments Interface (UPI) transactions per day within the next two to three years.

Posted in Others | 198 Views

Customs Issues Instruction to Close Attari Integrated Check Post for All Movements Amid Security Alert

29 April 2025 at 08:59

Govt of India has ordered the closure of the Integrated Check Post (ICP) at Attari on the India-Pakistan border in Punjab, with immediate effect, following a terrorist attack on tourists at Pahalgam on April 22, 2025.

Posted in Custom | 1053 Views

Ministry of Finance Revises Authorized Banks for Customs Duty Collection

29 April 2025 at 08:56

The Ministry of Finance (Department of Revenue) has issued Notification No. 24/2025-Customs, introducing key amendments to the long-standing Notification No. 50/2017-Customs, originally dated June 30, 2017.

Posted in Custom | 249 Views

CBDT Sets Aggressive Rs 2.4 Lakh Crore Target to Unearth Black Money in FY 2025-26

29 April 2025 at 08:52

In a bold move to curb black money and strengthen the formal economy, the CBDT has unveiled an aggressive action plan for the fiscal year 2025-26.

Posted in Income Tax | 1788 Views