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.
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 Hon’ble Gujarat High Court in Manoj Ramkishan Agrawal & Anr. dismissed the writ petition filed by the partners of a partnership firm challenging the Order-in-Original imposing penalties upon them under Section 122(1A) and Section 122(3) of the CGST Act,
Blood donation camps don’t qualify for GST exemption, Gujarat AAR rules
Blood donation camps may help save lives, but organising them does not qualify as a charitable activity for GST exemption, the Gujarat Authority for Advance Ruling (AAR) has ruled, according to Times of India.
Gujarat HC upholds GST on corporate guarantees, strikes down ‘whichever is higher’ clause
The Gujarat High Court has upheld GST on corporate guarantees given by holding companies to their subsidiaries , but has struck down the requirement to pay tax on whichever is higher: 1% of the guarantee amount or the actual consideration.
Government rolls out foreign asset disclosure scheme for small taxpayers
The Income Tax Department on Saturday (August 15, 2026) notified a new voluntary disclosure scheme allowing small taxpayers to declare certain undisclosed foreign assets and income by paying an effective 60% tax
ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know why
Mr Patel, who hails from Khatodara in Surat, Gujarat, is a co-owner of his late mother’s land in Althan. This plot, spanning 9,510 sq. meter was originally bought for Rs 21.17 lakh by his mother on March 31, 2008.
Notification no. 114/2026 dated 14.08.2026- Income
Central Board of Direct Taxes (CBDT) issued notification no. 114/2026 dated 14.08.2026 to hereby make the following rules –
FAQs: The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026
Income tax issued FAQs on the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026.
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
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