CAclubindia News

Supreme Court Quashes Prosecution, Fines IT Department Rs 2 Lakh for Ignoring CBDT Circulars

01 September 2025 at 09:01

Supreme Court quashes prosecution against Vijay Krishnaswami, slams Income Tax Department for ignoring CBDT circulars; imposes Rs 2 lakh cost.

Posted in Income Tax | 37707 Views

GST Intelligence Unit Cracks Down on Fake Invoices Worth Rs 145 Crore in Karnataka

01 September 2025 at 08:47

DGGI Belagavi busts fake GST invoice fraud worth Rs 145 crore with Rs 43 crore tax evasion; one accused arrested, shell firms and forged documents seized.

Posted in GST | 306 Views

ICAI President Calls CAs to Lead India's Green Transition

01 September 2025 at 08:45

ICAI reaffirms its role in nation-building with sustainability, tax reforms, MSME support, digital assurance, and strategic global partnerships.

Posted in Professional Resource | 1812 Views

ICAI Recommends Key Suggestions On Practical Issues in GST

30 August 2025 at 09:23

ICAI suggests reforms in GST covering ITC, refunds, registration, and e-way bills to ease compliance and reduce litigation.

Posted in GST | 6177 Views

Muzaffarnagar Police Bust Rs 1300 Crore GST Evasion Racket Using Fake E-Way Bills

30 August 2025 at 09:16

Muzaffarnagar police uncovered a Rs 1,300 crore GST scam using fake e-way bills and forged documents. Two arrested; GST dept launches full probe.

Posted in GST | 333 Views

GoM Split on Compensation Cess Mechanism, May Propose Two Alternatives

30 August 2025 at 09:12

The GoM on GST compensation cess is divided. Options include continuing the levy or moving items to regular GST rates. Final decision due by Oct 31.

Posted in GST | 357 Views

GST Council May Hike Tax on Premium EVs to 28%

30 August 2025 at 09:04

The GST Council may raise GST on premium EVs up to 28%, while affordable EVs and buses retain a 5% rate. Final decision expected on Sept 3-4.

Posted in GST | 1632 Views

Finance Ministry Proposes Amendments to Indian Insurance Companies (Foreign Investment) Rules, 2015

30 August 2025 at 08:56

The Finance Ministry has issued draft rules amending Indian Insurance Companies (Foreign Investment) Rules, 2015, aligning with FEMA (NDI) Rules, 2019.

Posted in Community & General | 396 Views

Flipkart Faces Preliminary GST Probe Over Alleged Billing Practices

30 August 2025 at 08:55

Flipkart faces a preliminary GST probe by DGGI for allegedly misclassifying marketplace fees as transport charges to reduce tax liability, says report.

Posted in GST | 312 Views