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The Malad Chamber of Tax Consultants made a representation to the Hon’ble Union Finance Minister, Smt. Nirmala Sitharaman, New Delhi on 26.06.2026 requesting an extension of the statutory deadline for filing GSTAT appeals under Section 112 of the CGST Act, 2017 from 30th June 2026 to 31st December 2026.
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During the Budget 2024 speech, Union FM announced that the income tax law will undergo a comprehensive review. The finance minister asserted that a comprehensive review of the Act will be done to make it concise, lucid, easy to read and understand. “This will reduce disputes and litigation, thereby providing tax certainty to the taxpayers,” she said during the speech.
The 19th report of Parliament’s Public Accounts Committee (PAC) is appropriately scathing in its criticism of the Goods and Services Tax (GST) regime, introduced in July 2017 to simplify, unify and improve indirect tax compliance in India.
On July 1, 2025, the Goods and Services Tax (GST) will complete eight years since its rollout. It was introduced in 2017 as a major step towards economic integration. GST replaced a maze of indirect taxes with a single and unified system. It made tax compliance easier, reduced costs for businesses and allowed goods to move freely across states. According to the government, by improving transparency and efficiency, GST helped lay the foundation for a stronger and more integrated economy.