GST, income tax, SEBI, RBI, MCA and accounting standard developments — curated and summarised by APRA partners from a CA and compliance perspective.
The Income Tax Department has initiated a search operation at Dentsu India, the Indian subsidiary of Japan-headquartered advertising conglomerate Dentsu Group, raising compliance questions at a time when the parent company is significantly scaling its investment and operations across India.
Large international forensic accounting firms (GAFAs) are establishing significant operations in India, bringing advanced investigative methodologies and global best practices to the domestic market. This expansion is reshaping how Indian practitioners approach fraud detection, financial investigations, and compliance work.
A government audit of India's electric vehicle subsidy programme has identified material control weaknesses and compliance irregularities in subsidy distribution and beneficiary verification. The findings raise questions about the scheme's effectiveness and proper utilisation of public funds allocated for EV promotion.
CA Vaishali Jain has been appointed to the position of Vice President and Head of Group Finance Controller at Spark Minda, a significant automotive component manufacturer. The appointment reflects the company's focus on strengthening its financial governance and control framework.
August 31, 2026 marks the final deadline for filing Income Tax Returns for businesses and professionals under the Income Tax Act. Missing this deadline triggers substantial penalties and loss of key tax benefits. All eligible taxpayers must file regardless of refund status.
The Central Board of Indirect Taxes and Customs (CBIC) is preparing to propose a simplified GST registration framework allowing small e-commerce sellers to register in a single state rather than multiple jurisdictions. The measure aims to reduce compliance burden and operational costs for micro and small sellers operating across India's digital marketplace.
The Securities and Exchange Board of India (SEBI) has barred Trafiksol ITS Technologies from accessing the securities market for 12 months following an investigation into materially misleading disclosures made during its IPO process. The regulator found significant gaps between representations made to investors and the company's actual financial and operational position.
Life Insurance Corporation of India has announced a strategic initiative to establish presence in 100% of India's panchayats within two years, significantly expanding its rural financial inclusion footprint and distribution network beyond traditional urban-centric models.
A specialized Certified Cyber Security Auditor (CCSA) program is launching imminently with emphasis on Indian regulatory compliance and contemporary cyber risk frameworks. The initiative addresses the growing need for auditors to understand digital security governance alongside traditional audit methodologies.