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Halwa Ceremony Marks Countdown to Union Budget 2026 Presentation

January 28, 2026 405 Views 0 comment Print

The traditional Halwa Ceremony marks the start of the confidential lock-in phase for Budget officials. It confirms that preparations for the Union Budget 2026–27 have entered their final stage.

Tax Exemption Granted to State Legal Service Authority, Chandigarh for Specified Incomes

January 28, 2026 498 Views 0 comment Print

The notification exempts defined categories of income of a legal services authority, while warning that violations may lead to penalty and withdrawal of relief.

NPS Swasthya Pension Scheme Launched as Sandbox Pilot

January 27, 2026 654 Views 0 comment Print

A health-linked pension scheme is introduced on a pilot basis under the regulatory sandbox. The key takeaway is a controlled test of medical expense support within NPS before wider rollout.

Customs Revises Tariff Values for Oils, Metals & Areca Nuts wef 28.01.2026

January 27, 2026 786 Views 0 comment Print

Customs has replaced valuation tables while maintaining current tariff benchmarks. The move ensures consistency in import valuation practices.

Join Live Webinar on Strategic Drafting & Effective Advocacy in GSTAT Appeals

January 27, 2026 2478 Views 0 comment Print

The webinar explains how the first reply and pleadings determine the direction of GSTAT appeals. It highlights drafting as a strategic tool that can influence outcomes through all appellate stages.

Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST

January 23, 2026 3297 Views 1 comment Print

The issue is accurate reporting of GST for notified tobacco goods. The takeaway is a step-by-step approach aligned with system validations and legal provisions.

Government Approves Wage and Pension Revision for Financial Sector Staff

January 23, 2026 804 Views 0 comment Print

The issue addressed is long-pending wage and pension revisions in key financial institutions. The key takeaway is substantial pay hikes and pension enhancements benefiting employees, pensioners, and family pensioners.

Penalty Imposed for Incorrect PAS-3 Filing in Private Placement

January 23, 2026 1524 Views 0 comment Print

The adjudicating authority held that omission of mandatory documents and incorrect disclosure in PAS-3 violated Section 42. Monetary penalties were imposed with directions to rectify the filing.

Penalty Imposed for Failure to File Annual Return Form MGT-7

January 23, 2026 441 Views 0 comment Print

Observing prolonged non-compliance with annual return filing requirements, the authority levied penalties up to the statutory maximum. The default was held proved due to absence of any response.

Penalty Imposed for Failure to File SH-7 After Increase in Authorised Capital

January 23, 2026 612 Views 0 comment Print

The adjudicating authority held that non-filing of Form SH-7 violated Section 64 of the Companies Act. Penalties were imposed on the company and the officer in default despite claims of technical issues.

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