CAclubindia News

CGST Delhi South Commissionerate Uncovers Rs 16.30 Crore GST Evasion in 3 Firms, Key Accused Arrested

08 August 2025 at 08:49

The CGST Delhi South Commissionerate has detected Rs 16.30 crore GST evasion in three manpower and facility management firms. A key director was arrested and remanded to judicial custody as investigations continue.

Posted in GST | 216 Views

CBDT Grants Income Tax Exemption to Uttarakhand Pollution Control Board

08 August 2025 at 08:46

CBDT grants income tax exemption to Uttarakhand Pollution Control Board from AY 2025-26 under Section 10(46A), recognising its role in environmental protection...

Posted in Income Tax | 159 Views

Ministry of Finance Appoints Solomon Arokiaraj as Member of IFSCA Authority

08 August 2025 at 08:42

The Ministry of Finance has notified the appointment of Mr. Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA).

Posted in Community & General | 231 Views

Accountant Hacks GST Portal of Greater Noida Firm, Steals Rs 1.80 Crore via Fake Invoices

07 August 2025 at 09:19

Accountant in Greater Noida booked for siphoning off Rs 1.80 crore using fake GST invoices worth Rs 10 crore. Fraud detected during audit; FIR filed under cheating, forgery & cybercrime laws.

Posted in GST | 10203 Views

CBDT Detects Rs 630 Crore Undisclosed Income in Crypto Transactions

07 August 2025 at 09:11

CBDT detects Rs 630 crore in undisclosed crypto income and sends over 44,000 compliance notices under its NUDGE campaign. Learn how the government is cracking down on cryptocurrency linked tax evasion.

Posted in Income Tax | 1275 Views

Parliamentary Panel Urges Finance Ministry to Expedite GSTAT Bench Appointments Across India

07 August 2025 at 09:06

A parliamentary panel has urged the Finance Ministry to adopt a time-bound plan to operationalise GSTAT benches nationwide, citing delays in member appointments and their impact on GST dispute resolution.

Posted in GST | 153 Views

Parliamentary Panel Criticizes IT Dept for Not Segregating Business and Individual Income Under PIT

07 August 2025 at 09:03

A parliamentary panel has criticised the Income Tax Department for refusing to segregate business and individual income under PIT, calling for a clear action plan to improve tax transparency and policy formulation.

Posted in Income Tax | 1644 Views

Income Tax Bill 2025: No Exemption for Fast-Track Demergers, Startups May Suffer

07 August 2025 at 08:57

Experts have criticised the Income-Tax Bill, 2025 for excluding fast-track demergers from tax-neutral treatment, warning that it contradicts ease of doing business and increases tax burden on startups and MSMEs.

Posted in Income Tax | 2265 Views

Income Tax Department Detects Rs 30,444 Crore Undisclosed Income in FY25 Through 465 Surveys

07 August 2025 at 08:53

In FY25, the Income Tax Department detected Rs 30,444 crore in undisclosed income through 465 surveys, Parliament was informed. Seizures and search operations also yielded assets worth over Rs 2,500 crore.

Posted in Income Tax | 2943 Views

Over 91,000 GST Evasion & 44,000 ITC Fraud Cases Detected in 5 Years, Says Finance Ministry

06 August 2025 at 09:17

The Finance Ministry informed Lok Sabha that while GST collections have largely met targets from FY21 to FY25, tax evasion cases surged to over 91,000, with Rs 7.08 lakh crore detected. Measures like e-invoicing and Project Anveshan aim to curb fraud.

Posted in GST | 1665 Views