Latest update 07.07.2026

latest update

Recap of Latest updates posted on 06.07.2026

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GST Portal downtime 07.07.26

GSTN is taking downtime to enhance its services on the GST Portal on 07.07.2026 from 12:00 AM onwards until 6:30 am of 07.07.2026.

Nearly 8 lakh GST registrations in 6 months, UP leads the way

Nearly 8 lakh new registrations by taxpayers took place under Goods & Services Tax (GST) during January-June period of calendar year 2026

Simpler filing, lower compliance cost needed in GST’s second decade

As the goods and services tax turns 10, it is becoming evident that reforms have broadened the tax base, increased compliance and raised the revenue bar.

Delhi govt seeks think tank’s help to plug tax leakages, boost revenue

The Delhi government has asked the NIPFP, a public policy think tank, to review its tax administration and revenue system to identify tax leakages, strengthen compliance, and develop a roadmap to boost revenue collection

CAs play significant role in strengthening tax system, says Saini

CM Nayab Singh Saini addressing the national conference for CA students at “Pragyaan 2026”, in Panchkula said the country is witnessing record GST collections every month, reflecting its growing economic strength, and credited CAs for playing a significant role in strengthening the tax system.

Operationalising GST refunds for foreign tourists to promote retail exports: FIEO

Exporters’ body FIEO on Friday urged the government to operationalise goods and services tax (GST) refunds for foreign tourists to promote tourism and retail exports.

Armed robbers hold GST officer’s family hostage, loot gold and cash in Alwar

Three armed robbers allegedly stormed the home of a GST assistant commissioner in Rajasthan’s Alwar, tied up and threatened his family at gunpoint for one-and-a-half hours, and fled with around 15 tolas of gold jewellery, cash and other valuables on Saturday morning, police said.

ITR utility updated: New ‘other income’ column added under exempt income schedule

If you are salaried, a pensioner, a student, or anyone else who doesn’t need to do an income tax audit, make sure to file your income tax return (ITR) by July 31, 2026 for the assessment year 2026-2027.

IT informant challenges ₹17L reward, seeks ₹44.5L

Gujarat High Court dismissed a petition by an income tax informant seeking a higher reward after his inputs helped the department detect tax evasion by the Ahmedabad-based Sheladiya Group and recover Rs 8.12 crore.

Can you claim bad debt deduction during recovery? ITAT explains

A business can claim a deduction for a bad debt even if efforts to recover the money are still underway, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled.

Notification no. 76/2026 dated 06.07.2026- Income tax

CBDT issued notification no. 76/2026 dated 06.07.2026 to approve deductions u/s 45(3)(a)(ii) of the Income tax Act, 2025 to the Indian Institute for Human Settlements, Bangaluru for research in Social Science or Statistical Research under the category of University, college or other institution

EPFO ends UAN activation on member portal: Here’s how to do it now

EPF subscribers can no longer activate their UAN or generate a new UAN through the EPFO member portal following a major technology upgrade.

Article Writing Competition 2026

Participate in the competition and express your thoughts on issues and suggest solution to ensure better compliance, and also provide constructive inputs that may assist policymakers in further improving the law.

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