CAclubindia News

Nagpur Trader Arrested for Rs 33.93 Crore Fake ITC Scam Under MGST Act

05 August 2025 at 09:07

Maharashtra GST Dept. arrests Nagpur trader Mahesh Keshwani for availing Rs 33.93 crore fake ITC using bogus invoices from cancelled GST registrations. Judicial custody till Aug 14.

Posted in GST | 285 Views

CBI Arrests Customs Superintendent in Mumbai for Accepting Rs 10.20 Lakh Bribe

05 August 2025 at 09:02

CBI arrests Mumbai Customs Superintendent Krishan Kumar for accepting Rs 10.20 lakh bribe to clear consignments. Investigation reveals demands of Rs 10/kg and links to senior officers.

Posted in Custom | 1458 Views

Traders in Gujarat Allege Misuse of GST Inspection Powers by Officials

05 August 2025 at 08:58

Traders in Gujarat allege misuse of Section 67(1) of the GST Act by officials for harassment and extortion. Ahmedabad Traders' Federation demands reforms and protection for small businesses.

Posted in GST | 3876 Views

CGST Delhi South Busts Rs 47.12 Crore Fake ITC Racket in Iron & Steel Trade

05 August 2025 at 08:45

The CGST Delhi South Commissionerate has busted a Rs 47.12 crore Fake ITC racket in the iron and steel sector. A Naraina-based trader was arrested for availing bogus ITC using fake invoices and cancelled GSTINs without the actual supply of goods.

Posted in GST | 123 Views

India Boosts Digital Transactions: RuPay, UPI Incentives & Cyber-Security Measures Announced

05 August 2025 at 08:43

The Government, Reserve Bank of India (RBI) and National Payment Corporation of India (NPCI) have been taking up various initiatives to promote digital payment transactions.

Posted in Others | 102 Views

Income Tax Bill 2025: Lok Sabha Panel Recommends Over 330 Changes to Boost Clarity

04 August 2025 at 09:12

The Lok Sabha Select Committee spent 25,000 hours reviewing the Income Tax Bill 2025, recommending 330+ clarity-focused changes.

Posted in Income Tax | 2583 Views

Fake E-Way Bills Generated Using Empty Vehicles in Hyderabad

04 August 2025 at 09:04

The Commercial Taxes Department in Hyderabad uncovered GST fraud involving fake e-way bills and empty vehicles. Fraudsters used immobilized cars and staged photos to evade tax. FIRs expected.

Posted in GST | 12423 Views

GST Notices sent to 7000 Unregistered Vendors in Karnataka based on UPI Transaction Data

04 August 2025 at 08:54

Karnataka issues GST notices to 7,000 unregistered vendors based on UPI data. No tax demand yet, but vendors must register or prove exemption. CM Siddaramaiah promises relief.

Posted in GST | 1 comments | 9399 Views

ICAI Halts SPOM Tests from 11th to 20th August 2025 for Software Upgradation

04 August 2025 at 08:39

ICAI announces suspension of Self-Paced Online Module Tests from August 11 to 20, 2025, due to portal maintenance. Slot booking to resume from August 21.

Posted in Students | 381 Views

Finance Ministry Notifies Revised Recruitment Rules for Senior Accountants under Central Civil Accounts Service

02 August 2025 at 09:27

The Ministry of Finance has notified new recruitment rules for Senior Accountants under the Central Civil Accounts Service, detailing promotion criteria, pay scale, eligibility, and probation period. Effective August 1, 2025.

Posted in Accounts | 1677 Views