The October 2026 GST return cycle is an important opportunity to review FY 2025-26 compliance before time-bound corrections and eligible input tax credit claims become unavailable. Website URL: https://taxguru.in/goods-and-service-tax/gst-year-review-fy-2025-26-12-critical-checks-october-2026-return.html
E-way bill compliance under GST should be treated as an integral part of the goods dispatch process rather than merely a portal formality. The requirement is linked to movement of goods and may arise not only on sales but also in cases such as job work, repairs, testing, exhibition, replacement, return of goods, stock transfers and movement for own use. Website URL: https://taxguru.in/goods-and-service-tax/bill-gst-practical-compliance-points-businesses-not-ignore.html
IB Fact Check has debunked a purported Gazette of India notification claiming that every Saturday has been declared a public holiday for Public Sector Banks, including the State Bank of India. PIB clarified that no such notification has been issued by the Ministry of Finance. Website URL: https://taxguru.in/rbi/saturdays-not-bank-holidays-pib-debunks-fake-gazette-notification.html
Accounts and records under the CGST Act, 2017 form the foundation for self-assessment, return filing, input tax credit, refunds and verification of tax liability. Sections 35 and 36, read with Rules 56, 57 and 58, prescribe requirements relating to maintenance, accessibility and retention of records, including stock, production, advances, tax liability, Website URL: https://taxguru.in/goods-and-service-tax/accounts-record-cgst-act-compliance-evidence-legal-consequences.html
Maharshi Bharadwaj Chartered Accountants’ Association, Prayagraj, has submitted a representation to the Union Finance Minister seeking a one-month extension of the due date for uploading Tax Audit Reports, including Forms 10B, 10BB, 3CA and 3CB, for Financial Year 2025-26 relevant to Assessment Year 2026-27. Website URL: https://taxguru.in/income-tax/chartered-accountants-seek-tax-audit-deadline-extension-31-october-2026.html
Article examines the interplay between moratorium provisions under Part III of the Insolvency and Bankruptcy Code, 2016 (IBC) and criminal proceedings under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). Website URL: https://taxguru.in/corporate-law/ibc-moratorium-section-138-negotiable-instruments-act-courts-examine-scope.html
The article explains that for income-tax purposes, the term “relative” is based on a specific statutory definition rather than ordinary family relationships. It states that gifts received from specified relatives are generally outside the gift-tax provision, while relationships such as cousin siblings, muh-bola bhai or muh-boli behen are not included in the stated definition. Website URL: https://taxguru.in/income-tax/rakhi-gifts-qualifies-relative-income-tax.html
The Karnataka High Court partly allowed the State of Karnataka’s appeal and held that reimbursement of incremental GST paid by contractors due to the transition from the KVAT regime to GST on works contracts is a matter between the contractors and the concerned employers, and cannot be claimed against the State Government or tax authorities. Website URL: https://taxguru.in/goods-and-service-tax/incremental-gst-reimbursement-lies-against-employer-not-state-karnataka-hc.html
The amendment has been approved by the ICAI Council and shall apply to the relevant provisions of the Code of Ethics, 2026 (Volume I). The decision recognises the practical difficulties faced by the families of deceased practitioners and provides them with a realistic timeframe to complete the transfer of professional goodwill while ensuring continued compliance with ICAI’s ethical framework. Website URL: https://taxguru.in/chartered-accountant/icai-extends-goodwill-transfer-time-deceased-ca-proprietor-firms-3-years.html
Please avoid posting Only URLsThe document provides a comprehensive guide to the tax provisions, exemptions, concessional tax rates, and compliance benefits available to non-residents under the Income-tax Act, 1961, as amended by the Finance Act, 2026, Website URL: https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html