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GST Settlement of Funds Rules 2026: Finance Ministry Corrects Hindi Text Through Corrigendum
12 May 2026 at 09:32The Ministry of Finance has issued a corrigendum to the Hindi version of Notification G.S.R. 225(E) dated March 30, 2026 relating to the Goods and Services Tax Settlement of Funds Rules, 2026. Read the latest official update and revised Rule 1(1).
CBDT Introduces Form 81 for Shipping Companies under Income Tax Act 2025
12 May 2026 at 09:21CBDT’s new Form 81 under the Income-tax Rules 2026 replaces Form 66 for companies opting for the Tonnage Tax Scheme. Know applicability, reporting requirements, audit details, annexures and compliance obligations.
CBDT Introduces Major Changes in APA Regime under Income Tax Rules 2026
11 May 2026 at 09:13CBDT has revamped the Advance Pricing Agreement (APA) framework under Income Tax Rules 2026 with new Forms 51-54, standardised Rs 20 lakh filing fee, simplified compliance, rollback provisions and faster processing timelines. Check key changes.
New Forms 42 & 43 under Income Tax Rules, 2026 Introduced for Tax Residency Certificate in India
11 May 2026 at 09:12Getting a Tax Residency Certificate (TRC) is now easier! Under Income Tax Rules 2026, taxpayers can apply online via Form 42 and receive a digital TRC in Form 43. Know the new process.
ICAI Issues Advisory on Unauthorized Calls, Emails and Scam Messages Targeting CAs & Students
11 May 2026 at 09:09ICAI has issued a fraud alert warning members, students and the public against fake calls, WhatsApp messages, emails and scam communications falsely claiming to represent the Institute. Stay alert and verify only through official ICAI channels.
GST Refund Filing Gets Stricter: Annexure-B Upload in JSON Format Now Mandatory for Unused ITC Claims
09 May 2026 at 09:45GST portal updates refund filing utility for unused ITC claims. Annexure-B upload in JSON format now mandatory with invoice-level GSTR-2B validation and enhanced reconciliation requirements.
GST Update: Centre Revises HSN Code in Notifications Issued on April 30, 2026
09 May 2026 at 09:25The Ministry of Finance has issued corrigenda to amend GST rate notifications dated April 30, 2026, replacing HSN code 2202 99 90 with 2202 91 00 under IGST, CGST and UTGST notifications.
GSTAT Principal Bench Empowered to Hear Section 101B Appeals from 1st April 2026
09 May 2026 at 09:20The Ministry of Finance has empowered the Principal Bench of the GST Appellate Tribunal (GSTAT), New Delhi, to hear appeals under Section 101B of the CGST Act, 2017. The notification is effective retrospectively from April 1, 2026.
ICAI Takes Disciplinary Action for Non-Payment of Membership Fees Effective 1st November 2023
08 May 2026 at 09:45ICAI has issued an Extraordinary Gazette Notification removing several Chartered Accountants from the register of members due to non-payment of prescribed fees under the Chartered Accountants Act, 1949. Check key details, effective date and implications.
RBI Issues FEMA (Authorised Persons) Regulations, 2026 to Streamline Forex Authorisation Framework
08 May 2026 at 09:32RBI issues Foreign Exchange Management (Authorised Persons) Regulations, 2026 to simplify forex authorisation, expand the principal-agent model and strengthen India's foreign exchange regulatory framework under FEMA.
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