CAclubindia News


Fino Payments Bank Denies GST Evasion, Clarifies No Betting Activity on Platform

   11 March 2026 at 07:19

Fino Payments Bank says it has not evaded GST and does not facilitate betting activities, adding that all operations comply with RBI guidelines and regulatory requirements.

Posted in GST |   225 Views


Two Maharashtra GST Officers, Intermediary Arrested for Rs 20 Lakh Bribe Demand

   11 March 2026 at 07:19

The Maharashtra ACB has arrested two state GST officials and a private intermediary for allegedly accepting a Rs 20 lakh bribe in Nashik to settle a GST investigation. Further probe underway!

Posted in GST |   1566 Views


ICAI Releases Handbook on Key Compliances and Exemptions for Private Limited Companies

   11 March 2026 at 07:19

ICAI has issued a detailed handbook explaining key compliances, exemptions and incorporation procedures for private limited companies under the Companies Act, 2013.

Posted in Corporate Law |   543 Views


CGST Delhi Arrests Smartphone Trader's Director for Rs 60.59 Crore Fake ITC Fraud

   10 March 2026 at 09:05

The Central Goods and Services Tax Delhi South Commissionerate arrests a company director for fraudulently claiming Rs 60.59 crore Input Tax Credit through bogus invoices worth Rs 397 crore under the Central Goods and Services Tax Act, 2017.

Posted in GST |   3051 Views


Income Tax Department Finds Rs 408 Crore Sales Suppression in Restaurants After Nationwide Survey

   10 March 2026 at 09:00

The Income Tax Department uncovers Rs 408 crore in suppressed sales after surveying 62 restaurants across 46 cities. Under the SAKSHAM NUDGE campaign, 63,000 restaurants have been asked to update their tax returns before 31 March 2026.

Posted in Income Tax |   3807 Views


Finance Ministry Flags Economic Risks for India Amid Escalating West Asia Conflict

   10 March 2026 at 06:58

Finance Ministry warns prolonged West Asia conflict may widen India's current account deficit, weaken the rupee and raise inflation due to rising oil and LNG prices.

Posted in Others |   63 Views


GST Registration Rejected for Legal Heir After Proprietor's Death, CA Flags Procedural Issues

   10 March 2026 at 06:58

GST department rejects registration of legal heir continuing deceased proprietor's business, citing missing succession documents. Experts call for clearer GST guidelines.

Posted in GST |   2184 Views


Fake Income Tax Raid Busted: Two Youths Posing as Officers Arrested

   09 March 2026 at 08:54

Two youths posing as Income Tax officers attempted a fake raid at a residence but were caught by Ramnagar police after locals verified their credentials.

Posted in Income Tax |   2466 Views


CIC Asks Income Tax Department to Fix TDS Mismatch Process, Protect Honest Taxpayers

   09 March 2026 at 08:53

The Central Information Commission has advised the Income Tax Department to create a taxpayer-friendly mechanism to resolve TDS mismatches between Form 16 and Form 26AS and prevent harassment of honest taxpayers.

Posted in Income Tax |   3921 Views


Finance Ministry Appoints Ms. Krati Nigam as CGST Joint Commissioner in GST Authority Amendment

   09 March 2026 at 08:53

The Ministry of Finance has issued Notification No. 01/2026–Union Territory Tax amending the 2018 GST notification and appointing Ms. Krati Nigam, Joint Commissioner CGST Daman, in the UT GST authority panel.

Posted in GST |   165 Views



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