CAclubindia News
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.
Supreme Court Quashes Prosecution, Fines IT Department Rs 2 Lakh for Ignoring CBDT Circulars
01 September 2025 at 09:01Supreme Court quashes prosecution against Vijay Krishnaswami, slams Income Tax Department for ignoring CBDT circulars; imposes Rs 2 lakh cost.
GST Intelligence Unit Cracks Down on Fake Invoices Worth Rs 145 Crore in Karnataka
01 September 2025 at 08:47DGGI 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.
ICAI President Calls CAs to Lead India's Green Transition
01 September 2025 at 08:45ICAI reaffirms its role in nation-building with sustainability, tax reforms, MSME support, digital assurance, and strategic global partnerships.
ICAI Recommends Key Suggestions On Practical Issues in GST
30 August 2025 at 09:23ICAI suggests reforms in GST covering ITC, refunds, registration, and e-way bills to ease compliance and reduce litigation.
Muzaffarnagar Police Bust Rs 1300 Crore GST Evasion Racket Using Fake E-Way Bills
30 August 2025 at 09:16Muzaffarnagar police uncovered a Rs 1,300 crore GST scam using fake e-way bills and forged documents. Two arrested; GST dept launches full probe.
GoM Split on Compensation Cess Mechanism, May Propose Two Alternatives
30 August 2025 at 09:12The 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.
GST Council May Hike Tax on Premium EVs to 28%
30 August 2025 at 09:04The 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.
Popular News
- Central Excise Duty Rates Revised: Rs 16 and Rs 10.5 Per Litre Effective 1st October 2026
- CBDT Extends Tax Audit Due Date for AY 2026-27 to 21st October 2026; ITR Deadline Moved to 21st November
- CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
- CBDT Revises Administrative Subordination of Income Tax (Appeals) Authorities under IT Act 2025
- GST Return Reforms: New ITC Reconciliation Mechanism Proposed from April 2027
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