AP HC Stays ICAI’s Action Against CA in alleged Fake GST Invoicing Case

CA Akshay Jain Vs Institute of Chartered Accountants of India and Others (Andhra Pradesh High Court) In Akshay Jain vs. Institute of Chartered Accountants of India (ICAI), the Andhra Pradesh High Court temporarily stayed an ICAI notification that removed the petitioner’s name from its register of members. The petitioner, a practicing Chartered Accountant since 2016, faced disciplinary action following allegations by the GST Intelligence Directorate. He was accused of issuing fake GST invoices to claim ₹5.08 crores as input tax credit without actual supply of goods or services. The ICAI’s...