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    Punjab records highest-ever GST collection of Rs 2,987.4 cr in April
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May 1, 2026
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Goods and Services Tax collection surge in Punjab driven by enforcement, compliance gains and technology-based anti-evasion measures.
Punjab reported its highest-ever monthly Goods and Services Tax collection for April, with gross and net GST receipts at record levels and strong year-on-year growth. The increase was attributed to improved core tax administration and compliance, and adjusted growth remained positive even after neutralising an abnormal IGST adjustment from the comparable period. Intensified enforcement, data analytics, intelligence-based inspections and anti-evasion drives were cited as key contributors, alongside technology-driven enforcement and taxpayer facilitation.
May 1, 2026
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Money laundering enforcement shifts toward cyber fraud and terror financing as asset attachments, prosecutions and safeguards expand.
Financial crimes have shifted from bank frauds, corporate scams and real estate cheating toward cryptocurrency fraud, cyber-enabled offences, terror financing and narcotics trafficking, with money laundering investigations described as highly complex because they involve multiple jurisdictions, cross-border transactions, layered financial structures and evolving technologies. The agency reported increased prosecution complaints, a high conviction rate, substantial asset attachments and use of restoration provisions to return properties to victims, while also strengthening supervisory controls, summons verification and accountability mechanisms.
May 1, 2026
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GST collections hit record high as import-led revenues outpace domestic growth under the restructured tax regime.
Gross GST collections rose to a record high in April, driven by stronger import-linked revenues and moderate growth in domestic transactions. Net GST collections also increased after refunds were adjusted, indicating continued revenue expansion under the restructured GST regime. The article notes that post-GST 2.0 rate rationalisation, slab simplification, and technology-led administration have coincided with steady monthly growth, while import-led receipts have continued to outpace domestic collections.
May 1, 2026
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GST revenue collections for April 2026 show gross, refund and net figures alongside state-wise settlement and domestic collection tables.
Gross GST revenue for April 2026 is broken into domestic collections and import IGST collections, with separate reporting of refunds and net revenue under CGST, SGST and IGST. The figures are provisional and may vary slightly on finalisation. The document also presents State-wise SGST and the SGST portion of IGST settlement amounts, along with State-wise domestic collections by Central and State formations, GSTIN counts and growth figures.
May 1, 2026
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Bilateral trade and economic cooperation expand as India and Tanzania deepen sectoral collaboration across trade, energy, health, and infrastructure.
Bilateral trade and economic cooperation between India and Tanzania were reviewed through the 5th Session of the Joint Trade Committee, with both sides reaffirming a commitment to strengthen trade, investment, and institutional dialogue. A range of cooperation areas was identified, including local currency trade settlement, long-term business visas, pharmaceuticals, health, education, shipbuilding, mining, digital public infrastructure, e-commerce, agriculture, fisheries, healthcare, transport, renewable energy, and market access issues such as tariffs, phytosanitary measures, and regulatory procedures.
May 1, 2026
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Anti-money laundering enforcement strengthened to curb financial crimes, protect common money, and ensure bias-free investigation.
The Enforcement Directorate's expanded powers under the anti-money laundering framework are presented as a response to money laundering, hawala, benami assets, corporate fraud and terror funding, and not as a tool to target any person. The account stresses zero tolerance for corruption, equal application of law, bias-free investigation, timely filing of chargesheets, and asset attachment and restoration to legitimate owners such as banks, investors and home buyers.
May 1, 2026
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Capital expenditure priority continues despite fiscal stress, as fuel duty changes and export controls aim to balance prices and supply.
Government expenditure policy remains focused on preserving the budgeted capital expenditure push despite fiscal stress arising from global uncertainty and higher crude oil prices. The planned capital outlay is to be maintained to support growth momentum, with priority sectors identified as highways, railways, shipping, ports and urban development. Recent excise duty cuts on petrol and diesel, along with export duties on diesel and aviation turbine fuel, reflect a balancing of price containment, domestic availability and revenue considerations.
May 1, 2026
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RoDTEP schedule alignment updates customs tariff mapping to reduce classification ambiguity and streamline export benefit processing.
