ICAI Guide: Streamlining Compliance and Key Exemptions for Private Limited Companies under Companies Act 2013

By | March 10, 2026

ICAI Guide: Streamlining Compliance and Key Exemptions for Private Limited Companies under Companies Act 2013 The Institute of Chartered Accountants of India (ICAI) has released a “Comprehensive Handbook on Key Compliances and Exemptions for Private Limited Companies” to assist stakeholders in navigating the regulatory framework of the Companies Act, 2013. The handbook serves as a… Read More »

CGST Delhi South Commissionerate arrests director of a company for fraudulent availment of Input Tax Credit (ITC) amounting to ₹60.59 crore through bogus invoices of ₹397.23 crore

By | March 10, 2026

CGST Delhi South Commissionerate arrests director of a company for fraudulent availment of Input Tax Credit (ITC) amounting to ₹60.59 crore through bogus invoices of ₹397.23 crore Posted On: 09 MAR 2026 7:49PM by PIB Delhi As part of its ongoing enforcement drive against fraudulent Input Tax Credit (ITC) claims, the Anti-Evasion Branch of the… Read More »

Income tax Department carries out nation-wide verification exercise on restaurants suppressing turnover

By | March 10, 2026

Income tax Department carries out nation-wide verification exercise on restaurants suppressing turnover IT Department conducted a nationwide survey on 8th March 2026 on 62 restaurants across 46 cities in 22 States, revealing suppression of sales of around Rs. 408 crore IT Department continues to emphasise voluntary compliance and a trust-based approach, and has commenced the… Read More »

EASE 8.0 Reform Agenda Advances Transformation of Public Sector Banks

By | March 10, 2026

EASE 8.0 Reform Agenda Advances Transformation of Public Sector Banks EASERise Reforms centred on Four Themes: Risk & Resilience, Innovation, Socio-Economic Impact and Excellence Reforms focus on digital lending, AI adoption, financial inclusion and operational excellence to build resilient and customer-centric public sector banks Posted On: 10 MAR 2026 3:30PM by PIB Delhi Under the… Read More »

Government takes Measures to Increase Enrolment and Ensure Timely Disbursement of Benefits under PMJJBY

By | March 10, 2026

Government takes Measures to Increase Enrolment and Ensure Timely Disbursement of Benefits under PMJJBY 26.79 Crore Beneficiaries and 12.55 Crore Active PMJJBY Policies as on 18.02.2026, 99.95% Claim Settlement Ratio with 0.61–17 Days Settlement Time under the Scheme Financial Inclusion Saturation Campaign was held across the country in 2.70 lakh Gram Panchayats and Urban Local… Read More »

IMPORTANT GST CASE LAWS 09.03.2026

By | March 10, 2026

IMPORTANT GST CASE LAWS 09.03.2026 Relevant Act Section / Notification Case Law Title / Authority Citation Brief Summary CGST Act, 2017 Section 9 Frutta Services (P.) Ltd., In re Click Here Supply of cooked food via partner kitchens to corporate clients with logistics/quality oversight is a composite supply (SAC 996337) taxable at 18% under Entry… Read More »

Category: GST

Blocked Credit: ITC on Cross-Country Natural Gas Pipelines

By | March 10, 2026

Blocked Credit: ITC on Cross-Country Natural Gas Pipelines The Legal Issue The central dispute was whether a cross-country natural gas pipeline qualifies as “Plant and Machinery” (which is eligible for Input Tax Credit) or if it falls under the category of “immovable property” and “pipelines laid outside the factory,” which are specifically excluded from ITC… Read More »

Category: GST