CAclubindia News

GSTN Announces Major Enhancements in e-Way Bill Portal: Mandatory Ship-To GSTIN and EWB Closure Feature

22 May 2026 at 09:21

GSTN proposes key enhancements to the e-Way Bill (EWB) portal, including mandatory "Ship-To GSTIN" capture for Bill-To Ship-To transactions and a new EWB Closure functionality.

Posted in GST | 10008 Views

New Income Tax Act 2025 More Taxpayer-Friendly, Simpler to Understand: Chief Commissioner

21 May 2026 at 09:35

Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.

Posted in Income Tax | 2757 Views

ICAI Plans Major CA Curriculum Revamp With AI, ESG And Data Analytics Subjects

21 May 2026 at 09:26

ICAI is planning to introduce Artificial Intelligence, data analytics, ESG, and forensic auditing into the CA curriculum. The proposed changes aim to prepare future chartered accountants for technology-driven finance and auditing roles.

Posted in Students | 17268 Views

Finance Ministry Issues Corrigendum to Customs Notification 14/2026: Key Changes Explained

20 May 2026 at 09:29

The Ministry of Finance has issued a corrigendum to Customs Notification No. 14/2026, correcting tariff classifications and notification entries under the customs framework. Here are the key changes.

Posted in Custom | 354 Views

Centre Dismisses Claims of Temple Gold Monetisation Scheme Across India

20 May 2026 at 09:19

The Government of India has denied reports claiming temple gold will be monetised or used for strategic reserves. Officials called the rumours false and misleading.

Posted in Community & General | 1791 Views

GSTN Introduces Annexure-B Offline Utility for ITC Refund Applications

20 May 2026 at 09:15

GST refund filing process updated from May 2026. Taxpayers must now upload Annexure-B through the new offline utility for accumulated ITC refund claims on the GST portal.

Posted in GST | 4146 Views

ICAI Introduces UDIN Ceiling for Tax Audit Assignments from FY 2026-27

19 May 2026 at 09:39

ICAI has introduced a ceiling of 60 Tax Audit assignments per member for UDIN generation effective from April 1, 2026. Read the complete FAQs, applicable forms, counting rules, revised audit treatment and key compliance details.

Posted in Income Tax | 7449 Views

Form 35: New Tax Form for Offshore Banking Units Under IT Act 2025

19 May 2026 at 09:37

Form 35 under the Income Tax Act 2025 is mandatory for Offshore Banking Units and IFSC entities claiming deductions. Check eligibility, due date, filing process, required documents and FAQs.

Posted in Income Tax | 3144 Views

Centre Revises Excise Duty Rates on Petroleum Products Effective from May 16, 2026

19 May 2026 at 09:37

The Finance Ministry has revised central excise duty rates through Notification Nos. 22/2026 and 23/2026-Central Excise effective May 16, 2026. Check revised per litre rates, applicability and key implications.

Posted in Excise | 294 Views

Form 154 Filing Mandatory for Certain Non-Domiciled Individuals Before Leaving India

18 May 2026 at 09:16

The Income Tax Department has clarified the process for obtaining ITCC through Form 154 and Form 155 under Income Tax Rules 2026. Here's who must file, due dates, documents required and compliance rules for non-domiciled persons leaving India.

Posted in Income Tax | 2793 Views