CAclubindia News

ICAI Releases Admit Cards for CA Intermediate & Final May 2025 CA Exams

16 April 2025 at 16:53

The Institute of Chartered Accountants of India (ICAI) has officially released the CA Admit Card 2025 for candidates appearing in the May 2025 session of the CA Intermediate and CA Final examinations.

Posted in Students | 2496 Views

GST Department Targets Restaurants Over Untaxed Packaging Charges

16 April 2025 at 08:40

The GST department has reportedly issued summons to several restaurants listed on popular food delivery platforms such as Swiggy and Zomato.

Posted in GST | 2145 Views

Ministry of Finance Clarifies GST Applicability on Apartment Maintenance Charges Amid Resident Confusion

15 April 2025 at 07:29

In response to mounting confusion among apartment dwellers and Resident Welfare Associations (RWAs) over GST applicability on monthly maintenance charges, the Ministry of Finance and Corporate Affairs has issued a detailed clarification.

Posted in GST | 3 comments | 2979 Views

Income Tax Department Reopens Past Assessment Cases in Crackdown on Fake Purchases and Bogus Invoices

15 April 2025 at 07:29

In a renewed effort to tackle tax evasion, the Income Tax Department has initiated a fresh wave of reassessment proceedings targeting businesses suspected of inflating purchase entries to reduce their taxable profits.

Posted in Income Tax | 2595 Views

Dabur's Hajmola Under GST Scanner: Will It Be Taxed at 12% or 18% GST?

14 April 2025 at 07:31

According to a report, the DGGI's Coimbatore zone is probing whether Hajmola should be taxed as an ayurvedic medicine, attracting 12% GST or reclassified as a confectionery item, which carries a higher 18% GST.

Posted in GST | 1497 Views

GST Jolt for Karnataka Apartments: 18% Tax on Maintenance Fees Sparks Outrage

14 April 2025 at 06:43

2025-26 Union Budget has introduced a game-changer: housing societies must now impose an 18% GST on monthly maintenance fees if collections exceed Rs 20 lakh annually or if individual maintenance charges are Rs 7,500 or more.

Posted in GST | 2226 Views

Over 9.19 crore ITRs filed for FY 2024-25 by 31st March 2025

14 April 2025 at 06:43

India has achieved a new milestone in tax compliance, with 9.19 crore income tax returns (ITRs) filed for the financial year 2024-25 by March 31, 2025, according to the Income Tax Department.

Posted in Income Tax | 1839 Views

GSTN Issues Advisory on Reporting Values in Table 3.2 of GSTR-3B

12 April 2025 at 08:33

Table 3.2 of Form GSTR-3B captures the interstate supplies made to unregistered persons, composition taxpayers, and UIN holders out of the supplies declared in Table 3.1 & 3.1.1 of GSTR-3B.

Posted in GST | 2757 Views

GSTN to Implement Phase-III Changes in Table-12 of GSTR-1/GSTR-1A from April 2025

12 April 2025 at 08:33

GSTN is going to implement Phase-III of Table 12 of GSTR 1 & 1A from April, 2025 tax period onwards

Posted in GST | 2928 Views

MP Mason Receives Rs 314.79 Crore IT Notice, Alleges Identity Fraud

11 April 2025 at 09:07

Chandrashekhar Kohad, who has worked for years as a mason in Maharashtra, is at the centre of a financial mystery after receiving a recovery notice from the Income Tax department for unpaid dues related to assessment years 2014-15 and 2015-16.

Posted in Income Tax | 327 Views