News

ED has arrested two individuals in connection with a Rs 734 crore fake GST ITC fraud involving 135 bogus companies and invoices exceeding Rs 5,000 crore.

ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

ICAI is reviewing proposals to make government consultancy projects up to Rs 5 crore more accessible to smaller professional and MSME firms by giving greater weight to experience alongside firm size and turnover.

ICAI Proposes Rs 5 Crore Government Consultancy Tenders Reservation for Firms with Lower Net Worth

UP State Tax Department uncovers alleged circular trading and irregular ITC claims by three Lucknow advertising firms, leading to a Rs 2.48 crore tax deposit.

Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities

CGST officials in Telangana have detected an alleged Rs 5.68 crore GST evasion involving a fake SEZ registration, with the firm’s proprietor arrested and sent to 14-day judicial custody.

Telangana GST Fraud: CGST Unearths Rs 5.68 Crore Tax Evasion Through Alleged Fake SEZ Registration, Proprietor Arrested

Articles

ICAI has clarified which Tax Audit sub-categories will be counted toward the 60-assignment UDIN ceiling from April 1, 2026, and confirmed that the limit is based on the TAR signing date.

ICAI Releases FAQs on Ceiling for UDIN Generation under Tax Audit, Clarifies 60 Assignment Ceiling for Members

ICAI has expanded mandatory peer review to PSB branch audit firms from January 2027 and set a 365-day target for disposing of disciplinary cases against CAs.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

ICAI Proposes Rs 5 Crore Government Consultancy Tenders Reservation for Firms with Lower Net Worth

Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities

Telangana GST Fraud: CGST Unearths Rs 5.68 Crore Tax Evasion Through Alleged Fake SEZ Registration, Proprietor Arrested

ICAI Releases FAQs on Ceiling for UDIN Generation under Tax Audit, Clarifies 60 Assignment Ceiling for Members

ICAI Extends Peer Review Deadline for PSB Bank Branch Audit Firms to December 31, 2026