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ICSI Invites Feedback on CS Syllabus Revision

May 1, 2026 258 Views 0 comment Print

ICSI has proposed revising the CS syllabus to align with the National Education Policy and global practices. Stakeholder input will help shape a modern, skill-focused curriculum.

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2026

May 1, 2026 2058 Views 0 comment Print

The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval for such investments, including indirect ownership. The ruling strengthens scrutiny to safeguard national interests.

RoDTEP Schedule Amended Due to Alignment with Customs Tariff Changes Under Finance Act 2026

April 30, 2026 699 Views 0 comment Print

DGFT revised the RoDTEP schedule to reflect amendments in the Customs Tariff Act. The update ensures consistency between export incentives and tariff classifications.

CBIC Revises UTGST Rate Notification Under Finance Act 2026

April 30, 2026 507 Views 0 comment Print

CBIC has amended Notification No. 9/2025-Union Territory Tax (Rate) to revise tariff entries under UTGST schedules from May 1, 2026.

CBIC Revises IGST Rate Notification Under Finance Act 2026

April 30, 2026 1488 Views 0 comment Print

CBIC has amended Notification No. 9/2025-Integrated Tax (Rate) to revise tariff entries under IGST schedules in line with Finance Act, 2026.

CBIC Revises GST Rate Notification Under Finance Act 2026

April 30, 2026 2001 Views 0 comment Print

CBIC has amended Notification No. 9/2025-Central Tax (Rate) to revise tariff entries in GST schedules in line with Finance Act, 2026, from May 1.

Delhi GST Detects ₹60.59 Cr Fake ITC Fraud; One Arrested

April 30, 2026 801 Views 0 comment Print

Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arrested under CGST Act provisions, reinforcing strict action against tax evasion.

Revised Custom Tariff Values for Gold, Silver & Edible Oils wef 1st May, 2026

April 30, 2026 864 Views 0 comment Print

CBIC updated tariff values for key commodities including oils, gold, and silver. The revision ensures accurate customs valuation aligned with current market prices.

Penalty Imposed for Failure to File DIR-12 on Director Appointment

April 30, 2026 324 Views 0 comment Print

The issue involved non-filing of Form DIR-12 for appointment of a director. The authority held that failure to comply with Section 170(2) attracts penalty regardless of operational or technical challenges. The ruling emphasizes strict compliance with statutory filing requirements.

Penalty Imposed for Failure to File DIR-12 to report resignation of a director

April 30, 2026 300 Views 0 comment Print

The issue involved non-filing of Form DIR-12 to report resignation of a director. The authority held that failure to comply with Section 168(1) attracts penalty despite operational or technical challenges. The ruling emphasizes mandatory compliance with director-related filings.

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