Delhi Police are investigating a massive Rs 70 crore GST fraud after scammers allegedly used the PAN and Aadhaar details of two men to create fake GST registrations and conduct bogus business transactions.
The State Goods and Services Tax (GST) Department has detected turnover suppression amounting to Rs 157.87 crore during surprise inspections across restaurants in the State.
ICAI releases FAQs clarifying when an Auditor's Opinion is mandatory under the UDIN system. The guidance outlines cases for GST, Tax Audits and other assurance functions, ensuring compliance with auditing standards and reporting consistency.
ICAI to propose changes easing advertising rules for CAs, boosting visibility, growth, and competitiveness of domestic audit and consultancy firms.
PM Modi says GST reforms are driving growth and job creation in MSME, retail and logistics; over 51,000 new jobs announced under Rozgar Mela.
ICAI has tightened fraud detection norms with new financial review parameters for FY24, focusing on high-risk companies, insolvency cases, and stricter scrutiny through its Financial Reporting Review Board (FRRB).
The Institute of Chartered Accountants of India (ICAI) has released the second edition of its Handbook on Input Service Distributor (ISD) under GST, updated till September 2025.
FM urged GST officers to be polite, empathetic, and tech-driven in dealing with honest taxpayers. She emphasized faster GST registration approvals, swift grievance redressal, and accountability within CBIC through timely disciplinary action.
GST 2.0 has given India's automotive industry a major boost, with car sales more than doubling since September 22.
While large companies have passed on the benefits, unorganised retailers remain slow to comply, prompting close monitoring by CBIC and government authorities to ensure full pass-through of GST benefits by December.
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