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INDIRECT TAXES COMMITTEE OF ICAI
Can India build its own Big Four? The battle moves to the rulebookIndia is moving to reshape its accounting sector as ICAI prepares Chartered Accountants Act changes aimed at enabling larger domestic firms...- Biocon arm gets positive EMA panel recommendation for breast cancerbiosimilar PebrilzoBiocon Biologics has received a positive recommendation from the European Medicines Agency’s CHMP for its Pertuzumab biosimilar, Pebrilzo, ...
- ICAI readies CA Act changes to build bigger accounting firmsThe Institute of Chartered Accountants of India will propose Act changes soon. These changes aim to help Indian firms compete globally. The...
- ICAI working with Tirumala Tirupati Devasthanams for REITs to monetise land assetsICAI is helping Tirumala Tirupati Devasthanams modernise how it manages its vast assets, from land and gold to accounting systems. The inst...
- ICAI prepares reforms for creating larger accounting firm networks; proposals expected in two monthsICAI plans to propose reforms within two months to help Indian accounting firms scale up and compete globally. The proposals include recogn...
- POSH reporting up in FY26 as trust in the system growsExcluding two companies for which comparable data is unavailable, the analysis shows that the number of complaints has been rising steadily...
- MDR rollout will be monitored to protect usersTax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
- India's net direct tax collections rise 13% to Rs 12.1 lakh crore till September 17 of FY27India’s net direct tax collections rose 12.96% year-on-year to Rs 12.12 lakh crore as of September 17, government data showed. Gross collec...
- AI, tech to scan cargo without disrupting trade: CBIC ChairmanThe shift is aimed at moving customs enforcement from physical inspection towards intelligence-led, technology-driven risk assessment, he s...
- Attempt to divert attention from backlash over UPI tax: Congress on govt's Parl panel claimsCongress denies supporting a parliamentary committee's report on UPI payment fees. The party accuses the government of diversion after a si...
- CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flowThe CBIC is simplifying its deferred customs duty scheme for manufacturers. Paperwork has been reduced from ten documents down to just thre...
- UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
- UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax creditUPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsBharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...
- Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...
- Maharashtra CM Devendra Fadnavis announces Rs 27,000 crore shipyard project and Rs 7.5 lakh crore loan for sugar factoriesMaharashtra's Chief Minister announced a significant ₹27,000 crore shipyard project. This new facility will become India's largest for ship...
- Banks cannot impose charges on UPI payments of up to Rs 2,000, govt saysThe government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments below this amount will also remain fr...
- GST growth comparisons can’t be 'apples and oranges' says CBIC; hits back at 'misleading' claimsThe CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calculations must be made on a like-for-...
- ICAI explores PE funding for consultancy, accountingThe Institute of Chartered Accountants of India is exploring private equity investment in non-audit accounting services. This move aims to ...
- GST Council meeting likely to be postponed, say sourcesThe 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations wit...
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