CAclubindia News

New Duty Deferment Scheme: CBIC Outreach Highlights Benefits for MSMEs

30 March 2026 at 09:30

Central Board of Indirect Taxes and Customs (CBIC) organised an outreach programme in New Delhi on the Duty Deferment Scheme (EMI), highlighting benefits, eligibility, and compliance for manufacturer importers.

Posted in Custom | 78 Views

CBDT Issues New UIN Procedure for Form 121 Declarations from 1st April 2026 Under IT Act 2025

30 March 2026 at 09:30

CBDT Notification 01/2026 introduces mandatory UIN generation for Form 121 and quarterly reporting rules for payers under the Income Tax Act 2025, effective April 1, 2026.

Posted in Income Tax | 2334 Views

New GDP Series 2022-23 Uses 300+ Data Sources, Says FM Sitharaman

30 March 2026 at 09:26

India's new GDP series (2022-23 base year) uses over 300 data sources, GST and PFMS data to improve accuracy. FM Nirmala Sitharaman explains evolution since 1948.

Posted in Others | 27 Views

KPMG UK Plans Job Cuts: Up to 440 Audit Roles at Risk Amid Market Slowdown

30 March 2026 at 09:25

KPMG UK plans potential layoffs impacting up to 440 audit employees amid low attrition and market slowdown. Nearly 600 staff are at risk as restructuring begins.

Posted in Audit | 30 Views

CBIC Clarifies No Validity Limit for Exporters' Self-Sealing Permission

30 March 2026 at 09:25

CBIC Circular 14/2026 clarifies that self-sealing permission for exporters has no expiry and continues indefinitely unless revoked for non-compliance or misuse.

Posted in Custom | 60 Views

No Income-Based Tax at Purchase Stage: FM Sitharaman Clarifies GST Framework

28 March 2026 at 09:29

Finance Minister Nirmala Sitharaman states in Lok Sabha that GST is a fair, pro-poor tax system with exemptions on essential goods and low rates on basic necessities.

Posted in GST | 2685 Views

Central Excise Amendments 2026: Govt Revises Key Figures in Official Corrigendum

28 March 2026 at 09:28

Government issues corrigendum to Central Excise notifications dated March 26, 2026, revising key duty rates from 18.5% to 12% and 3% to 9.5%. Read full details...

Posted in Excise | 72 Views

CBDT Extends TDS Certificate Deadline for Dec 2025 Quarter to 31st March 2026

28 March 2026 at 09:25

CBDT extends the due date for issuing TDS certificates for Q3 FY 2025–26 to March 31, 2026, citing technical glitches on the income tax portal.

Posted in Income Tax | 5667 Views

Finance Bill 2026: Relief and Clarity on Buyback Taxation for Promoters

28 March 2026 at 09:24

Finance Bill 2026 clarifies that the 12% surcharge applies only to additional Income Tax payable by promoters on capital gains from share buybacks. Read full details.

Posted in Income Tax | 1218 Views

Central Excise Changes 2026: Govt Revises Duty on Fuel, Updates Export Exemptions and ATF Levy

28 March 2026 at 09:24

The Ministry of Finance, India has issued multiple Central Excise notifications revising duty rates on petrol, diesel and aviation turbine fuel, along with new export exemptions and compliance rules effective immediately.

Posted in Excise | 1704 Views