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Advisory to taxpayers and statkeholders-Enhancements in the e-Way Bill (EWB) portal.
28/05/2026

Advisory to taxpayers and statkeholders-Enhancements in the e-Way Bill (EWB) portal.

TDS Rates for Tax Year 2026-27: Comprehensive Section-wise Chart with Thresholds.Section-wise details (Old vs New Sectio...
22/04/2026

TDS Rates for Tax Year 2026-27: Comprehensive Section-wise Chart with Thresholds.
Section-wise details (Old vs New Section, IT Act 2025)

20/04/2026

๐Š๐ž๐ฒ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐“๐š๐ฑ ๐‚๐ก๐š๐ง๐ ๐ž๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐€๐ฉ๐ซ๐ข๐ฅ ๐Ÿ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”:
โ€ข ๐๐ž๐ฐ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐“๐š๐ฑ ๐€๐œ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“: Replaces the 1961 Act, aiming to simplify language and remove redundant provisions.
โ€ข ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐“๐š๐ฑ ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”: Introduces higher exemption for allowances under the old regime, such as childrenโ€™s education allowance(3000/month) and hostel allowance(9000/month).
โ€ข ๐๐ž๐ฐ ๐“๐š๐ฑ ๐‘๐ž๐ ๐ข๐ฆ๐ž ๐’๐ฅ๐š๐›๐ฌ & ๐‘๐ž๐›๐š๐ญ๐ž: The new regime remains the default. A rebate under Section 87A keeps income up to โ‚น12 lakh effectively tax-free.
โ€ข ๐’๐ญ๐š๐ง๐๐š๐ซ๐ ๐ƒ๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง: Salaried individuals get a standard deduction of โ‚น75,000.
โ€ข ๐’๐ก๐š๐ซ๐ž ๐๐ฎ๐ฒ๐›๐š๐œ๐ค๐ฌ: Tax liability for share buybacks shifts to the investor, taxed as capital gains (STCG/LTCG) rather than being tax-free for the investor.
โ€ข ๐๐ž๐ซ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ž ๐•๐š๐ฅ๐ฎ๐š๐ญ๐ข๐จ๐ง: Valuation for employer-provided cars is revised, including new rates for electric vehicles.
โ€ข ๐’๐ž๐ง๐ข๐จ๐ซ ๐‚๐ข๐ญ๐ข๐ณ๐ž๐ง ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ: Enhanced deductions for senior citizens, rising to โ‚น1 lakh.
โ€ข ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐€๐ฌ๐ฌ๐ž๐ญ๐ฌ ๐š๐ง๐ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž: Increased focus on digital reporting of assets (crypto, e-money) and AI-driven scrutiny, per.
โ€ข ๐๐ž๐ง๐š๐ฅ๐ญ๐ฒ ๐‘๐š๐ญ๐ข๐จ๐ง๐š๐ฅ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง: Penalties for procedural non-compliance are replaced by fixed, graded fees.
๐Š๐ž๐ฒ ๐“๐š๐ค๐ž๐š๐ฐ๐š๐ฒ๐ฌ:
โ€ข ๐“๐š๐ฑ ๐˜๐ž๐š๐ซ ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž: "Assessment Year" and "Financial Year" are replaced by a unified "Tax Year 2026-27".
โ€ข ๐Ž๐ฅ๐ ๐ฏ๐ฌ. ๐๐ž๐ฐ ๐‘๐ž๐ ๐ข๐ฆ๐ž: While the new regime is designed to be the default and simplified, the improved exemptions (HRA, allowances) under the old regime may still benefit some taxpayers.
โ€ข ๐๐ฎ๐ฒ๐›๐š๐œ๐ค ๐“๐š๐ฑ ๐‚๐ก๐š๐ง๐ ๐ž๐ฌ: Investors should note that company share buybacks are now taxed as capital gains, altering the investment return calculation.

20/04/2026

Pre-deposit Percentage in the GST Portal
Apr 10th, 2026

While filing an appeal in Form APL-01 on the GST portal, the pre-deposit percentage is auto-populated as 10% in accordance with Section 107(6) of the CGST Act, 2017, and was previously non-editable. Due to this restriction, taxpayers faced difficulties in cases where the pre-deposit had already been made through other means or where the demand amount was incorrectly reflected under the appropriate head.

To address these issues, GSTN has now made the pre-deposit field editable at the time of filing the appeal, from April 6th, 2026. This allows taxpayers to modify the pre-deposit percentage as applicable to their specific case and calculate and pay the required amount accordingly while submitting the appeal. The appellate authority will subsequently verify the correctness of the pre-deposit amount and the mode of payment during the adjudication of the appeal.

Thanks,
Team GSTN

04/03/2026

Wishing you all a very Happy Holi

CGST rule 14A withdrawal
23/02/2026

CGST rule 14A withdrawal

๐Ÿ™Happy Mahashivratri!๐Ÿ™
15/02/2026

๐Ÿ™Happy Mahashivratri!๐Ÿ™

02/02/2026

Union Budget 2026 Highlights Point.
1. Highest-Ever Capital Expenditure: Capex is increased to โ‚น12.2 trillion for FY2026โ€“27 to drive infrastructure development and economic growth.
2. India Semiconductor Mission 2.0: Enhanced focus on equipment, materials, and domestic IP design, strengthening the semiconductor manufacturing ecosystem.
3. Biopharma SHAKTI: A new โ‚น10,000 crore outlay over 5 years is established to boost the domestic biologics and biosimilars industry.
4. MSME Growth Fund: A new โ‚น10,000 crore fund for MSMEs is announced to create future industrial champions.
5. Electronics Manufacturing Boost: Outlay for the Electronics Components Manufacturing Scheme increased to โ‚น40,000 crore to strengthen domestic manufacturing.
6. Structural Reforms in Direct Tax: The budget introduced a foreign asset disclosure scheme for small taxpayers, TCS rate changes, and extensions for filing revised returns.
7. Infrastructure & Connectivity: A focus on high-speed rail corridors, coastal cargo promotion, and increased allocation for infrastructure to improve logistics.
8. AI & Technological Development: Promotion of cutting-edge technologies and AI applications to act as force multipliers for better governance.
9. "Kartavyas" (Duties) Focus: The budget is built on three pillars: enhancing productivity/competitiveness, building resilience to global dynamics, and fostering capacity building.
10. Tax Relief on Foreign Travel & Education: TCS on overseas tour packages slashed to 2%, with lower TDS for foreign education-related expenses.

Advisory on RSP-Based Valuation of Notified To***co Goods under GST.
29/01/2026

Advisory on RSP-Based Valuation of Notified To***co Goods under GST.

EPF withdrawal-New Rules
27/01/2026

EPF withdrawal-New Rules

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