CAclubindia News


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 |   90 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 |   174 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 |   867 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 |   462 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 |   3543 Views


CBDT Signs Record 174 Advance Pricing Agreements in FY 2024-25

   01 April 2025 at 08:45

The Central Board of Direct Taxes (CBDT) entered into a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2024-25.

Posted in Income Tax |   1278 Views


CBI Books Five Hyderabad-Based Income Tax Officials, Chartered Accountant for Alleged Extortion

   01 April 2025 at 08:45

CBI has registered a case against five officials of the Income Tax department and a CA based in Hyderabad for allegedly extorting money from taxpayers in exchange for favorable treatment in their tax matters.

Posted in Income Tax |   306 Views


Egg Seller Shocked by Rs 6 Crore GST Notice for Non-Existent Business

   31 March 2025 at 08:53

In a bizarre and distressing case of identity theft, an egg seller in Madhya Pradesh has been served notices for Goods and Services Tax (GST) dues worth Rs 6 crore for a business he never knew existed.Prince Suman, a resident of Pathariya Nagar in Da

Posted in GST |   3099 Views


IPL Ticket Prices Spark Social Media Uproar Over 70% Tax Burden

   31 March 2025 at 08:46

A recent social media post has ignited a heated debate over the steep taxation on Indian Premier League (IPL) tickets, particularly after a Chennai Super Kings (CSK) vs Royal Challengers Bengaluru (RCB) match at Chennai's MA Chidambaram Stadium.

Posted in GST |   1800 Views


Finance Act 2025 Notified: Key Tax Reforms and Compliance Enhancements

   31 March 2025 at 08:42

The Government of India has officially notified the Finance Act 2025, following its passage in both houses of Parliament and the Presidential assent on March 29, 2025.

Posted in Income Tax |   4272 Views