CAclubindia News

CBDT Notifies Tax Exemption for District Legal Services Authorities in Haryana

15 July 2025 at 08:57

CBDT notifies tax exemption under Section 10(46) for District Legal Services Authorities in Haryana for AY 2024-25 to 2028-29, covering income from grants, court orders, fees and bank interest.

Posted in Income Tax | 228 Views

UPI Data Leads to GST Crackdown: Karnataka Govt Issues Notices to 14,000 Traders

15 July 2025 at 08:47

The Karnataka government has started using UPI data to identify GST evaders. Over 14,000 traders have received notices after exceeding the GST registration threshold.

Posted in GST | 5964 Views

Income Tax Department Cracks Down on Fake Deductions: Rs 1045 Crore Claims Withdrawn

15 July 2025 at 08:36

The Income Tax Department has launched a massive verification drive targeting fraudulent ITR filings involving bogus deductions under sections 10(13A), 80GGC, 80D, 80G, and others.

Posted in Income Tax | 4578 Views

J&K Government Makes GST-Linked Bank Accounts Mandatory for Contractor Payments

14 July 2025 at 09:04

Jammu & Kashmir mandates all contractor payments be made to GSTIN-linked bank accounts to boost transparency, prevent revenue leakage and ensure compliance with GST norms.

Posted in GST | 2835 Views

Shipping Ministry Pushes for Tax Parity to Support Domestic-Flagged Vessels

14 July 2025 at 08:59

The Shipping Ministry is seeking tax parity for Indian-flagged ships to boost their global competitiveness. A proposal is being discussed with the Finance Ministry to address high IGST, blocked GST credits and other levies.

Posted in GST | 1755 Views

GSTN Clarifies Table 12A Issue in GSTR-1 for B2C Transactions

14 July 2025 at 08:52

Taxpayers with only B2C supplies face GSTR-1 Table 12A errors if left blank. Learn the workaround and upcoming system upgrades for smooth GST return filing.

Posted in GST | 13200 Views

Audit Timeline Extended for FY 2021-22 Under WBGST Act

12 July 2025 at 09:23

West Bengal extends audit deadline under Section 65 of the WBGST Act for FY 2021–22. Audits now must be completed by August 22, 2025, or three months from commencement, whichever is later. Read full details here.

Posted in GST | 3255 Views

PAN, Aadhaar Misuse Triggers GST Notices: Rs 145 Crore Fraud Hits Rural Victims

12 July 2025 at 09:17

Three individuals from Ajmer became unwitting victims in a Rs 145 crore GST fraud after their documents were misused to open fake firms in Mumbai. Transactions using their PANs and Aadhaar cards triggered GST notices and police inquiries.

Posted in GST | 7971 Views

CBDT Extends Tax Exemption Timeline for Sovereign Wealth and Pension Funds Till March 31, 2030

12 July 2025 at 08:55

CBDT extends tax exemption deadline for SWFs and PFs under Section 10(23FE) to March 31, 2030, boosting long-term infrastructure investment in India.

Posted in Income Tax | 1863 Views

DGGI Busts Rs 266 Crore GST Fraud Involving Six Shell Companies

12 July 2025 at 08:50

DGGI Bengaluru Unit uncovers six shell companies with fraudulent invoices worth Rs. 266 crore involving Rs. 48 crore fraudulently claimed Input Tax Credit; mastermind arrested

Posted in GST | 321 Views