CAclubindia News


20 States Report Dip in GST Collections in October Amid Transition to GST 2.0 Rate Structure

   06 November 2025 at 06:46

GST collections slowed to 4.6% in October as 20 states saw declines, reflecting transition effects from the new GST 2.0 rate reform introduced in September.

Posted in GST |   288 Views


FM Sitharaman Announces Next-Gen Customs Reforms, Reaffirms Fiscal Discipline and Growth Vision

   06 November 2025 at 06:46

Finance Minister Nirmala Sitharaman unveils plans for next-generation customs reforms, fiscal stability and India's roadmap to becoming a top global economy.

Posted in Custom |   1017 Views


CBIC Clarifies GST Registration Requirement for Importers Storing Goods in Warehouses Outside Their Home State

   06 November 2025 at 06:46

CBIC clarifies that businesses storing goods in warehouses located in other States must obtain separate GST registration. The clarification outlines GST liability, invoicing, place of supply and compliance requirements under the CGST and IGST Acts.

Posted in GST |   984 Views


CBDT Grants Income Tax Exemption to Karnataka Housing Board Under Section 10(46A)

   06 November 2025 at 06:46

CBDT grants income tax exemption to Karnataka Housing Board under Section 10(46A) of the Income Tax Act, effective from AY 2024-25. The notification ensures no adverse impact from its retrospective application.

Posted in Income Tax |   51 Views


Income Tax Department Withdraws Long-Pending Rs 8500 Crore Transfer Pricing Case Against Vodafone India

   05 November 2025 at 09:39

The Income Tax Department has withdrawn its Rs 8,500 crore transfer pricing case against Vodafone India Services Pvt. Ltd., ending a decade-long dispute linked to a 2008 business restructuring.

Posted in Income Tax |   2019 Views


CAT Cuttack Imposes Rs 20,000 Cost on CBIC Officer for Non-Compliance in Suspension Case

   05 November 2025 at 06:30

CAT, Cuttack, has imposed a Rs 20,000 cost on a CBIC officer for non-compliance in the suspension case of Deepak Niranjan Nath Pandit, directing submission of a full compliance report or personal appearance on December 11, 2025.

Posted in Others |   924 Views


ICAI Presents Pre-Budget Suggestions for Union Budget 2026-27

   05 November 2025 at 06:30

ICAI’s Pre-Budget Suggestions for 2026-27 propose rational TDS, LLP reorganisation relief, compliance simplification, and green tax incentives for sustainable growth.

Posted in Union Budget |   1203 Views


Income Tax Department Warns Taxpayers Against Fake Messages and Phishing Scams

   04 November 2025 at 09:30

The Income Tax Department warns taxpayers against fake emails and SMS phishing scams impersonating official communication.

Posted in Income Tax |   321 Views


CBI Books CGST Assistant Commissioner in Jaipur for Rs 2.54 Crore Disproportionate Assets

   04 November 2025 at 06:33

The CBI has booked a CGST Assistant Commissioner from Jaipur for allegedly possessing assets worth Rs 2.54 crore, 100% beyond known income sources.

Posted in GST |   1503 Views


Finance Ministry Invites Industry Suggestions for Union Budget 2026-27 on Direct and Indirect Taxes

   04 November 2025 at 06:33

The Ministry of Finance has invited industry and trade associations to submit suggestions for Union Budget 2026-27 regarding changes in direct and indirect taxes.

Posted in Union Budget |   1098 Views



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