CAclubindia News
GST Regime Has Eroded States' Financial Freedom: 7th State Finance Commission Chairman
05 March 2026 at 06:56K.N. Harilal says the GST regime and Centre's increasing reliance on cesses have weakened States' fiscal autonomy. Experts warn of an emerging fiscal crisis and stagnation in social security pensions.
New Draft Format for TDS/TCS Book Adjustment: Full Details, Applicability & Compliance Guide
04 March 2026 at 08:08Income Tax Department releases Draft Form No. 137 for TDS/TCS Book Adjustment Statement. Check structure, DDO reporting rules, compliance requirements, and key updates for Accounts Officers and Government departments.
ICAI Announces Direct Exam Centre Selection for CA May 2026 Exams
04 March 2026 at 08:08The Institute of Chartered Accountants of India (ICAI) has introduced a new facility allowing CA Final, Intermediate and Foundation students to directly select their preferred exam centre for the May 2026 examinations. Check complete details here.
Rahul Gandhi Demands Rollback of Tax on Disability Pensions, Seeks Higher ECHS Budget from FM Sitharaman
03 March 2026 at 07:19Rahul Gandhi writes to Finance Minister Nirmala Sitharaman seeking withdrawal of income tax on disability pensions under Finance Bill 2026 and immediate funding support for Ex-Servicemen Contributory Health Scheme (ECHS).
India's Real GDP Grows 7.6% in FY 2025-26 Under New Base Year Series Released by MoSPI
03 March 2026 at 07:19Ministry of Statistics and Programme Implementation (MoSPI) releases new GDP series with base year 2022-23, revising national accounts methodology. Real GDP growth for FY 2025-26 estimated at 7.6% with key sectoral and quarterly updates.
CBIC Notifies Guidelines for Eligible Manufacturer Importer Scheme, Facility from 1st April 2026
03 March 2026 at 07:19CBIC introduces deferred Customs duty payment facility for Eligible Manufacturer Importers (EMI) under Union Budget 2026-27. EMI scheme effective April 1, 2026 to March 31, 2028; applications open from March 1, 2026 on AEO portal.
Retired Income Tax Officer Convicted to 4 Years in Rs 15,000 Bribery Case
03 March 2026 at 07:19A Rajkot ACB court sentences retired Income Tax officer Maulesh Mehta to four years' rigorous imprisonment and Rs 1 lakh fine in a 2019 Rs 15,000 bribery case under the Prevention of Corruption Act.
ICAI CA Intermediate & Foundation January 2026 Results likely to be declared on 8th March
02 March 2026 at 16:50ICAI to declare CA Intermediate and Foundation January 2026 exam results on March 8, 2026. Check your scorecard online at icai.nic.in using registration and roll number.
GST Collection February 2026: Gross Revenue Surges 8.1% to Rs 1.83 Lakh Crore
02 March 2026 at 09:08GST revenue in February 2026 reached Rs 1.83 lakh crore, up 8% YoY. Net collections stood at Rs 1.61 lakh crore after refunds.
New Reporting Norms: Draft Form 166 to Capture Detailed Account & TIN Information
02 March 2026 at 08:23Draft Form No. 166 introduced under Section 508(1) of the Income-tax Act, 2025 for reporting reportable accounts. Know key disclosure requirements for individuals, entities and controlling persons.
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