CBIC Empanels, Promotes 55 IRS Officers as Commissioners of Customs & Indirect Taxes
The President of India has approved the empanelment and promotion of 55 Indian Revenue Service (IRS) officers of the Customs & Indirect Taxes (C&IT)...
CBIC Extends Compliance Timeline Under Sea Cargo Manifest Rules Till March 31, 2026
The Central Board of Indirect Taxes and Customs (CBIC) has extended the compliance timeline prescribed under the Sea Cargo Manifest and Transshipment Regulations, 2018...
CBIC Revises Tariff Values for Edible Oils, Gold, Silver, Brass Scrap; New Rates Effective from January 1, 2026
The Central Board of Indirect Taxes and Customs (CBIC) has revised the tariff values applicable to the import of several key commodities, including edible...
MCA Notifies New Director KYC Law W.E.F. 31 March 2026
The Ministry of Corporate Affairs (MCA) has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2025, introducing significant changes to the compliance...
Centre Abolishes GST Compensation Cess from February 1, 2026
The Central Government has abolished the Goods and Services Tax (GST) Compensation Cess with effect from February 1, 2026, bringing to a close a...
FinMin Imposes Provisional Anti-Dumping Duty on Low Ash Metallurgical Coke Imports from 6 Countries
The Ministry of Finance has imposed a provisional anti-dumping duty on imports of Low Ash Metallurgical Coke originating in or exported from Australia, China...
Centre Reintroduces Capacity-Based Excise Duty on Gutkha and Chewing Tobacco from February 1, 2026
The Central Government has formally reintroduced a capacity-based excise duty regime for chewing tobacco, jarda scented tobacco, and gutkha, signalling a major shift in...
Empanelment of 92 IRS Officers as Commissioners for 2026 Notified
The Appointments Committee of the Cabinet (ACC) has approved the empanelment of 92 officers of the Indian Revenue Service (Customs & Indirect Taxes) for...
Centre Notifies MRP-Based GST Valuation for Pan Masala, Tobacco, E-Cigarette Products w.e.f February 1, 2026
The Central Government has notified the Central Goods and Services Tax (Fifth Amendment) Rules, 2025, introducing a new Rule 31D that mandates Maximum Retail...
ICAI Introduces Mandatory E-Diary for Practical Training from January 1, 2026
The Institute of Chartered Accountants of India (ICAI) has announced the introduction of a mandatory E-Diary system for students undergoing Articleship and Industrial Training,...
Mandatory Timelines for Oral Arguments to Streamline Hearings: SC Issues Circular
The Supreme Court of India has issued a circular laying down a Standard Operating Procedure (SOP) for adherence to timelines in oral arguments. The...
No Late Fee For Filing Annual Returns Till January 31, 2026: MCA
The Ministry of Corporate Affairs (MCA) has announced a second extension for filing financial statements and annual returns, pushing the deadline by another month...
Centre Promotes 10 IRS (Customs & Indirect Taxes) Officers to Principal Commissioner Rank
The Central Government has promoted 10 senior officers of the Indian Revenue Service (IRS) (Customs & Indirect Taxes)to the prestigious rank of Principal Commissioner...
CBIC Notifies Promotion of IRS (Customs & Indirect Taxes) Officers to Joint Commissioner Rank for Vacancy Years 2025 and 2026
In a significant administrative development, the President of India has approved the promotion of officers belonging to the Indian Revenue Service (Customs & Indirect...
GSTN Issues Advisory & FAQ on Electronic Credit Reversal, Re-claimed Statement & RCM Liability/ITC Statement
The Goods and Service Tax Network (GSTN) has issued the advisory & FAQ on electronic credit reversal and re-claimed statement & RCM liability/Input Tax...
BCAS Seeks Extension of GSTR-9 and GSTR-9C Due Date for FY 2024–25, Citing Increased Compliance Complexity
The Bombay Chartered Accountants Society (BCAS) has submitted a detailed follow-up representation to the Union Finance Minister, the Chairperson of the Central Board of...
CAG Report Clarifies GST on Canteen Services: 5% Rate Not Mandatory, 18% with Full ITC a Valid Option
For years, businesses providing canteen services have operated under a cloud of uncertainty on the applicable GST rate. The dominant belief across industry was...
FinMin Allots Benches To Appointed Members In GSTAT
The Ministry of Finance has notified the allotment of benches to appointed members in the Goods and Service Tax Appellate Tribunal (GSTAT).All Members are...
Persistent MCA-21 V3 Portal Issues: ICSI Seeks Extension of FY 2024–25 Annual Filing DeadlinesÂ
The Institute of Company Secretaries of India (ICSI) has formally approached the Ministry of Corporate Affairs (MCA), urging an extension of the statutory deadlines...
Centre Notifies Draft Rules to Regulate Licensing of Foreign Vessels in Coastal and EXIM Trade
The Union Ministry of Ports, Shipping and Waterways has released the Draft Coastal Shipping Licensing of Foreign Vessels Rules, 2026, proposing a comprehensive regulatory...
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