The Budget projects steady growth with fiscal discipline while introducing structural tax reforms. The key takeaway is stability in rates alongside simplification and long-term competitiveness.
CBIC has operationalised capacity-based excise duty on specified tobacco goods from February 2026. The update outlines declarations, monthly filings, inspections, and abatement rules.
The Codes reduce filings, decriminalise offences, and digitise processes. However, expanded social security obligations increase compliance costs for many sectors.
GSTN has made Table 3.2 of GSTR-3B non-editable with auto-population from GSTR-1/1A/IFF. The update ensures consistency in inter-State supply reporting and restricts corrections to prescribed amendment routes.
Lower GST rates and tax reforms boosted consumption and manufacturing, driving India’s GDP growth to 8.2% despite global economic pressures.
Explains the rationale behind consolidating decades-old labour laws into four modern codes and highlights how simplification aims to improve compliance and worker protection.
India implements four new Labour Codes consolidating 29 old laws, modernizing wage, safety, and social security regulations, while easing compliance for businesses.
GSTN has released updates on return filing deadlines, import details in IMS, simplified registration, and mandatory bank account furnishing. Businesses must act promptly to avoid filing restrictions and registration suspension.
Tribunal introduced a phased filing schedule to prevent system congestion on new electronic platform. The directive ensures orderly submission of pending appeals with a final deadline of 30 June 2026.
Essential steps for filing GST appeals before the Appellate Tribunal, covering order review, appeal drafting, documentation, and authorized representative requirements for compliance.
