The Institute of Chartered Accountants of India (ICAI) has released the updated User Manual of the UDIN Portal (Version 1.2), incorporating several functional enhancements aimed at improving usability, compliance, and verification efficiency. The revised manual, reviewed on December 15, 2025, provides detailed guidance on UDIN generation, bulk uploads, …
The Institute of Chartered Accountants of India (ICAI) has significantly reduced the fees for verification and certified copies of answer books for CA examinations. The revised fee structure will apply to Foundation, Intermediate, Final, and Post Qualification Course (PQC) exams, starting with the January 2026 examination results. What Has Changed? …
The Anti-Corruption Bureau (ACB) on Tuesday arrested a Senior Account Officer and an Assistant Account Officer of the CGST office in Vapi for allegedly accepting a bribe of Rs 2,000 from a local nursery owner. According to the complainant, he had secured a contract to supply …
The Central Bureau of Investigation (CBI) has arrested Superintendent, CGST & Central Excise, Nashik Commissionerate, Nashik while accepting a bribe of Rs 5 lakh from the complainant. CBI registered the instant case on 14.10.2025 against the said accused on allegations that the accused initially demanded undue …
Refunds Drop 16% as Government Tightens Scrutiny to Curb Fake Claims India’s income tax refunds have dropped sharply this year as the government introduces new fraud-detection measures to curb fake or inflated refund claims. According to official data, refunds issued between April and October 2025 fell …
The Uttar Pradesh State Tax Department has uncovered a fake firm allegedly created using forged documents in Lucknow. The bogus entity, registered under the name M/s Kumar Service, reportedly availed fraudulent Input Tax Credit (ITC) worth Rs 2.11 crore, causing significant revenue loss to the government. …
The Ministry of Heavy Industries has officially announced that it will discontinue issuing GST Concession Certificates for the purchase of vehicles by Persons with Orthopaedic Physical Disability (PwOPD). This decision follows a clarification issued by the Ministry of Finance (Department of Revenue – Tax Research Unit) through …
In a significant boost to the auditing and assurance landscape, the Institute of Chartered Accountants of India (ICAI) has unveiled its latest publication: Handbook on Certificates by Chartered Accountants: Comprehensive Checklist & Formats. Released just days ago on October 8, 2025, this 114-page guide is poised to …
Following the rollout of recent GST reforms, India’s non-life insurance industry witnessed steady growth in September 2025, driven by improved sentiment in the general and health insurance segments. According to data released by the General Insurance Council (GIC), general insurers’ gross direct premium income rose marginally by …
