CA, CS, CMA : Explore the latest developments as the Comptroller and Auditor General of India adopts an end-to-end digital framework, delving in...
CA, CS, CMA : भारतीय सीए संस्थान ने २ नवंबर २०२२ को वर्ष २०२१-२२...
CA, CS, CMA : A CA firm who applied for empanelment with CAG for Financial Year 2012-13 can check the status of his Empanelment & Audit work all...
Goods and Services Tax : CAG is one of the pivotal offices in the Government of India who controls the entire financial system of the country. The appointm...
Goods and Services Tax : In this series, one of the important areas covered is CAG Reports. There is a general tendency to look at CAG Report as an additio...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
CA, CS, CMA : The Comptroller and Auditor General of India has invited Expressions of Willingness from empaneled CA firms with minimum 15 points...
CA, CS, CMA : CAG opens 2026–27 empanelment under Sec 139(5)&(7). Online form, acknowledgement & hard copy by 10 March mandatory or applicati...
CA, CS, CMA : Firms facing advisories, misconduct findings, or debarment face point reductions or outright ineligibility. The policy reinforces ...
CA, CS, CMA : The draft policy proposes a detailed scoring framework to empanel CA firms and LLPs for government audits based on capacity, exper...
CA, CS, CMA : The court examined whether disciplinary findings based on impersonation and unauthorised audits could be reopened. It upheld dismi...
Goods and Services Tax : Punjab & Haryana HC stays SCN issued to Abbott Healthcare, questioning CAG's authority for private audits and procedural irregular...
Income Tax : It seems CAs are under attack from all parts of the world for good or not so good reasons. Recently CAG in its report Criticised C...
Corporate Law : The Delhi High Court has dismissed two writ petitions filed by N.Gopalaswami (Former CEC) & others and Manohar Lal Sharma, Advocat...
Finance : The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Uni...
Custom Duty : The audit found widespread control gaps, delayed processing, and weak automation in duty drawback administration. These deficienci...
Goods and Services Tax : The audit uncovered large-scale mismatches and non-compliance in GST filings and payments. It highlights risks from ineligible ITC...
Income Tax : A CAG audit report on direct taxes for FY 2022-23 reveals over ₹7,929 crore in tax effect from 481 observations, highlighting as...
Company Law : The CAG has issued revised directions for statutory auditors of government companies, effective May 23, 2025, covering investment ...
Income Tax : The CAG's 2024 report on direct taxes highlights tax issues, recovery, and errors in corporate and income tax assessments, with co...
Facing questions over jurisdiction, Comptroller and Auditor General (CAG) Vinod Rai has said the watchdog has got ‘unfettered’ powers to conduct ‘performance audit’ which includes going into issues like 2G spectrum allocation and profit-sharing in petroleum. Referring to the controversy surrounding gas allocation from KG-D6 basin, he said the audit in this case was done under the “aegis” of the Oil and Petroleum Ministry and made it clear that CAG was seeking a response from private operators like Reliance through the Ministry without ‘entertaining’ them directly.
Transfer pricing cases will now be subject to audit by the Comptroller and Auditor General (CAG) of India, Director General of Income Tax (DGIT) RN Dash said while addressing a seminar organised by Assocham. Multinational corporations often use transfer pricing as a tool to shift cost of input from one country to another to avoid payment of taxes in nations with high incidence of taxes. India has been trying to tighten the transfer pricing regulations to prevent tax evasion.
Non-submission of detailed contingency (DC) bills worth Rs 11,854 crore, defalcation and loss to the tune of Rs 407.97 crore up to March 2010 are among the highlights of the CAG report on Bihar finances for 2009-10. Talking to reporters, Principal Accountant General (Audit), Bihar, P Dinaraj said that of Rs 14,272 crore drawn on 58,423 abstract contingent (AC) bills, only 7,435 DC bills for Rs 2,418 crore were submitted to the Accountant General (A and E), Bihar, up to March 2009.
Government auditor CAG today recommended tighter tax norms, including mandatory TDS, for the Indian cinema and television industry, which is estimated at over Rs 36,000 crore. Concerned over tax evasion and the need to widen tax base, the Comptroller and Auditor General (CAG) in its report tabled in Parliament, suggested that payments for sale of distribution rights of films and time slots to television channels should be subject to the provisions of Tax Deduction at Source (TDS).
The Telecom Ministry has informed the Public Accounts Committee (PAC) that it has issued show cause notices to 13 companies for termination of their licences, who are stated to be “ineligible” for getting them. Based on the report of the CAG, the Department of Telecom (DoT) has “issued show cause notices to 13 companies for termination of the 85 new licences issued in 2008. The companies have given their replies which are under examination,” DoT said in its reply to PAC’s questionnaire.
Over Rs 3 lakh crore in direct taxes, which is more than the annual corporate tax collection, is locked up in litigation at various levels. While Rs 2.2 lakh crore of revenue was locked up in appeal cases with Commissioner of Income Tax (Appeals) in 2009-10, the amount involved in litigation at the higher levels was Rs 91,087 crore, said the latest CAG report.
Amid instances of corruption in MNREGA implementation, government has decided to tighten the audit system, which includes broadening the scope of the Comptroller and Auditor General (CAG) in the scheme.
Telecom tribunal TDSAT has set aside a DoT directive that asked phone companies to submit their books for CAG audit, saying that it was arbitrary. The TDSAT bench, headed by its chairman Justice S B Sinha, set aside the directive on the grounds that
The Comptroller and Auditor General on Monday said that audit of certain activities of Department of Space (DoS) were under way but made it clear that media reports on alleged scam in a deal between ISRO and a private firm cannot be concluded as its
It is also said that “doing is the best way of saying.” Indeed, living is the best way of believing. We say all this in the light of the very good work being done by our Auditor General that is not being accompanied by action, by deeds. So much money
