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    April 1, 2026
    GST collections rise 9 pc to over Rs 2 lakh cr in March, third highest in FY26
    April 1, 2026
    The ‘Perfect Colourants’ Growth Story: Driven by Mr. Madan Humad Since 1987 as India’s Leading Masterbatch and Compound Manufacturer & Exporter
    April 1, 2026
    Guidance Note – Form 117
    April 1, 2026
    Form 117 – Frequently Asked Questions
    April 1, 2026
    Guidance Note – Form 116
    April 1, 2026
    Form 116 – Frequently Asked Questions
    April 1, 2026
    Guidance Note – Form 115
    April 1, 2026
    Form 115 – Frequently Asked Questions (FAQ)
    April 1, 2026
    Guidance Note – Form 114
    April 1, 2026
    Guidance Note – Form 113
    April 1, 2026
    Form 113 & 114– Frequently Asked Questions
    April 1, 2026
    GST collections grow 8.8 pc to over Rs 2 lakh cr in March
    April 1, 2026
    Japan's Leading Crypto Tax Platform, cryptact, Introduces INR-Priced Plans for India - 30% Off Through July 2026 to Support Tax Filing Season
    April 1, 2026
    PAN Health Wins ‘Excellence in Manufacturing – Healthcare & Pharmaceuticals’ at ET Entrepreneur Awards 2026
    April 1, 2026
    US report flags high import duties, non-tariff barriers in India
    April 1, 2026
    Rupee rises 15 paise to 94.70 against US dollar in early trade
    April 1, 2026
    CBDT signs record 219 Advance Pricing Agreements (APAs) in FY 2025–26, taking total number of APAs beyond milestone of 1000 (i.e. 1034) since incept...
    April 1, 2026
    US lists India’s preference for domestic satellites for DTH, localised internet shutdown as trade barrier
    March 31, 2026
    Police recover huge cash, high-end vehicles from two Bihar govt officials
    March 31, 2026
    Quality of HP apple must be improved to compete with global players: Min
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April 1, 2026
GST collections rise 9 pc to over Rs 2 lakh cr in March, third highest in FY26
Show AI Summary
GST collections rise on strong domestic demand, higher import revenues, and recovering momentum after rate rationalisation.
GST collections increased in the reported month, with gross receipts rising on the strength of both domestic supplies and import-related revenues. After adjustment for refunds, net GST revenues also recorded year-on-year growth, indicating continued buoyancy in tax mobilisation. The trend was linked to a recent GST rate rationalisation, including lower rates on many goods and a simplified slab structure, with collections initially dipping after the tax cut before recovering in later months.
April 1, 2026
The ‘Perfect Colourants’ Growth Story: Driven by Mr. Madan Humad Since 1987 as India’s Leading Masterbatch and Compound Manufacturer & Exporter
Show AI Summary
Quality-controlled masterbatch manufacturing links R&D, regulatory compliance, and application-specific products across export markets.
Masterbatch and compound manufacturing is presented as a quality-controlled, export-oriented activity built on regulatory compliance, R&D support, and structured batch testing for colour consistency, dispersion, mechanical performance, and stability. The product range is described as application-specific, including laser marking masterbatches, flame retardant masterbatches meeting UL 94 ratings, long glass fibre reinforced compounds for metal replacement, and amber colour masterbatches for pharmaceutical packaging that comply with global regulatory requirements.
April 1, 2026
Guidance Note – Form 117
Show AI Summary
Identical question of law declarations under Form 117 keep pending tax disputes aligned with the final higher court decision.
Form 117 is the prescribed declaration by which an assessee states that a question of law in the assessee's pending case is identical to a question already pending before the High Court or Supreme Court in the assessee's own case for another tax year. The form is filed before the Assessing Officer or appellate authority, with supporting documents showing the related pending proceedings. If accepted, the assessee is bound by the final decision on the identical question and the pending order may later be amended to conform to that decision.
April 1, 2026
Form 117 – Frequently Asked Questions
Show AI Summary
Identical question of law declaration streamlines tax disputes by binding pending cases to the higher court's final decision.
