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...
CAG says: The contract was awarded to Maxxam who were the highest bidder. The OC says this is because they have vast experience & a professional staff. But that is irregular since the financial bids were opened only after considering the technical bids where all three firms were found at par by the OC. Giving contract to Maxxam caused an avoidable expenditure of Rs. 6.16 crore
The Comptroller and Auditor General of India (CAG) has now been empowered to vet all non-government organisations (NGOs) and other agencies involved in the government’s social sector schemes. The Planning Commission has decided that approvals for all social sector projects undertaken by various NGOs, normally outside the purview of CAG, will come with the rider that they will be subject to audit, if required.
The government is likely to ask all departmental enterprises and agencies, such as the National Highways Authority of India (NHAI), to dispense with the system of tender-based appointment of internal auditors. Instead, the Comptroller and Auditor General of India (CAG) and the Institute of Chartered Accountants of India (ICAI) will jointly finalise a panel of eligible audit firms for different categories of projects and entities, based on the project size, number of locations and turnover.
While the government is lobbying hard with Opposition parties to implement Goods and Services Tax (GST) from April next year, a study carried out to assess the current tax base in states and the compliance level could upset its gameplan. The study revealed rampant evasion to the extent of 50% in half of the 23 states where tax audits were carried out.
PATNA: A woman, as everyone knows, usually gives birth to a baby after nine months of pregnancy, but in Bihar 298 women claim to have delivered two to five children in a span of 60 days – at least that’s what records of incentives amount given to new mothers under a government scheme show.
The Comptroller and Auditor General of India has asked the state government to take speedy and effective action for realising Rs 10,221 crore of unrealised revenue from various departments. The report of the Comptroller and Auditor General of India (revenue receipts) for the year that ended 31 March 2009, which was tabled in the assembly on Thursday,
Asked if the annual exercise of the CAG was futile considering the little action taken on the anomalies pointed out by it, Rai said, “The Constitutional mandate of the CAG is to prepare the report and hand it over to the legislature. If the matter concerns any public undertaking, it is referred to the Committee on Public Undertaking and if it concerns any department, it is referred to the Public Accounts Committee.”
Companies managing to evade taxes on services received from abroad, such as management consultancy and banking, now may not be able to to do so as the government is all set to plug the loopholes in the system which helped flourish the practice till now.
The Central Bureau of Investigation (CBI), which hopes to complete the probe into the 2G Spectrum case within a year, has roped in the Comptroller and Auditor General (CAG) to help ascertain the alleged financial irregularities in distribution of new licenses and spectra in 2008 at prices fixed in 2001.
The Comptroller and Auditor General (CAG) has raised several concerns over some provisions of the proposed direct tax code (DTC), the draft of which was unveiled by the finance?ministry in 2009. The country’s statutory auditor pointed out in a communication in March that some key provisions of the code, such as the ones on international taxation, could prove problematic. Other concerns relate to changes in taxation for the voluntary sector.
