CAclubindia News
PAN Card Misused for Fake GST Registrations Worth Rs 43 Crore in Major Identity Theft Case
02 September 2025 at 09:15PAN card misused to create fake GST registrations, leading to Rs 43 crore fraud. Police launch probe into major identity theft case involving cyber crime.
Delhi CM Rekha Gupta Announces Rs 1600 Crore GST Refunds for Traders Before Diwali
02 September 2025 at 09:07Delhi CM Rekha Gupta announces release of Rs 1600 crore GST refunds pending since 2019, ahead of Diwali, with a new IT module to fast-track claims.
Indian Beverage Association Urges GST Council to Reclassify Aerated Drinks as 'Food/Merit' Goods
02 September 2025 at 08:59The Indian Beverage Association has urged the GST Council to reclassify aerated drinks as “food/merit” goods, seeking 18% GST instead of 40%, and lower GST on fruit juices to 5%.
CBDT Notifies New Tax Rules: 6-Year Extension Under Section 10(23FE)
02 September 2025 at 08:51CBDT extends tax exemption timelines under Section 10(23FE) by 6 years through the Income-tax (25th Amendment) Rules, 2025, aiding global funds.
GST Collections for August 2025 Rises 6.5% to Rs 1.86 Lakh Crore
02 September 2025 at 08:44India's GST collections rose to Rs 1.86 lakh crore in August 2025, up 6.5% year-on-year. Net revenue grew 10.7%, with Maharashtra, Karnataka, Tamil Nadu and Gujarat leading contributions.
Pre-Budget Meetings for FY 2026-27 to Begin on October 9
01 September 2025 at 09:25DEA to begin pre-budget meetings for Union Budget 2026-27 from October 9; ministries must submit estimates via UBIS by October 3, 2025.
CBIC Issues Directive to Validate BIS Registration Before Customs Clearance
01 September 2025 at 09:18CBIC directs customs to verify BIS registration online before clearance of imports; only valid registrations allowed, covering CCTVs and all CRO goods.
India's GDP Grows 7.8% in Q1 FY26, Fastest Pace Since Q4 FY24
01 September 2025 at 09:15India’s GDP grew 7.8% in Q1 FY26, the fastest in five quarters, led by manufacturing and services. Fiscal deficit, tariffs pose future challenges.
Centre Collects Rs 10.95 Lakh Crore in April-July FY26, Fiscal Deficit at 29.9%
01 September 2025 at 09:07Centre collects Rs 10.95 lakh crore in April-July FY26, 31.3% of BE; infra push lifts capital spend to Rs 3.5 lakh crore, fiscal deficit at 29.9%.
DGGI Detects Rs 140 Crore GST Evasion by Online Gaming Firm
01 September 2025 at 09:04DGGI Ahmedabad uncovers Rs 140 crore GST evasion by an online gaming firm; 36 bank accounts attached, Rs 10.6 crore paid, Chinese links under probe.
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