Form 117 is the optional declaration used by an assessee to state that a question of law in the relevant case is identical to a question already pending before the High Court or Supreme Court in the assessee's own case for another assessment year. It may be filed before the Assessing Officer or the appellate authority, requires prescribed particulars and supporting documents, and once admitted binds the assessee to the final decision on that identical question while not stopping the pending proceedings.
April 1, 2026
Guidance Note – Form 116
Show AI Summary
Cross-objections before the Income-tax Appellate Tribunal require timely filing, supporting documents, and structured grounds under the prescribed form.
Form 116 is the prescribed memorandum of cross-objections to the Income-tax Appellate Tribunal, enabling a respondent in an appeal to challenge any part of the order appealed against without filing a separate appeal. It may be filed by a respondent, including an assessee, deductor, or the Income-tax Department, only after an appeal has been filed and notice of that appeal has been received. The form is to be furnished within thirty days, accompanied by relevant orders and supporting documents, and may include grounds for condonation of delay where applicable.
April 1, 2026
Form 116 – Frequently Asked Questions
Show AI Summary
Cross-objections before the Tribunal must be filed in the prescribed form, with separate grounds, tax effect, and timely notice-based filing.
Form 116 is the prescribed memorandum of cross-objections before the Income-tax Appellate Tribunal in response to an appeal already filed by the opposite party. It is available to a respondent such as an assessee, the Income-tax Department, or a government deductor, and must be filed within 30 days of receipt of notice. The form cannot be filed independently of an existing appeal, and each ground of cross-objection must be numbered, stated separately, and accompanied by the corresponding tax effect.
April 1, 2026
Guidance Note – Form 115
Show AI Summary
Income-tax appeal form governs Tribunal filings, prescribed time limits, supporting documents, and electronic submission requirements.
Form No. 115 is the prescribed appeal form for filing an appeal before the Income-tax Appellate Tribunal against appealable orders of income-tax authorities. It is to be filed by an aggrieved assessee or by the Income-tax Department, within two months from the end of the month in which the order is communicated, and may be accompanied by the relevant orders, grounds, statements, and supporting documents. The form is filed electronically, along with the prescribed fee, and is structured to capture appellant details, respondent details, appeal particulars, disputed amounts, grounds of appeal, and verification.
April 1, 2026
Form 115 – Frequently Asked Questions (FAQ)
Show AI Summary
Income-tax appeal procedure: Form 115 sets out filing requirements, tax effect details, fee payment, and Tribunal jurisdiction.
Form 115 is the prescribed memorandum of appeal for filing an appeal before the Income-tax Appellate Tribunal against specified orders under the Income-tax Act and Rules. It may be filed by an aggrieved assessee or by the Income-tax Department, and must be presented before the Tribunal having jurisdiction over the case. The form requires particulars of the parties, appeal details, disputed amount, grounds of appeal, fee payment, supporting documents, signature and verification, and it is not revisable after filing.
April 1, 2026
Guidance Note – Form 114
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Donation certificate form generated after donor reporting and processing of donation particulars under the Income Tax Act, 2025.
Form 114 is an acknowledgement and certificate of donation under the Income Tax Act, 2025, generated for a donor only after due filing and successful processing of Form-113 by a registered non-profit organisation. It records voluntary donations made during the relevant reporting period and contains Part A for donee information and Part B for donor information. The guidance also notes simplification of the form and alignment with the Act, including updated tax-year terminology.
April 1, 2026
Guidance Note – Form 113
Show AI Summary
Donation reporting compliance under Form 113 enables electronic filing, donor acknowledgement, and subsequent income tax claim support.
Form 113 is the electronic statement through which a registered non-profit organisation furnishes particulars of donations received during the tax year. It is filed for the reporting period by 31 May of the following tax year and contains Part A for the organisation's details and Part B for donor and donation particulars. Successful filing and processing support donor claim of the reported donation in a subsequent return of income and generation of Form 114 as the donation certificate or acknowledgement.
