CAclubindia News

Poor Dhaba Cook Duped into Bank Fraud, Faces Rs 46 Crore Income Tax Notice

10 September 2025 at 09:24

A dhaba cook from Bhind, Madhya Pradesh, earning just Rs 10,000 a month, has been hit with a shocking Rs 46 crore income tax notice after being duped into opening a bank account linked to fraudulent transactions.

Posted in Income Tax | 1 comments | 6675 Views

Next-Gen GST Overhaul: Staple Foods Made Tax-Free, Processed Foods at 5%

10 September 2025 at 09:15

GST overhaul makes staples tax-free and lowers GST on processed foods to 5%. Big relief for consumers and small businesses.

Posted in GST | 333 Views

GST Returns Older Than 3 Years to Be Barred from Filing on Portal from Sept 2025 Tax period

10 September 2025 at 09:08

From Sept 2025, GST returns older than 3 years from due date cannot be filed. Taxpayers must clear pending filings before the deadline.

Posted in GST | 3723 Views

GST Reforms Slash Rates on Fitness, Sports Goods, Bicycles and Small Vehicles

10 September 2025 at 08:52

Government cuts GST on gyms, bicycles, toys, sports goods, two-wheelers and small cars. The move makes fitness, sports, and mobility more affordable for India's youth.

Posted in GST | 258 Views

GST Cuts on Automobiles and Heavy Industries to Boost Demand, Jobs and Exports

10 September 2025 at 08:51

GST rationalisation lowers rates on vehicles, parts, and transport services. The move to fuel demand, job creation, farm mechanisation and export growth.

Posted in GST | 204 Views

PM Modi Urges NDA MPs to Promote GST 2.0 and Make in India Ahead of Sept 22 Rollout

10 September 2025 at 08:48

Prime Minister Narendra Modi has asked NDA MPs to promote GST 2.0 reforms and the Make in India campaign by engaging traders and citizens.

Posted in GST | 117 Views

Income Tax Act 1961 Repealed from 1st April 2026, Correction Statement Deadline Announced

10 September 2025 at 08:48

The Income Tax Act, 1961 will be repealed from April 1, 2026, under the new Income Tax Act, 2025. Correction statements for FY 2018-19 to 2023-24 must be filed by March 31, 2026, or they will be time-barred.

Posted in Income Tax | 3036 Views

Ministry of Consumer Affairs Allows Revised MRP on Unsold Stock After GST Rate Changes Till Dec 2025

10 September 2025 at 08:47

The Ministry of Consumer Affairs has permitted manufacturers, packers, and importers to revise MRP on unsold stock due to GST rate changes until December 31, 2025. Original MRP must remain visible, with revisions limited to tax changes.

Posted in GST | 2484 Views

FM Sitharaman to Personally Monitor GST Rate Cut Implementation, Urges Citizens to Report Non-Compliance

09 September 2025 at 09:38

Finance Minister Nirmala Sitharaman to personally monitor GST rate cuts, urges citizens to report non-compliance, expects festive demand to offset Rs 48,000 cr loss.

Posted in GST | 1 comments | 1566 Views

GST Rate Cuts to Boost Consumption, Credit Growth and Economy: Bankers

09 September 2025 at 09:29

Bankers say GST 2.0 rate cuts on 396 items will boost consumption, credit growth, and economic activity. The reform, effective Sept 22, is set to lower inflation and strengthen India’s growth.

Posted in GST | 354 Views