CAclubindia News

Finance Ministry Plans Credit Support Scheme for MSMEs Hit by 50% US Tariffs

27 October 2025 at 06:33

The Finance Ministry is preparing a credit guarantee scheme for MSME exporters impacted by the recent 50% US tariffs

Posted in Corporate Law | 318 Views

Two Men Duped in Rs 70 Crore GST Fraud Using Stolen PAN and Aadhaar Details

27 October 2025 at 06:33

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.

Posted in GST | 1398 Views

State GST Department Detects Rs 157.87 Crore Turnover Suppression in Restaurant Inspections

27 October 2025 at 06:33

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.

Posted in GST | 1 comments | 40638 Views

ICAI Clarifies Auditor's Opinion Requirements in New UDIN FAQs

27 October 2025 at 06:33

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.

Posted in Audit | 6639 Views

Centre Likely to Relax Advertising Rules for Chartered Accountants

25 October 2025 at 10:22

ICAI to propose changes easing advertising rules for CAs, boosting visibility, growth, and competitiveness of domestic audit and consultancy firms.

Posted in Audit | 5064 Views

Record Diwali Sales Show GST Reforms Powering Economic Momentum: PM Modi

25 October 2025 at 09:39

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.

Posted in GST | 183 Views

ICAI Tightens Fraud Detection Norms for Financial Statements with Stricter Review Parameters

25 October 2025 at 06:18

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).

Posted in Audit | 8031 Views

ICAI Releases Revised Handbook on Input Service Distributor (ISD) Under GST

25 October 2025 at 06:17

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.

Posted in GST | 3651 Views

FM Sitharaman Urges GST Officers to Be Polite, Empathetic and Tech-Driven in Dealing with Taxpayers

25 October 2025 at 06:16

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.

Posted in GST | 1662 Views