Professional Development Committee The Institute of Chartered Accountants of India 30th January, 2025 Announcement Draft Bank Branch Auditors’ Panel (MEF) for the year 2024-25 We are pleased to inform that the Draft Bank Branch Auditors’ Panel (MEF) of Chartered Accountants/firms for the year 2024-25 prepared as …
The Institute of Chartered Accountants of India will declare the CA Foundation Jan 2025 result tentatively in the last week of February 2025. The CA Foundation Jan 2025 result date will be announced through an official notification. ICAI publishes an official notification regarding the CA Foundation …
The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 244/01/2025-GST on January 28, 2025, clarifying the GST treatment on co-insurance and reinsurance transactions, based on the 53rd GST Council meeting held on June 22, 2024. Based on the recommendations of the GST Council in its 53rd meeting held …
ICAI released Background Material (Vol-I and Vol-II) on GST – Jan 2025 13th Edition The Institute of Chartered Accountants of India (ICAI) has issued updated Background Material on GST (January 2025 Edition) Volume-I and Volume-II by the GST and Indirect Taxes Committee, revising the publication “Background Material on …
In a significant move to streamline tax administration and align with global financial regulations, the Central Board of Direct Taxes (CBDT) issued Notification No. 10/2025 on January 27, 2025. This notification, officially titled the Income-tax (Second Amendment) Rules, 2025, introduces critical amendments to the Income-tax Rules, 1962. …
On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system: OMO purchase auctions of Government of India securities for an aggregate amount of ₹60,000 crore in three tranches of ₹20,000 …
The GST Portal has now enabled the functionality to file the Letter of Undertaking (LUT) for the Financial Year 2025-26. Exporters and suppliers to Special Economic Zones (SEZ) must renew their LUT annually, as the existing LUT for FY 2024-25 will expire on March 31, 2025. Why Filing LUT is …
The recently released Smallcase Managers Budget 2025-26 Survey Report sheds light on key expectations from the upcoming Union Budget. Conducted among over 100 managers on the Smallcase platform, the survey highlights a strong consensus on the need for tax reforms, sectoral incentives, and policies prioritizing sustainable economic growth. …
Advisory on Business Continuity for e-Invoice and e-Waybill Systems Dear Taxpayers, This advisory is issued to highlight the alternate mechanisms and business continuity plans available for both the e-Invoice and e-Waybill systems. If you have not integrated these alternate mechanisms into your existing systems or are …
In a significant move, the Institute of Chartered Accountants of India (ICAI) has announced the extension of deadlines for Phases III and IV of the mandatory Peer Review Mandate. The revised implementation dates, as approved by the ICAI Council, provide additional time for compliance, particularly for …
