Indore I-T Searches: Tax Evasion by Real Estate, Toll and Construction Firms
Income Tax Department conducts large-scale searches across Indore at real estate, toll and construction firms over suspected tax evasion.
Category: Updates
Budget 2026: Experts Seek One-Time Settlement of Customs Disputes
Amid economic uncertainty, tax experts seek a one-time settlement scheme under the Customs Act to resolve disputes and unlock blocked revenue.
DGFT Notifies Export Modalities for Wheat Flour (HS Code 1101)
DGFT Public Notice 44/2025-26 prescribes eligibility, procedure, quota and documentation for export of wheat flour and related products under HS Code 1101.
Govt Amends Duty Drawback Rules to Simplify Claims for Postal Exports
Customs has revised duty drawback rules for postal exports. Here’s a clear checklist of steps exporters must follow to claim drawback smoothly.
Customs Allows Electronic Filing for Postal Exports, Grants Shipping Bill Parity
CBIC has notified further relief for postal exports by recognising electronic postal entries on par with shipping bills under Section 84,
RRB Consolidation: Govt Dissolves Old Banks, Clarifies Sponsor Banks
The Finance Ministry has formally dissolved old Regional Rural Banks after state-level mergers. Here’s the full list of new RRBs and sponsor banks.
Draft CAG Policy on Empanelment of CA Firms/LLPs for 2026-27
Complete guide to CAG empanelment of CA firms & LLPs in FY 2026-27, like point system, eligibility criteria, income limits & selection process for audits, based on draft CAG …
MCA Further Extends Timeline for Filing 2024-25 Annual Returns/Financial Statements
MCA further extends timeline for filing Financial Statements/Annual Returns FY 2024-25 upto 31st January 2026 as per General Circulars 8/2025.
GST ITC Ledger Validation 2025: Avoid GSTR-3B Filing Issues
GSTN announces mandatory validation for Electronic Credit Reversal and RCM ITC statements. Learn how to avoid GSTR-3B filing issues from negative ledger balances.
Table 4C (GSTR-3B) Reconciliation with Table 7J (GSTR-9)
Master GSTR-9 and GSTR-9C reconciliation for FY 2024-25. Understand why Table 7J differs from GSTR-3B Table 4C, handle Table 12F differences, and prepare explanations for unreconciled ITC discrepancies.