CAclubindia News

FM Sitharaman Hints at Major GST Rate Cut

10 March 2025 at 08:58

In a significant policy development, Finance Minister Nirmala Sitharaman has hinted at an upcoming reduction in GST rates while remaining non-committal on potential changes to capital gains tax.

Posted in GST | 3279 Views

ICAI Seeks Simplification of Income Tax Bill 2025, Recommends Fewer Sections and Clarity in Language

10 March 2025 at 08:57

The Institute of Chartered Accountants of India (ICAI) has submitted its recommendations to the Lok Sabha select committee currently reviewing the Income Tax Bill, 2025.

Posted in Income Tax | 4044 Views

India Needs Taxpayer-Friendly Reforms, Not Just Enforcement

08 March 2025 at 08:42

India's long-standing struggle between taxpayers and the tax office was supposed to end this year with the introduction of a new income tax law aimed at simplifying compliance and improving relations between the government and taxpayers.

Posted in Income Tax | 396 Views

ICAI Introduces SPMT Portal for Self-Paced Online Module Tests

08 March 2025 at 08:40

The Examination Department of ICAI has launched the SPMT Portal for the candidates who have completed prescribed learning hours for respective Self-Paced Online Modules.

Posted in Students | 17850 Views

GST Council Reconstitutes GoM with Revised Mandate to Analyze GST Revenue Trends

08 March 2025 at 08:39

In its 55th meeting held on December 21, 2024, in Jaisalmer, Rajasthan, the GST Council decided to reconstitute the Group of Ministers (GoM) on Analysis of Revenue from GST with revised Terms of Reference (ToR).

Posted in GST | 5958 Views

Income Tax Department Alerts Taxpayers About Fake Tax Refund Scams

07 March 2025 at 09:04

The Income Tax Department has issued an urgent warning to taxpayers, cautioning them against fraudulent calls and messages related to income tax refunds.

Posted in Income Tax | 8493 Views

Haryana, Maharashtra, Karnataka, Gujarat & Tamil Nadu Top GST Collections in February 2025

07 March 2025 at 09:00

The Excise and Taxation Department has recorded significant growth in Goods and Services Tax (GST) collection, reinforcing Haryana's strong fiscal performance. ..

Posted in GST | 420 Views

FM Sitharaman Launches Digital Credit Assessment Model for MSMEs to Streamline Loan Approvals

07 March 2025 at 08:59

Union Finance Minister and MoS, Finance launch the New Credit Assessment Model for MSMEs as announced in Union Budget 2024-25

Posted in Corporate Law | 312 Views

Mahakumbh Boosts UP's GST Collections, Contributing Over Rs 1000 Crore Increase

06 March 2025 at 08:46

Uttar Pradesh has recorded a significant jump in its GST collections, with over Rs 1,000 crore increase in January and February 2025 compared to the same period last year.

Posted in GST | 1824 Views

RBI to Inject Rs 1 Lakh Crore via OMO, Announces $10 Billion Forex Swap to Manage Liquidity

06 March 2025 at 08:41

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct operations to inject liquidity into the banking system

Posted in Others | 192 Views