CAclubindia News

CBDT Recovers Rs 92,400 Crore in Outstanding Tax for FY 2024-25

03 April 2025 at 08:48

CBDT has successfully recovered ₹92,400 crore in outstanding tax liabilities in the ongoing financial year (2024-25) up to March 15, according to sources familiar with the matter.

Posted in Income Tax | 1527 Views

DFS Secretary Leads Meeting on Revamping Central KYC Records and Addressing KYC Challenge

03 April 2025 at 08:34

Secretary, DFS chaired a meeting at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to KYC compliance with the objective of making life of citizen comfortable while availing Financial Services

Posted in Others | 51 Views

No New 5% GST on Food Delivery Apps, Confirms Finance Ministry

03 April 2025 at 08:29

In a major clarification, the central government has stated that it has no plans to impose a fresh 5% Goods and Services Tax (GST) without input tax credit on food delivery platforms such as Zomato and Swiggy.

Posted in GST | 1731 Views

IBC Overhaul: 6 Amendments, 122 Regulatory Reforms Enhance Corporate Debt Resolution

03 April 2025 at 08:28

Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception. Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore

Posted in Corporate Law | 135 Views

Biometric Aadhaar Authentication & Document Verification Now Mandatory for GST Registration in Assam

03 April 2025 at 08:28

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam

Posted in GST | 108 Views

CBIC to Launch E-Processing for Imports & Exports via Air Passengers from 1st May 2025

02 April 2025 at 09:06

The CBIC has introduced electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and jewellery/samples/prototypes through personal carriage by air passengers from 01.05.2025 onwards at specified airports.

Posted in Custom | 198 Views

Mandatory 2FA for e-Way Bill & e-Invoice System

02 April 2025 at 08:55

To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2- Factor Authentication for logging in to e-Way Bill/e-Invoice system.

Posted in GST | 1965 Views

ICAI Launches Online Panel for Bank Branch Audit Queries

02 April 2025 at 08:46

With the bank audit season approaching, the Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of an Online Panel of Experts to assist members with bank branch audit-relate

Posted in Audit | 1278 Views

GST Revenue for March Jumps 9.9% YoY to Rs 1.96 Lakh Crore

02 April 2025 at 08:37

As per the provisional data released on April 1, 2025, the total gross GST revenue for the month reached ₹1,96,141 crore, marking a significant 9.9% growth compared to ₹1,78,484 crore collected in March 2024.

Posted in GST | 1053 Views

GST Consultant Arrested for Rs 42.73 Crore Fake Invoice Scam

01 April 2025 at 08:45

Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, have arrested a GST consultant in Vijayawada for his involvement in a large-scale fake invoice racket amounting to Rs 42.73 crore.

Posted in GST | 3849 Views