CAclubindia News

Maharashtra Allows PAN-Based Profession Tax Payment Amid MahaGST Portal Issues

17 March 2026 at 09:22

Maharashtra GST Department allows taxpayers to pay Profession Tax using PAN after technical issues on the MahaGST portal. Registration and return filing temporarily disabled.

Posted in GST | 1 comments | 3561 Views

Over 50 Lakh ITRs Revised After Tax Department Flags Bogus Deduction Claims, Refunds Drop by Rs 2000 Crore

17 March 2026 at 09:21

More than 50 lakh income tax returns were revised after the tax department flagged incorrect deduction claims under Section 80G, reducing refund claims by Rs 2,000 crore, CBDT chief said.

Posted in Income Tax | 4275 Views

Rs 1.77 Crore GST Evasion Case: Police Arrest Two for Creating Fake Companies

17 March 2026 at 09:21

UP Police bust a GST evasion racket in Lucknow involving fake firms and bogus invoices worth Rs 1.77 crore. Two accused arrested for generating fake e-way bills and illegal input tax credit.

Posted in GST | 318 Views

Income Tax Refund Delays Rise Sharply, Finance Panel Raises Concern Over 27 Lakh Pending Cases

16 March 2026 at 09:23

A parliamentary committee has flagged rising delays in income tax refunds, revealing that nearly 27 lakh cases exceeded the 90-day limit in FY 2025-26, while outstanding direct tax arrears reached Rs 47.42 lakh crore.

Posted in Income Tax | 11952 Views

GSTN Issues Advisory on Pre-Deposit Payment While Filing Appeals Before First Appellate Authority

16 March 2026 at 09:23

GSTN issues advisory on pre-deposit payment while filing appeals before the First Appellate Authority, clarifying that payments made through Form GST DRC-03 must be linked with the demand order using Form DRC-03A for proper adjustment.

Posted in GST | 4581 Views

Income Tax Department Clarifies 'Significant Transactions' Emails Sent During Advance Tax e-Campaign for AY 2026-27

14 March 2026 at 15:27

Taxpayers are advised to ignore earlier incorrect emails on significant transactions under the Advance Tax e-Campaign and verify details on the Compliance Portal.

Posted in Income Tax | 12411 Views

Government Amends Securities Contracts Rules to Revise Minimum Public Shareholding Norms

14 March 2026 at 09:21

Government notifies Securities Contracts (Regulation) Amendment Rules 2026, revising minimum public shareholding and IPO offer requirements for companies based on post-issue capital.

Posted in Community & General | 1 comments | 2544 Views

Finance Ministry Reconstitutes Advisory Board Under Narcotic Drugs Law for One Year

14 March 2026 at 09:17

The Ministry of Finance has reconstituted the Advisory Board under the Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances Act, 1988, appointing Justice Anup Jairam Bhambhani as Chairman.

Posted in Community & General | 186 Views

ICAI Halts SPOM Tests from April 11-20 Due to SPMT Portal Upgrade

14 March 2026 at 09:09

The Institute of Chartered Accountants of India (ICAI) has announced that Self-Paced Online Module Tests (SPMT) will not be conducted from April 11 to April 20, 2026 due to portal maintenance and software upgrades. Slot booking will resume from April 21.

Posted in Students | 699 Views

Centre Renames Personal Income Tax as Non-Corporate Tax from FY 2025-26

14 March 2026 at 09:07

Government renames Personal Income Tax as Non-Corporate Tax from FY 2025-26. NCT collections reached Rs 12.35 lakh crore in FY 2024-25, growing 18.23%, Finance Ministry informs Rajya Sabha.

Posted in Income Tax | 3918 Views