News
Empowering the Grassroots Economy: A Comprehensive Push for Rural and Semi-Urban MSMEs
1+ hour, 21+ min ago (1101+ words) MSME - Press Release, MSME News These measures aim to strengthen local production systems and encourage self-employment. They also support traditional crafts and rural industries, contributing to inclusive and balanced economic growth. MSMEs contribute about 31. 1% to India's GDP, account for 48. 58% of…...
ICAI Issues FAQs on Ceiling for UDIN Generation under Tax Audit; Cap of 60 Assignments per Member per Financial Year Effective from April 1, 2026
1+ hour, 21+ min ago (121+ words) ICAI Income Tax News, ICAI UDIN Update It has been clarified that the UDIN system shall aggregate all Tax Audit UDINs generated by a member, whether in individual capacity or as a partner in one or more firms, for the…...
GST 2. 0 redraws premium bike market
1+ hour, 21+ min ago (390+ words) GST Recent News - 2026 When Siddhartha Lal warned ahead of last year's GST Council meeting that higher taxes on mid-capacity motorcycles could shrink the premium bike market, the concern appeared speculative. Eight months after GST 2. 0 came into effect, sales trends and…...
TN farmer gets Rs 2. 47 crore GST notice, alleges identity theft, files complaint
4+ hour, 47+ min ago (194+ words) GST Recent News - 2026, GST Notice The farmer, who lives in a modest tin-roofed house in Mottur village within the Veerichettipalli panchayat, earns a meagre living through small-scale farming and cattle rearing. Immediately after receiving the notice, he contacted Ambur GST…...
CBDT eases PAN application norms for FPI onboarding after SEBI flags investor concerns to tax department
1+ day, 5+ hour ago (157+ words) CBDT News, Income Tax Recent News - 2026 In response, SEBI engaged with the CBDT to address concerns raised by foreign investors and intermediaries. Following these discussions, CBDT issued a series of clarifications intended to simplify compliance procedures. The apex tax body…...
AP Chambers Seeks GST Cut on Commercial LPG for Hospitality Sector
1+ day, 5+ hour ago (379+ words) Andhra Pradesh GST News, GST Recent News - 2026 In a representation submitted to Union finance and corporate affairs minister Nirmala Sitharaman, AP Chambers said the steep and continuous increase in commercial LPG prices had severely impacted the viability of budget and…...
India's Gold Scrutiny Deepens: Licence Caps, UAE Trade Under Scanner
1+ day, 5+ hour ago (377+ words) Indian government imposed restrictions on the import of gold under advance authorisation to 100 kg per licence on May 14, Business Standard reported citing a report from the Directorate General of Foreign Trade (DGFT). This development comes a day after raising custom…...
JSW Cement Receives GST Demand-cum-Show Cause Notice from Patna Tax Authority
1+ day, 5+ hour ago (140+ words) GST Recent News - 2026, GST Demand News - 2026 The Show Cause Notice covers multiple alleged tax irregularities spanning fiscal years FY 2020-21 to FY 2022-23. The department has raised a series of contentions related to GST compliance across several areas. The key allegations outlined…...
LATEST GST CASE LAWS " 16. 05. 2026 " A2 Z TAXCORP LLP
1+ day, 20+ hour ago (1604+ words) Daily GST Case Law Updates - 2026 LATEST GST CASE LAWS: 16. 05. 2026 " SC affirms HC-judgment that UP cannot impose VAT on Reliance's inter-State natural gas sales " The Supreme Court upheld the Allahabad High Court (Lucknow Bench) ruling that the sale of natural gas…...
GSTAT Ranchi Bench Reiterates Dress Code for Authorised Representatives under Rule 122 of GSTAT Procedure Rules, 2025; Black Coat Relaxation Allowed during Summer Season (15th April to 31st August)
1+ day, 20+ hour ago (237+ words) GSTAT Circulars, GST Appellate Tribunals (GSTAT) The Goods and Service Tax Appellate Tribunal (GSTAT), Ranchi Bench, Department of Revenue, Ministry of Finance, vide Circular F. No. EST/02-2026/GSTAT Ranchi Bench dated May 15, 2026, has reiterated the dress code prescribed for authorised representatives…...