Summary of the Finance Bill, 2026 outlining income-tax rates, surcharge structure, threshold relief, amendments across direct and indirect taxes, and the introduction of a disclosure scheme, based strictly on the Bill as introduced.
A trade notice outlines multiple GST system upgrades including audit case management, refund processing improvements, and new registration features. The update also introduces enhanced search functions and automated compliance tools.
The adjudicating authority clarified that belated compliance after a show cause notice cannot nullify statutory violations. Penalties were upheld despite later rectification.
The government has notified a clear wage ceiling for supervisory roles. Earnings above this limit remove such employees from worker coverage under the Code.
The Survey urges the State to act under uncertainty by structuring risk and learning through experimentation. The key takeaway is a shift from control-led regulation to capability-driven governance.
The order holds that failure to issue share certificates within the prescribed two-month period attracts penalties under Section 56(6). Subsequent rectification does not erase the original default.
The notification substitutes updated tariff tables for specified imports while retaining existing values. The key takeaway is valuation continuity for listed goods from 30 January 2026.
The Government has issued draft Coal Mines Safety Regulations, 2026 under the OSHWC Code, detailing safety standards, certification, mine management duties, and compliance requirements.
The government has approved an institution for scientific research under section 35(1)(ii), enabling donors to claim tax deductions. The key takeaway is that the approval is time-bound and subject to strict reporting and certification requirements.
The Registrar held that non-filing of annual returns violates Section 92(4) of the Companies Act. Monetary penalties were imposed on the company and its officers for continued non-compliance.
