Recommendations of the 57th Meeting of the GST Council
Recommendations of 57th GST Council meeting held on 08.10.2026
Category: Press Release
Tax Audit and ITR filing due date extended AY 26-27
CBDT has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.
Two-Day Conclave of Top Income Tax Officials Concludes in Jaipur
Top Tax Officials Deliberate on Key Issues Concerning the Income Tax Department at Conclave
Tax Department undertakes verification of suspicious foreign remittances
Based on ground intelligence and analysis of data on outward foreign remittances, the Income Tax Department has identified several suspicious entities that remitted large amounts of foreign exchange over the last three years.
DRI uncovers large-scale illegal use of SAFTA agreement in areca imports
Months long investigation reveals defrauding exchequer of over Rs. 2,500 crore (approx.); Rs. 75 lakh cash, 160 MT areca nuts seized (approx.); Nine arrested
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 passed by Parliament
The amendments in the MSMED Act to facilitate growth and development of MSME sector
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, was passed by the Parliament in August 2026. It updates the existing MSMED Act, 2006 to align its provisions with the requirements of the MSME sector.
Reforming India’s Tribunal System : Tribunal Reforms Bill, 2026
The Tribunals Reforms Bill, 2026 seeks to create a more independent, transparent and professionally administered tribunal system. The Bill provides for setting up of a judiciary-led National Tribunals Commission that will make selections to the tribunals and exercise oversight on their functioning.
DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
Union Government releases tax devolution of ₹1,09,019 crore to State Governments
The Union Government has released additional instalment of tax devolution to State Governments amounting to Rs. 1,09,019 crore on 1st August 2026, which is in addition to the normal monthly devolution to be released on 10th August 2026.