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Wholesale traders and shops across Chennai’s Sowcarpet and parts of Broadway remained shut on Saturday as merchants observed a bandh to protest against alleged harassment by officials of the Goods and Services Tax (GST) department.
Parliament passed the Taxation and Other Laws (Amendment) Bill, 2026, on Monday (10 August), with Union Finance Minister Nirmala Sitharaman reiterating that the legislation does not impose a tax or transaction charge on UPI payments.
Jammu and Kashmir has received a total of Rs 14,477.7 crore in GST compensation and related surplus cess distributions since the implementation of the Goods and Services Tax (GST) in 2017-18, the Union Government informed the Lok Sabha on Monday.
A company that lost a ₹79.25 lakh gratuity deduction because of an error in its income tax return has won relief from the Income Tax Appellate Tribunal (ITAT), Chennai.
The Income Tax Department is in the process of framing rules to implement a key provision from the Union Budget 2026–27 that will allow taxpayers to apply electronically for certificates authorising lower or nil deduction of tax at source (TDS), Minister of State for Finance Pankaj Chaudhary said.
The Rs 40,000-crore corrugated packaging industry, dominated by MSMEs, has raised concerns over the GST structure effective from September 2025, under which the tax on kraft paper was increased to 18 percent while the levy on finished corrugated boxes was reduced to 5 percent.
When Mr Marathikyathanahalli, a retired teacher from Mysore, deposited Rs 1.33 crore in cash into his bank account, it triggered the red flag risk management strategy (RMS) established by the Central Board of Direct Taxes (CBDT).
Renewable energy developers have urged the government to reduce the goods and services (GST) tax on standalone utility-scale or containerised battery energy storage systems (BESS) to 5 per cent
The increase in monetary thresholds for filing tax dispute appeals at ITAT, high courts, and the Supreme Court has led to about ₹16,690 crore reduction in disputed tax demand, Parliament was informed on Monday.
The income tax department’s NUDGE campaign has resulted in 1.25 crore taxpayers filing updated or revised ITRs with payment of ₹9,494 crore in additional taxes over the past 2 years, Minister of State for Finance Pankaj Chaudhary said on Monday.