CAclubindia News

GST 2.0: Finance Ministry Holds Talks with Industry on Simplifying Tax Structure

06 June 2025 at 09:12

The Finance Ministry has initiated consultations with industry stakeholders to address persistent concerns surrounding the GST and gather suggestions for streamlining the indirect tax framework.

Posted in GST | 864 Views

Income Tax Department Launches 360-Degree Profiling to Track HNIs Underreporting Income

06 June 2025 at 09:08

The Income Tax Department, in a significant move to curb tax evasion, has intensified its scrutiny of High Net Worth Individuals (HNIs) suspected of underreporting their income.

Posted in Income Tax | 1323 Views

Nationwide GST Data Leak Scam Exposed: Surat CA Body Seeks Urgent FM Action

06 June 2025 at 09:04

A shocking nationwide scam involving the illegal sale of sensitive GST data of traders has come to light, with Delhi, Ghaziabad and Noida emerging as operational hubs of a data racket allegedly run by a gang named 'Data Solution'.

Posted in GST | 12732 Views

GST Inspector Arrested Red-Handed in Palwal for Taking Bribe of Rs 5000

05 June 2025 at 09:32

Anti-Corruption Bureau (ACB), Faridabad, on Monday arrested a female GST Inspector, identified as Sumitra, while she was allegedly accepting a bribe of Rs 5,000 in exchange for issuing a GST registration number.

Posted in GST | 399 Views

CBDT Notifies Tax Info Sharing to Aid Maharashtra's Girl Child Welfare Scheme

05 June 2025 at 09:28

Ministry of Finance (Department of Revenue) has issued a notification authorizing the sharing of Income Tax data with the Government of Maharashtra to help identify eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana.

Posted in Income Tax | 147 Views

FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement

05 June 2025 at 09:25

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili

Posted in Others | 120 Views

Finance Ministry Calls for Streamlining of Central Schemes Ahead of 2026 Deadline

05 June 2025 at 09:23

The Finance Ministry has called for a stricter and outcome-driven approach to reappraise all Central Sector Schemes (CSs) and Centrally-Sponsored Schemes (CSSs) that are set to end by March 31, 2026.

Posted in Others | 78 Views

ICAI Releases Draft Panel for Appointment of Statutory Auditors for State and Central Co-operative Banks for FY 2025-26

05 June 2025 at 09:21

ICAI has released the Draft Panel for the Appointment and Re-appointment of Statutory Auditors for State Co-operative Banks (StCCBs) and Central Co-operative Banks (CCBs) for the financial year 2025-26.

Posted in Audit | 3363 Views

Income Tax Return Forms ITR-1 and ITR-4 Now Available for Online Filing with Prefilled Data

04 June 2025 at 13:27

The Income Tax Department has enhanced the online filing experience for taxpayers by enabling the Income Tax Return (ITR) forms ITR-1 (Sahaj) and ITR-4 (Sugam) to be filed online with prefilled data.

Posted in Income Tax | 1071 Views

19 Year Old Boy in Crore GST Scam: B2C Credit Fraud Busted

04 June 2025 at 11:34

A 19-year-old youth whose name is Sanket Mittal was involved in fraudulently availing Input Tax Credit under the Goods and Services Tax (GST) regime by misusing B2C credit from online mobile sales (like Amazon, Flipkart, Appario).

Posted in GST | 957 Views