Starting January 2026, ICAI has simplified the CPE exemption process by allowing medical self-declarations and introducing new flexibility for pregnancy-related claims. The update also mandates 10 hours of learning for members who generate a UDIN during their exempted period.
The Revenue sought to tax total on-money collected under section 69A. The ITAT ruled that on-money forms part of business receipts and must be assessed on a profit basis. The key takeaway is that taxation cannot ignore unaccounted expenses linked to such receipts.
The case examined severe shortcomings in menstrual hygiene facilities in government schools and their impact on girls’ dignity and education. While the issue was held to raise serious rights concerns, the Commission declined intervention, citing its limited jurisdiction over systemic policy failures.
The regulator examined a failure to disclose full allottee particulars in the return of allotment. It held that incomplete disclosures violate securities allotment rules and attract penalty under the Companies Act.
The insurance regulator has called for EOIs from eligible CA and Cost Accountant firms for GST compliance review and audit work, outlining strict eligibility and selection criteria.
This update captures sweeping reforms across direct tax, GST, excise, customs, and export policy. The key takeaway is a decisive policy push on tobacco taxation, trade facilitation, and compliance digitisation.
The Supreme Court affirmed that a single SCN covering several years is valid where fraudulent ITC patterns span periods, enabling holistic investigation under the CGST Act.
India has announced the highest-ever GST rate on demerit goods to curb tobacco consumption. The move combines GST, excise duty, and cess to drive public health outcomes.
This roundup captures major judicial pronouncements and regulatory circulars released during the week. The key takeaway is enhanced clarity on deductions, GST powers, insolvency clean-slate principles, and compliance simplification.
This roundup covers major tax, GST, customs, insolvency, and securities law developments issued during mid-December 2025. The key takeaway is enhanced procedural clarity alongside stricter compliance standards.
