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Archive: 01 April 2026

Posts in 01 April 2026

Amendment in Guidelines for CMA Members under CPE, 2024

April 1, 2026 390 Views 0 comment Print

The amended guidelines mandate minimum CPE hours for all practicing members. Non-compliance will lead to discontinuation of the Certificate of Practice. The ruling emphasizes strict enforcement and continuous professional learning.

CBI Arrests Assistant Commissioner, CGST, Ratlam in a Bribery Case

April 1, 2026 1005 Views 0 comment Print

The CBI arrested a CGST Assistant Commissioner for demanding a bribe to halt GST proceedings. The officer was caught red-handed accepting ₹1.5 lakh through a middleman, highlighting strict anti-corruption enforcement.

GST Reduced on Agricultural Paper Bags Due to Farmer Concerns

April 1, 2026 615 Views 0 comment Print

The Government reduced GST on paper sacks and bags from 18% to 5% following GST Council recommendations. The move addresses farmer concerns and supports agricultural practices like fruit bagging.

Health Insurance Claim Rejections Valid if Based on Policy Conditions, Says Government

April 1, 2026 579 Views 0 comment Print

The Government clarified that claim rejections are based on policy conditions like exclusions and OPD classification. IRDAI mandates transparency and provides grievance mechanisms to protect policyholders.

Forex Trading on Unauthorized Platforms Violates FEMA Rules, Government Warns

April 1, 2026 2115 Views 0 comment Print

The Government clarified that offshore forex platforms operating without RBI authorization are illegal. Investors are advised to trade only through approved entities to avoid financial risks.

Adoption of Indian Accounting Standards w.e.f. 01.04.2026 for Insurers

April 1, 2026 672 Views 0 comment Print

IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transparency, comparability, and global alignment.

Effect of Depreciation of Rupee on Foreign Exchange Reserves & Economy

April 1, 2026 3783 Views 0 comment Print

The Government clarified that despite rupee depreciation, strong forex reserves and export competitiveness offset risks. The overall economic impact depends on multiple macroeconomic factors.

Govt Monitors Iran-Israel Conflict Impact Due to Oil Price & Trade Disruptions

April 1, 2026 384 Views 0 comment Print

The Government is actively reviewing the economic impact of the West Asia conflict on oil prices and supply chains. Coordinated measures aim to mitigate risks and maintain stability.

Record 219 APAs Signed Due to Rising Need for Transfer Pricing Certainty

April 1, 2026 510 Views 0 comment Print

CBDT signed a record number of APAs to provide clarity on transfer pricing and reduce disputes. The framework ensures advance determination of pricing methods, minimizing litigation and double taxation risks. 

₹10 Lakh Cap Removed on Courier Exports to Boost E-Commerce Trade

April 1, 2026 558 Views 0 comment Print

The reform removes value restrictions on courier exports, enabling higher-value shipments. It aims to boost e-commerce exports and ease compliance for businesses.

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