Bankers’ Books Evidence Act, 2026 to come into force from 1st October 2026
The Act modernises the legal framework for use of banking records as evidence.
Category: Media
Haryana: GST officer, CA held red-handed taking ₹3 lakh bribe
Haryana State Vigilance and Anti-Corruption Bureau (SV&ACB) on Thursday arrested a State GST excise and taxation officer (ETO) and a chartered accountant from Jind as they were caught accepting a cash bribe in connection with a pending tax notice.
HDFC Life Insurance faces ₹3,365 crore GST tax demand and penalty after appeal order
HDFC Life Insurance Company Ltd on Friday (September 11) said that the Commissioner (Appeals-III), CGST & Central Excise, Mumbai, has confirmed the total Goods and Services Tax (GST) demand, including interest and penalty, in a case involving the period from July 1, 2017 to March 31, 2022.
Mumbai police arrest 2 income-tax officials in fake raid, extortion case
Two income-tax officials and two others were arrested Thursday for allegedly conducting a fake raid on a Chakala company and demanding Rs 1 crore, taking the total arrests in the case to 10. It was masterminded by a driver sacked by the company three months ago, said police.
GST data to track Andhra Pradesh’s economic growth live
Commercial Taxes Department Chief Commissioner Babu A has said that the State is leveraging GST and related commercial tax data to develop a real-time mechanism for assessing economic activity and estimating Gross Value Added (GVA) across key sectors.
India-EU FTA opens sensitive markets to EU cars, wine and farm imports
The European Commission has proposed that the European Union approve and conclude its free-trade agreement with India, bringing the long-awaited pact closer to taking effect.
Gujarat Assembly passes GST amendment, livestock feed regulation bills
The Gujarat assembly on Thursday passed two bills, one amending the Gujarat Goods and Services Tax (GST) Act to bring it in line with decisions of the GST Council and other seeking to regulate the manufacture, storage, distribution, sale and quality control of livestock and poultry feed.
SBI to use UPI data to lend to small businesses without GST registration
State Bank of India, India’s largest lender, is developing a lending solution that will use UPI transaction data as a proxy for sales to extend loans to small businesses that do not have Goods and Services Tax registration
IAMAI wants 5% GST dropped for app-based rides
The app-based mobility industry has pitched for exemption from the 5% goods and services tax (GST), arguing that the levy is being imposed on platforms that often do not collect fares from passengers.
Partnership firm declared rental income, but landowners were taxed again; ITAT Bangalore rules against double taxation
The tax department cannot tax rental income in the hands of individual landowners if the commercial building was constructed under a joint development agreement (JDA) and the earnings from it have already been disclosed and assessed in the hands of a genuine partnership firm, the Income Tax Appellate Tribunal (ITAT) Bangalore has recently ruled.