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September 1, 2026
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
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September 1, 2026
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Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
Personal-guarantee insolvency proceedings involve a stay on implementation of a repayment plan because the earlier members' views did not produce a clear majority capable of taking effect. The personal guarantor has been restrained from directly or indirectly alienating assets pending further hearing. The dispute follows split views on approval of the plan, claim admission and voting, followed by a third-member opinion that did not resolve the absence of a determinative majority. Creditors dispute the proposed recovery, claim treatment and declared net worth relevant to the guarantees.
September 1, 2026
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September 1, 2026
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September 1, 2026
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September 1, 2026
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Personal insolvency proceedings restrict property alienation while notices issue to parties in the debtor's case.
A five-member special National Company Law Tribunal bench hearing Subhash Chandra's personal insolvency matter issued notices to all parties and restrained him from alienating property directly or indirectly. The restraint applies during the continuing insolvency proceedings and concerns dealings with the relevant property. The procedural measure requires the interested parties to participate in the matter.
September 1, 2026
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Aadhaar authentication alternatives enable eligible farmers with failed fingerprint verification to access loan-waiver benefits after identity verification.
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September 1, 2026
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GST collection growth reflected higher domestic and import revenue, while increased refunds moderated net collections during August.
GST collections recorded year-on-year growth in August, with gross receipts reaching about Rs 2 lakh crore. Domestic transaction revenue increased to over Rs 1.37 lakh crore, while import-related revenue rose to Rs 62,604 crore. Refunds increased to Rs 31,795 crore, and net GST collections stood at Rs 1.68 lakh crore after refunds.
September 1, 2026
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Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
Personal insolvency proceedings were reopened before a five-member special bench after a split view on a repayment plan. As no majority view existed, including that of the third member, no final order was in force and the repayment-plan determination could not be acted upon. Notices were issued to all parties, including dissenting creditors, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. Dissenting creditors also challenged the repayment-plan determination before the appellate tribunal.
September 1, 2026
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September 1, 2026
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Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
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August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
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August 31, 2026
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Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.
August 31, 2026
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August 31, 2026
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Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
August 31, 2026
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Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.

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Customs & Trade

Shah ramps up BJP's campaign for Assam assembly polls

January 30, 2026

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Dibrugarh/Dhemaji, Jan 30 (PTI) Union Home Minister Amit Shah on Friday ramped up the BJP's campaign for the upcoming high-stakes assembly polls in Assam by accusing the Congress, particularly Rahul Gandhi, of disrespecting the North East, promoting infiltration for electoral politics and the region's lack of development.

Shah, during his day-long programmes in the state where he launched projects worth Rs 1715 crore, heaped praise on Chief Minister Himanta Biswa Sarma for dealing effectively with varied issues, and virtually endorsed him for the state's top post by urging people to vote for the BJP for the third consecutive term.

Shah accused Gandhi of disrespecting the North East by refusing to wear a 'gamosa', presented by President Droupadi Murmu at the 'At Home' reception hosted by her on Republic Day.

All dignitaries, including those from abroad, had worn the scarf as a mark of respect, but Gandhi was the "only person to refuse" to do so, Shah claimed, while addressing a public rally in Dibrugarh.

''Rahul Gandhi can do whatever he wants, but as long as the BJP is in power and politics, it will not allow any disrespect of the North East's culture. We are firm on this, and nobody can shake us from this firm stand," he said.

Shah also accused the Congress of using infiltration as a "weapon of its vote bank politics" and claimed that there has been ''no infiltration in Assam since the BJP came to power. Those who had come to India illegally will be identified and sent back," he added.

Asserting that before the last elections, the BJP had pledged that infiltration, which "changed Assam's demography and compromised the nation's security", would be stopped, he said, ''We kept our promise".

In Dhemaji, Shah claimed that the demography of Assam changed during the Congress rule and the BJP-led government under Prime Minister Narendra Modi is working to reverse the trend.

"Assam's demography totally changed during the Congress rule. The population of infiltrators rose to 64 lakh from nil, and infiltrators became a majority in seven districts," Shah said at the closing ceremony of the 10th Mising Youth Festival.

"If you want to stop infiltration in Assam, then elect the BJP government for a third term and strengthen the hands of Chief Minister Himanta Biswa Sarma in the fight against illegal immigrants. Two BJP state governments in Assam have freed 1.26 lakh acres of land from encroachment by infiltrators," he added.

The Union home minister also stressed the role played by the Mising community in stopping infiltrators from settling in Upper Assam through their lifestyle of hard work.

In Dibrugarh, Shah claimed that the recent Free Trade Agreement (FTA) signed by Prime Minister Narendra Modi with the European Union will ensure that Assam's tea will go to all these countries with zero-tariff imposed.

"The Prime Minister has taken Assam's tea to Paris and Berlin along with other countries of the EU through the FTA and the trade pact will further boost Assam tea exports to European countries,'' he asserted.

Shah also alleged that the Congress did nothing for Assam's development but the BJP dispensation in the state, under the guidance of Prime Minister Narendra Modi, has taken a series of initiatives for the progress of all sectors.

Both BJP chief ministers Himanta Biswa Sarma and his predecessor Sarbananda Sonowal initiated several development works, but this is happening because Prime Minister Narendra Modi has Assam in his heart, he said.

''The Congress ruled at the Centre for decades since Independence, but did nothing for the development of the state. Now the BJP gives priority to Assam, whether it be in infrastructure, wildlife and environment, semiconductors, cancer facilities, airport, railways, waterways, industry and others'', he said.

''I want to ask Rahul Gandhi what his party has given to Assam except guns, bullets, conflicts and deaths of youth," the union home minister said.

Shah further challenged the Congress to tell the people of Assam what it did during the 10 years of government at the Centre.

"As a PM for 10 years from Assam, what has Manmohan Singh given to Assam? Let me tell you. He gave Rs 1.28 lakh crore to Assam in 10 years, while Modi ji gave Rs 5.85 crore to the state," the BJP leader added.

He also alleged that in 55 years of their government since Independence, the Congress never made an Adivasi the country's President but Modi made Droupadi Murmu India's President and gave respect to all Adivasi people of the country.

In Dibrugarh, Shah laid the foundation stone for the Rs 284 crore second assembly complex and MLA hostel as a part of establishing the district as the second administrative hub, inaugurated the first phase of the completed modern multi-disciplinary sports complex built at Rs 238 crore, laid the foundation stone for its second phase to be constructed at a cost of Rs 209 crore.

He also laid the foundation stone for the Rs 292 crore Wildlife Health and Research Centre and launched the Rs 692 crore project of restoration and rejuvenation of Wetlands in the state.

The BJP's focus on the polls was also evident from the Union home minister's visit to the party headquarters in Guwahati where he discussed election-related matters with senior functionaries.

Shah advised the party to fight the upcoming polls on the twin planks of development and secure Assam, and the state BJP will prepare an action plan on the suggestions given by him, sources said. PTI DG TR SSG DG NN

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