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Many chartered accountants have voiced their concerns about the GST portal not working and thus demanded a deadline extension for GSTR-3B deadline which is April 20, 2026 for March 2026 tax period.
Since yesterday many chartered accountants and taxpayers are saying that taxpayers, including individuals, have been getting nudge emails from the income tax department about advance tax. The nudge email mentions that the Income Tax Department has reason to believe that the taxpayer’s advance tax payment doesn’t match up with their financial activities.
SBI Life Insurance Company has received an income tax assessment order demanding Rs 537.75 crore for the financial year 2023–24, the company said in an exchange filing on Wednesday.
PUNJAB’s economy has long been weighed down by the slow pace of industrialisation. Once known for its entrepreneurial spirit and manufacturing clusters in cities like Ludhiana and Jalandhar, the state has gradually lost ground to more aggressive industrial hubs such as Gujarat, Maharashtra and Haryana.
A recent judgment by the Bombay High Court (HC) quashing a Customs adjudication order after seized goods deteriorated during a prolonged dispute is expected to provide relief to importers, with experts saying the ruling could set a precedent for waiving demurrage and other charges when goods perish or lose value while in official custody.
The government has set up a 17-member committee to suggest larger reforms in the policy for special economic zones (SEZs), an official said.
Pidilite Industries Limited, India’s major player in industrial adhesives, pigments, bonding, waterproofing solutions, paints, textile and leather chemicals, announced on Monday that it recently received a penalty of around ₹42 lakh from the tax officials.
Life Insurance Corporation of India has disclosed that it has received a tax demand notice from state tax authorities in Himachal Pradesh concerning GST-related dues linked to the financial year 2019-20.
The Centre and states in the 56th GST Council meeting on September 3 had decided to reduce tax rates on about 375 items. Prices of kitchen staples to electronics, from medicines and equipment to automobiles were reduced from September 22 — which was termed by the government as GST bachat utsav (GST savings festival).
The government has expanded the scope of financial accounts that must be reported by financial institutions under the tax information-sharing framework, bringing crypto assets, central bank digital currencies (CBDCs), and certain electronic money products within the reporting net.