CBIC introduces an online Look Out Circular (LOC) portal, operational from March 2024, simplifying LOC requests for Indian and foreign citizens. Learn how field formations can access the portal.
ACB arrests two CGST officers in Vapi for allegedly accepting Rs 2,000 bribe from a nursery owner. Officers held under the Prevention of Corruption Act.
FHRAI urges the Finance Ministry to rationalise the GST regime for India’s hospitality sector, seeking regularisation of past dues, restoration of ITC benefits, and delinking of F&B GST rates from hotel tariffs.
ICAI announces a last opportunity for members to submit the MEF 2025–26 application on 16th & 17th October 2025. Apply via meficai.org before the final deadline.
India's net direct tax collections surged 6.3% to Rs 11.89 lakh crore as of October 12, 2025, driven by steady corporate earnings and lower refunds. Gross collections reached Rs 13.92 lakh crore, per CBDT data.
Government reviews Black Money Act; committee to assess harsh penalties, legal overlaps with the Income Tax Act, and challenges in enforcement.
Income tax refunds drop 16% as the government tightens fraud detection checks; taxpayers face longer verification for high-value claims.
Uttar Pradesh State Tax Department has uncovered a fake firm, M/s Kumar Service, in Lucknow that fraudulently claimed Rs 2.11 crore Input Tax Credit using forged documents.
The recent GST exemption on life insurance premiums may limit insurers' Q2 profits despite a 14.8% rise in new business premiums in September 2025.
The Bombay High Court has granted an interim stay on the 18% GST rate for restaurants inside premium hotels, challenging the tax disparity with standalone eateries taxed at 5%.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CAclubindia
