CAclubindia News
SPL-01/SPL-02 Filing Glitch: GSTN Issues Advisory for Taxpayers
13 June 2025 at 09:16Taxpayers filing amnesty applications via Form SPL-01/SPL-02 under Section 128A of the CGST Act are facing glitches on the GST Portal in auto-populating payment details. GSTN advises uploading payment proof manually for officer verification.
GSTN Issues Clarification on HSN Table 12 for B2C Supplies in GSTR-1 Filing
12 June 2025 at 09:22The Goods and Services Tax Network (GSTN) has issued an important clarification addressing challenges faced by taxpayers while filing GSTR-1 returns when they have only B2C supplies and are required to fill Table 12 (HSN Summary). The Clarification w
CBI Arrests CGST Superintendent and Tax Advocate for Rs 1 Lakh Bribe in GST Penalty Waiver Case
12 June 2025 at 09:14CBI has arrested Nishan Singh Malli, Superintendent of Central Goods and Services Tax (CGST), Amroha and tax advocate Amit Khandelwal for allegedly accepting a bribe of Rs 1 lakh-part of a Rs 4 lakh demand-in exchange for waiving GST penalties.
GSTN Issues Advisory as Over 3 Lakh Amnesty Applications Filed Under Section 128A
12 June 2025 at 09:10GSTN has issued an advisory for taxpayers facing technical issues while filing amnesty applications under Section 128A of the CGST Act, in light of the approaching deadline and the growing number of representations from trade bodies seeking assistance.
FEMA Amendment 2025: Bonus Shares Permitted for Foreign Investors in Restricted Sectors
12 June 2025 at 09:05The Ministry of Finance has notified an amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, allowing Indian companies operating in sectors where Foreign Direct Investment (FDI) is prohibited to issue bonus shares
Income Tax Department Releases Common Offline Utilities for ITR-1 and ITR-4 for AY 2025-26
12 June 2025 at 09:03The Income Tax Department has released the Common Offline Utility (COU) for filing Income Tax Returns (ITR-1 and ITR-4) for the Assessment Year 2025-26
Sikkim-Based Units Under CGST Scanner for Rs 1,032 Crore GST Refund Irregularities
11 June 2025 at 09:24Several manufacturing units in Sikkim have come under the scanner of the CGST department for allegedly misusing the Scheme of Budgetary Support, 2017
Centre Mulls Tax Relief for Banks on NPA Interest Income
11 June 2025 at 09:20The Indian government is currently reviewing a proposal to amend the Income Tax Act to align the definition of NPAs with that of the RBI - a move that could significantly ease tax burdens for banks and financial institutions.
Income Tax Department Cracks Down on Dubious Political Donation Claims Under Section 80GGC
11 June 2025 at 09:18The Income Tax Department, in a bid to curb misuse of tax deductions on political donations, has intensified scrutiny of claims made under Section 80GGC of the Income Tax Act
CBIC Clarifies HSN Code Rule: Mandatory for B2B, Optional for B2C Below Rs 5 Crore Turnover
11 June 2025 at 09:14The Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial clarification via its official X handle regarding the applicability of HSN codes in Table 12 of GSTR-1.
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