CAclubindia Articles

GST Revenue at All-Time High - A Genuine Growth or a Systematic Loot of Honest Taxpayers?

Posted by CA Digant Shah 05 May 2025 4095 Views

As a tax professional witnessing ground realities daily, here's why the so-called "GST success story" may be less about growth and more about enforcing revenue through manipulation and fear.

GST Registration Just Got Easier: New Grievance Redressal Mechanism Introduced

Posted by CA. Bhavik P. Chudasama 03 May 2025 389 Views

On 2nd May 2025, CBIC released Instruction No. 04/2025-GST, which introduces a formal grievance redressal mechanism for GST registration applicants.

New ITR-3 Form for AY 2025-26: Key Changes, Who Should File & How to Prepare

Posted by Rashmi 03 May 2025 1316 Views

This article covers all the critical changes introduced, the implications for taxpayers, and how to prepare for the new reporting requirements.

Place of Supply under GST: A Complete Guide

Posted by CA Shiwali Dagar 03 May 2025 3576 Views

Understand the concept of Place of Supply under GST and its crucial role in determining whether a transaction is intra-state or inter-state, impacting the applicability of CGST, SGST, or IGST. Learn about key provisions under Sections 7 to 13 of the IGST Act, 2017.

Simplified Taxation for Small Businesses: Understanding the Composition Scheme under CGST Act, 2017

Posted by CA.Sangam Aggarwal 02 May 2025 908 Views

Under the CGST Act, 2017, businesses are required to obtain GST registration once their aggregate turnover exceeds the prescribed threshold limits - Rs. 40,00,000 for suppliers of goods and Rs. 20,00,000 for providers of services.

RBI's 2025 Master Direction on Credit Reporting: Key Changes & Impact Explained

Posted by Affluence Advisory 02 May 2025 504 Views

The Reserve Bank of India (RBI), in its continued commitment to promote financial discipline, transparency, and consumer empowerment, issued the Master Direction - Credit Information Reporting, 2025 on January 6, 2025

Capital Gains Tax: Key Exemptions and How to Claim Them

Posted by Shivani 01 May 2025 4173 Views

This article explores the key exemptions detailed in a document from the Income Tax Department, covering eligibility, qualifying assets, and investment requirements for each section.

Non-Taxability of Lorry Hire Income Under GST

Posted by Rajagopal K 01 May 2025 3612 Views

This article clarifies the non-taxability of lorry hire income under GST, backed by relevant legal provisions, notifications, and case law.

Income Tax Return Forms ITR-1 and ITR-4 for AY 2025-26: Key Changes and Eligibility

Posted by Rashmi 01 May 2025 1858 Views

CBDT has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26 (Financial Year 2024-25), effective from April 29, 2025

Latest Updates in the Online 12A Registration Process by the Income Tax Department

Posted by Ishita Ramani 01 May 2025 658 Views

The Income Tax Department has delivered extensive updates and changes on the Online 12A Registration Process. This article shall deal with the same for your brief reference and understanding.