FM Sitharaman has kicked off pre-budget consultations for Union Budget 2026-27 with leading economists, industry representatives, and farmer unions. Discussions focused on tax reforms, MSME support, agricultural growth, and ease of doing business.
Taxpayers will now get faster refunds as CBDT authorizes CPC Bengaluru to correct TDS, TCS, and interest errors instantly under Section 154. The move eliminates long delays and improves tax transparency.
India’s FY26 growth likely above 6.8%, says CEA; GST cuts, tax relief, and trade deal hopes lift economic outlook.
MCA data shows company registrations up 26% and LLPs 38% in October, driven by GST cuts, festive demand, and strong economic growth.
India's tax reforms from SEP to VDA taxation show global leadership in fair, transparent, and equitable digital economy taxation, says CBDT official.
DGGI Bhubaneswar has arrested Mumbai-based chartered accountant Nilesh Yogesh Jigiwala for allegedly masterminding a Rs 325 crore GST fraud. He reportedly operated over 105 shell companies to generate fake ITC and help large firms claim illegal subsidies.
A 68-year-old Chartered Accountant in Odisha lost Rs 1.5 crore to cyber fraudsters posing as ED and CBI officers, keeping him under a 10-day "digital arrest."
The upcoming Finance Bill 2026 is set to introduce major GST amendments, including fast-track registration within three days and automatic 90% refunds under the inverted duty structure.
LIC CEO announced that the insurer has fully passed on the GST 2.0 exemption benefits to policyholders, making life insurance more affordable.
India’s automobile retail industry achieved a record 40.5% YoY growth in October 2025, driven by GST 2.0 tax cuts, festive demand, and rural recovery.
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