CAclubindia News
CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum
18 March 2026 at 09:27CBDT issues corrigendum to Income-tax Amendment Rules 2026, renaming them as "First Amendment Rules, 2026." Check key details and implications.
Major GST Judgments 2026: No Tax on Member Welfare, Big Relief on ITC Claims
18 March 2026 at 09:26Latest GST rulings 2026: Courts uphold ITC rights, reject refund denials, and strike down GST on member welfare schemes. Key judgments explained for taxpayers.
ICAI Releases Revised Guidance Note on Audit of Banks 2026: Key Updates for Auditors
18 March 2026 at 09:26ICAI releases Guidance Note on Audit of Banks 2026 with updated RBI norms, digital banking audit focus and enhanced compliance framework for auditors.
GSTAT Issues New Filing Instructions for Appeals: Mandatory Documents & Pre-Deposit Rules Clarified
18 March 2026 at 09:26GSTAT issues new appeal filing rules mandating APL-05 documents, pre-deposit, and court fees. Key instructions for taxpayers and professionals explained.
Raghav Chadha Proposes Optional Joint Income Tax Filing for Married Couples in Parliament
17 March 2026 at 09:22Raghav Chadha proposed optional joint filing of Income Tax Returns for married couples in Parliament, highlighting tax disparities between single-income and dual-income households.
GST Portal Requires Confirmation of "Tax Liability Breakup" in GSTR-3B from Feb 2026
17 March 2026 at 09:22GSTN issues advisory requiring taxpayers to confirm the "Tax Liability Breakup, As Applicable" tab before filing GSTR-3B from February 2026. Interim procedure explained.
Maharashtra Allows PAN-Based Profession Tax Payment Amid MahaGST Portal Issues
17 March 2026 at 09:22Maharashtra GST Department allows taxpayers to pay Profession Tax using PAN after technical issues on the MahaGST portal. Registration and return filing temporarily disabled.
Over 50 Lakh ITRs Revised After Tax Department Flags Bogus Deduction Claims, Refunds Drop by Rs 2000 Crore
17 March 2026 at 09:21More 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.
Rs 1.77 Crore GST Evasion Case: Police Arrest Two for Creating Fake Companies
17 March 2026 at 09:21UP 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.
Income Tax Refund Delays Rise Sharply, Finance Panel Raises Concern Over 27 Lakh Pending Cases
16 March 2026 at 09:23A 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.
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