CAclubindia News

Halwa Ceremony Marks Final Phase of Union Budget 2026-27 Preparations

28 January 2026 at 07:01

Finance Minister Nirmala Sitharaman attended the Halwa Ceremony at North Block, signalling the completion of Union Budget 2026-27 preparations ahead of its presentation on February 1, 2026.

Posted in Union Budget | 84 Views

Chartered Accountant Accused of Misusing Friend's GST Account, Rs 4.69 Crore Demand Raised

28 January 2026 at 07:01

Trombay police booked a Lucknow-based chartered accountant for allegedly misusing a friend's GST account, leading to a Rs 4.69 crore tax demand and frozen bank account.

Posted in GST | 1248 Views

GST Relief for Insurers: Bombay HC Stays Rs 10,000 Crore Tax Demand

28 January 2026 at 07:01

The Bombay High Court stayed GST demands exceeding Rs 10,000 crore on 13 insurance companies, citing CBIC circulars excluding co-insurance premiums and ceding commissions from GST.

Posted in GST | 99 Views

EU-India Free Trade Agreement Concluded: Biggest Trade Deal Ever

28 January 2026 at 07:01

The EU and India have concluded a historic Free Trade Agreement, eliminating tariffs on 96.6% of EU exports, boosting trade, services access and sustainability cooperation.

Posted in Others | 39 Views

ICAI Announces Mock Test Papers Series I & II for CA Final May 2026 Exams

28 January 2026 at 07:01

ICAI announces Mock Test Papers Series I & II for CA Final May 2026 exams. Check full schedule, dates, subjects, mode and registration details.

Posted in Students | 102 Views

GST Council Urged to Scrap Rs 7500 Threshold and Fix Single 5% Tax Across Hotels

27 January 2026 at 06:53

The hotel industry has urged the GST Council to introduce a uniform 5% GST on hotel rooms and meals, scrapping the Rs 7,500 tariff threshold to simplify taxation and boost tourism and occupancy.

Posted in GST | 1554 Views

GST Enforcement Officer Caught Red-Handed Accepting Rs 3.5 Lakh Bribe

27 January 2026 at 06:53

A GST enforcement officer in Palakkad was caught red-handed by VACB while accepting a Rs 3.5 lakh bribe to release seized scrap-laden lorries. The accused will be produced before the vigilance court.

Posted in GST | 1032 Views

Union Budget 2026: Small Businesses Urge GST Relief, Simpler Compliance

26 January 2026 at 08:07

Small business owners across India are urging the Centre to announce GST relief, faster refunds, and simplified compliance in the Union Budget 2026–27.

Posted in GST | 975 Views

Former State Tax Officer Booked in Disproportionate Assets Case Worth Rs 23 Lakh

26 January 2026 at 07:37

VACB registers a case against a former State tax officer for allegedly holding Rs 23.46 lakh in assets disproportionate to known income; raids conducted in Ernakulam.

Posted in GST | 1044 Views

GST Scam Exposed: Consultant Accused of Faking Returns, Diverting Rs 7.2 Crore ITC

26 January 2026 at 07:37

Economic Offences Cell registers case against Belagavi-based GST consultant for alleged Rs 10 crore fraud involving fake supplies, forged returns, and ITC diversion.

Posted in GST | 165 Views