April 1, 2026
Form 113 & 114– Frequently Asked Questions
Show AI Summary
Donation reporting and donor certificates require mandatory electronic filing, enabling verified tax claims for voluntary contributions.
Registered non-profit organisations must electronically furnish the donation statement and issue the corresponding donor certificate within the prescribed reporting cycle. FN 113 records particulars of voluntary donations received during the tax year, while FN 114 is the acknowledgement or certificate for the donor. Filing is mandatory, requires a valid PAN, and must be done on the e-filing portal. A correction statement may be filed after submission, and a revised certificate may be issued if needed. The reporting process supports verification of donation claims and enables the donor to claim the relevant exemption or deduction in the return of income.
April 1, 2026
GST collections grow 8.8 pc to over Rs 2 lakh cr in March
Show AI Summary
GST collections rise on stronger domestic and import revenues, with net receipts also showing steady year-on-year growth.
Gross Goods and Services Tax (GST) collections rose by 8.8 per cent in March 2026 to over Rs 2 lakh crore, supported by higher tax realisations from domestic sales and imports. Refund issuance increased by 13.8 per cent to Rs 22,074 crore, and net GST revenues stood at about Rs 1.78 lakh crore after adjustment for refunds. For the full 2025-26 fiscal year, gross GST revenue rose 8.3 per cent to over Rs 22.27 lakh crore, while net revenues increased 7.1 per cent to Rs 19.34 lakh crore.
April 1, 2026
Japan's Leading Crypto Tax Platform, cryptact, Introduces INR-Priced Plans for India - 30% Off Through July 2026 to Support Tax Filing Season
Show AI Summary
Crypto tax compliance tools expand in India with INR pricing, Schedule VDA reporting, and automated filing support.
India's VDA tax compliance environment requires accurate transaction tracking, timely filing, and Schedule VDA-ready reporting, particularly in light of the flat tax on gains, transaction-level TDS, and the absence of loss offsets. A crypto tax platform has introduced INR-denominated paid plans for Indian users after an initial free rollout, while keeping a free portfolio-tracking option available without tax report downloads. The paid plans are presented as a means of enabling users to obtain filing documents, automate transaction import, and generate India-specific tax reports aligned with the Income Tax framework.
April 1, 2026
PAN Health Wins ‘Excellence in Manufacturing – Healthcare & Pharmaceuticals’ at ET Entrepreneur Awards 2026
Show AI Summary
Manufacturing excellence drives PAN Health's recognition for scale, quality, and growth in disposable personal hygiene products.
PAN Health received the 'Excellence in Manufacturing - Healthcare & Pharmaceuticals' award at the ET Entrepreneur Awards 2026 for its manufacturing scale, quality focus, and contribution to the disposable personal hygiene sector. The company is presented as a fast-growing Indian manufacturer aligned with the Make in India vision, operating a large facility in Rajkot, Gujarat, and producing multiple categories of hygiene products under brands including Little Angel, Liberty, and Everteen.
April 1, 2026
US report flags high import duties, non-tariff barriers in India
Show AI Summary
Trade barriers and tariff flexibility in India draw fresh US concerns over market access, standards and digital restrictions.
The report says India maintains high applied import duties and wide tariff flexibility, while also using numerous non-tariff barriers such as licensing requirements, Quality Control Orders, customs barriers, testing and certification mandates, and price controls. It further criticises opaque quantitative restrictions, burdensome import licensing for remanufactured goods, discretionary tariff changes, and complex customs exemptions. The report also flags concerns over standards, government procurement, foreign equity limits, digital trade barriers and internet shutdowns affecting market access and commercial operations.
April 1, 2026
Rupee rises 15 paise to 94.70 against US dollar in early trade
Show AI Summary
Net open position cap for banks tightened to curb foreign exchange exposure and reinforce currency risk management.
RBI capped the Net Open Position in Indian rupees for banks at USD 100 million, with compliance required by April 10, 2026. The measure requires banks to reduce currency exposure and align positions with the prescribed limit, reflecting regulatory control over foreign exchange exposure and risk management in bank dealings.
