CAclubindia News

GST Refund Filing Gets Stricter: Annexure-B Upload in JSON Format Now Mandatory for Unused ITC Claims

09 May 2026 at 09:45

GST portal updates refund filing utility for unused ITC claims. Annexure-B upload in JSON format now mandatory with invoice-level GSTR-2B validation and enhanced reconciliation requirements.

Posted in GST | 2184 Views

GST Update: Centre Revises HSN Code in Notifications Issued on April 30, 2026

09 May 2026 at 09:25

The Ministry of Finance has issued corrigenda to amend GST rate notifications dated April 30, 2026, replacing HSN code 2202 99 90 with 2202 91 00 under IGST, CGST and UTGST notifications.

Posted in GST | 114 Views

GSTAT Principal Bench Empowered to Hear Section 101B Appeals from 1st April 2026

09 May 2026 at 09:20

The Ministry of Finance has empowered the Principal Bench of the GST Appellate Tribunal (GSTAT), New Delhi, to hear appeals under Section 101B of the CGST Act, 2017. The notification is effective retrospectively from April 1, 2026.

Posted in GST | 39 Views

ICAI Takes Disciplinary Action for Non-Payment of Membership Fees Effective 1st November 2023

08 May 2026 at 09:45

ICAI has issued an Extraordinary Gazette Notification removing several Chartered Accountants from the register of members due to non-payment of prescribed fees under the Chartered Accountants Act, 1949. Check key details, effective date and implications.

Posted in Professional Resource | 4257 Views

RBI Issues FEMA (Authorised Persons) Regulations, 2026 to Streamline Forex Authorisation Framework

08 May 2026 at 09:32

RBI issues Foreign Exchange Management (Authorised Persons) Regulations, 2026 to simplify forex authorisation, expand the principal-agent model and strengthen India's foreign exchange regulatory framework under FEMA.

Posted in Others | 84 Views

Forms 56 to 60: Simplified Master File & CbCR Forms Under Income Tax Act 2025

08 May 2026 at 09:26

The IT Dept has introduced simplified Master File and CbCR forms under the IT Act, 2025. Effective from April 1, 2026, the new Forms 56 to 60 aim to simplify transfer pricing compliance

Posted in Income Tax | 1788 Views

Form 41 under IT Act 2025: Non-Residents Can Now Claim Nil TDS Under DTAA Without PAN

07 May 2026 at 09:29

Form 41 replaces Form 10F under the Income Tax Act 2025. Non-residents can claim DTAA benefits online without PAN/Aadhaar via a simplified e-filing process.

Posted in Income Tax | 1 comments | 4467 Views

MCA Forms Hindi Advisory Committee to Promote Official Language Implementation

07 May 2026 at 09:28

Government of India forms Hindi Salahkar Samiti under Ministry of Corporate Affairs to promote official language Hindi. Check members, tenure, functions and key details.

Posted in Corporate Law | 1524 Views

New Income Tax Rules for High-Value Transactions: SFT Reporting Made Mandatory

06 May 2026 at 09:30

Income Tax Department updates SFT reporting rules for 2026. Check thresholds, Form 165 filing, penalties and high-value transaction reporting requirements.

Posted in Income Tax | 5394 Views

Direct Tax Collections Rise 5.12% to Rs 23.40 Lakh Crore in FY 2025-26

06 May 2026 at 09:22

India's direct tax collections for FY 2025-26 rose 5.12% to Rs 23.40 lakh crore, driven by strong non-corporate tax growth and improved compliance, as per CBDT data.

Posted in Students | 99 Views