CAclubindia News


Rs 100 Crore GST Fraud Unearthed in Chittoor Using Identities of Daily Wage Earners

   05 January 2026 at 09:08

A Rs 100 crore GST fraud allegedly originating in Chittoor exposed misuse of Aadhaar and PAN of daily-wage earners to create fake ITC claims.

Posted in GST |   333 Views


Finance Ministry Clarifies: NCCD Not Withdrawn Under New Tobacco Tax Regime

   05 January 2026 at 09:08

NCCD will remain applicable on cigarettes even after new excise duty from Feb 1, 2026, Finance Ministry sources confirm amid tax structure changes.

Posted in Excise |   2604 Views


New Year Message from ICAI President: India's Economic Momentum, CA Reforms & Global Expansion Plans

   05 January 2026 at 09:08

ICAI President outlines India’s economic rise, revised Code of Ethics, global networking norms, startup ecosystem and future roadmap for CA firms in 2026.

Posted in Professional Resource |   1314 Views


FAQs on Machine-Based Levy for Chewing Tobacco, Jarda and Gutkha Explained

   03 January 2026 at 06:44

Central Excise notifies effective duty rates and new capacity-based levy Rules, 2025 for chewing tobacco, jarda and gutkha, effective 1 Feb 2026, detailing duty calculation, declarations, abatement and compliance norms.

Posted in Excise |   975 Views


Income Tax Department Releases Updated Common Offline Utilities for ITR 1 to ITR 7

   03 January 2026 at 06:44

Download the latest Common Offline Utility for ITR-1 to ITR-7 to prepare income tax returns offline, validate data, generate JSON files and upload easily on the e-filing portal.

Posted in Income Tax |   420 Views


Centre Issues Detailed Rules for Health Security Se National Security Cess, Effective 1st February 2026

   03 January 2026 at 06:43

The Central Government has notified the Health Security to National Security Cess Rules, 2026, prescribing registration, declaration, payment, audit, and compounding procedures. Rules to come into force from 1 February 2026.

Posted in Others |   1314 Views


MCA 2025 Review: Fast-Track Mergers Expanded, IBC Recoveries Touch Rs 3.99 Lakh Crore

   03 January 2026 at 06:43

The Ministry of Corporate Affairs' Year-End Review 2025 highlights key reforms including higher small company thresholds, simplified director KYC norms, expanded fast-track mergers, Rs 3.99 lakh crore IBC recoveries

Posted in Corporate Law |   1035 Views


PFRDA Policy Reforms: Banks to Manage NPS, New Trustees Appointed, IMF Rationalised

   03 January 2026 at 06:43

PFRDA approves major NPS reforms allowing scheduled commercial banks to sponsor pension funds, appoints new NPS Trust trustees, revises Investment Management Fee slabs from April 1, 2026

Posted in Income Tax |   234 Views


GST Collections Rise 6.1% to Rs 1.75 Lakh Crore in December 2025

   02 January 2026 at 09:32

GST collections rose 6.1% YoY to Rs 1.75 lakh crore in December 2025, driven by strong import GST and improved compliance, official data shows.

Posted in GST |   522 Views


GST on Pan Masala, Cigarettes to Be Levied on Retail Sale Price from 1st February 2026

   02 January 2026 at 06:41

CBIC has notified RSP-based GST valuation for pan masala, cigarettes, and tobacco products through Notifications 19/2025 and 20/2025. New Rule 31D under CGST Rules comes into effect from February 1, 2026.

Posted in GST |   5832 Views