April 1, 2026
CBDT signs record 219 Advance Pricing Agreements (APAs) in FY 2025–26, taking total number of APAs beyond milestone of 1000 (i.e. 1034) since inception
Show AI Summary
Advance Pricing Agreements boost transfer pricing certainty as safe harbour reforms streamline compliance and strengthen business certainty.
CBDT signed a record number of Advance Pricing Agreements with Indian taxpayers in FY 2025-26, including unilateral and bilateral agreements, taking the cumulative APA count beyond the 1,000-mark since inception. The APA programme is described as a mechanism for strengthening transfer pricing certainty, easing compliance, and improving ease of business. Safe Harbour Rules complement the framework by prescribing fixed margins for specified international transactions, while recent reforms consolidate technology service categories, raise the eligibility threshold, and introduce a more automated process.
April 1, 2026
US lists India’s preference for domestic satellites for DTH, localised internet shutdown as trade barrier
Show AI Summary
Domestic satellite preference and internet shutdown controls are flagged as trade barriers affecting satellite services and digital commerce.
Preference for domestic satellites in direct-to-home television services, restrictions on direct foreign contracting, and procedural delays in accessing foreign satellite capacity are described as barriers to foreign trade. The report also urges an open skies satellite policy to expand market access. Localised internet shutdowns and increased takedown requests are said to impede the digital economy, while satellite communication providers face security instructions on interception, blocking, routing, registration, disclosure, geo-fencing, data localisation, and phased sourcing of ground infrastructure.
March 31, 2026
Police recover huge cash, high-end vehicles from two Bihar govt officials
Show AI Summary
Disproportionate assets probe leads to recovery of cash, vehicles and property documents from senior officials.
Police action against two senior Bihar government officers for alleged possession of disproportionate assets led to searches at multiple locations and recovery of property documents, cash, luxury items and vehicle records. The Economic Offences Unit registered separate FIRs against Kishanganj SDPO Gautam Kumar and Saharsa DRDA director Vaibhav Kumar after preliminary findings indicated assets allegedly far in excess of their known income, with suspected benami properties and investments traced to family members and associates. Searches yielded documents relating to numerous land parcels, residential property, insurance and financial investments, bank deposits, cash, luxury watches, high-end vehicles and other valuables.
March 31, 2026
Quality of HP apple must be improved to compete with global players: Min
Show AI Summary
Free trade agreements and apple imports raise concerns over Himachal orchardists' economic interests and market competitiveness.
Himachal Pradesh's apple sector was discussed in the context of free trade agreements with the European Union, the United States, New Zealand and other countries, with concern that lower import duties on apples could affect the economic interests of local growers. A private resolution urged the central government to frame a policy to safeguard orchardists, and the government accepted the resolution. The debate also noted that Himachal apples must improve in quality to compete with imports and that the state lags behind those markets in quality standards.

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GST

GST collections grow 8.8 pc to over Rs 2 lakh cr in March

April 1, 2026

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New Delhi, Apr 1 (PTI) Gross GST collections grew 8.8 per cent to over Rs 2 lakh crore in March, aided by tax mop-ups from domestic sales as well as imports, government data showed on Wednesday.

The gross Goods and Services Tax (GST) mop-up was Rs 1.83 lakh crore in March, 2025.

Gross domestic revenues rose 5.9 per cent to over Rs 1.46 lakh crore, while those from imports grew 17.8 per cent to Rs 53,861 crore.

Refund issuance during March rose 13.8 per cent to Rs 22,074 crore, the latest data showed.

After adjusting refunds, net GST revenues stood at about Rs 1.78 lakh crore, up 8.2 per cent year-on-year.

Gross GST revenue for the full 2025-26 (April-March) fiscal recorded a growth of 8.3 per cent to over Rs 22.27 lakh crore.

Net revenues, after adjusting for refunds, grew 7.1 per cent to Rs 19.34 lakh crore in FY26. PTI JD HVA

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