The Department of Commerce has revised the RoDTEP schedules to align Appendix 4R and Appendix 4RE with the amended Customs tariff structure under the First Schedule to the Customs Tariff Act, 1975, as updated by the Finance Act, 2026. The revision realigns RoDTEP tariff lines with the updated customs nomenclature, covering additions, deletions and description changes, and is intended to support implementation of RoDTEP benefits in the Customs Automated System, reduce classification ambiguity and maintain consistency between customs tariff entries and RoDTEP schedules.
May 1, 2026
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Startup ecosystem collaboration boosts innovation, global linkages, and support services for recognised startups.
A Memorandum of Understanding between the Department for Promotion of Industry and Internal Trade and Chamber India is directed toward strengthening the startup ecosystem through innovation-led growth, deeper engagement among startups, corporates, investors, and global stakeholders, and expanded international and cross-border collaboration. DPIIT-recognised startups are to receive concessional Chamber membership with a rebate, together with access to export facilitation, IPR advisory, business matchmaking, and participation in global delegations.
May 1, 2026
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Export duty on petroleum products revised as fortnightly levy review keeps petrol nil and raises diesel and ATF export charges.
Revised Special Additional Excise Duty and Road and Infrastructure Cess rates have been notified for exports of petroleum products for the fortnight beginning 1 May 2026. Diesel exports attract duty of Rs. 23 per litre as SAED only, aviation turbine fuel exports attract Rs. 33 per litre as SAED only, and petrol exports continue to attract nil duty. The export levies are reviewed fortnightly on the basis of average international prices, while domestic excise duty rates on petrol and diesel remain unchanged.
May 1, 2026
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Unified Payments Interface scales India's digital payments ecosystem with massive adoption, interoperability, and financial inclusion.
Unified Payments Interface (UPI) has expanded over a decade into India's backbone digital payments infrastructure under NPCI and RBI oversight, with broad bank onboarding and wide merchant and person-to-person adoption. The system is described as a major driver of financial inclusion and high-frequency retail payments, supported by interoperability across banks and payment participants. UPI's scale is reflected in sharp growth in transaction volume and value, including daily and monthly record levels in 2025 and FY 2025-26, along with a large share of India's digital payments and nearly half of global real-time payment volume.
May 1, 2026
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GST collections rise to a record high as April revenue shows a strong monthly increase in tax receipts.
Gross GST collections rose by 8.7 per cent in April to a record high, according to government data, reflecting a strong increase in tax revenues during the month. The reported collection level was the highest recorded for the period covered by the update, and the note presents the rise as part of the latest monthly GST revenue position.
May 1, 2026
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GST collections reach record high as domestic receipts, import-linked inflows, and net mop-up all rise in April.
Gross Goods and Services Tax collections rose to a record high in April, with overall receipts increasing year on year. Domestic transaction revenues registered a moderate increase, while collections from imports rose sharply. Refunds also increased during the month, but net GST mop-up remained higher after adjustment for refunds.
May 1, 2026
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Crypto currency frauds and terror financing emerge as new enforcement focus areas for the agency.
The Enforcement Directorate identified crypto currency frauds, terror financing, cyber-enabled crimes and narcotics trafficking as its new focus areas, while noting a decline in bank and real estate frauds after implementation of the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act. It also reported filing 812 chargesheets and 155 supplementary chargesheets during 2025-26, a 94 per cent conviction rate, pending money laundering trials, and restitution of assets to victims of financial fraud under the Prevention of Money Laundering Act, the Fugitive Economic Offenders Act and the civil provisions of the Foreign Exchange Management Act.
May 1, 2026
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Trade barriers and tariff reduction shape the provisional EU-Mercosur deal, alongside safeguard clauses and legal challenge.
The EU-Mercosur trade agreement has taken provisional effect, beginning a gradual reduction of trade barriers and tariffs and opening wider market access for exporters and businesses on both sides. The deal is subject to a legal challenge before the EU judiciary and may be halted if the court rules against it. It preserves economic safeguard clauses for sensitive sectors such as poultry, beef, sugar and fruit while facing opposition over competition, environmental standards and market disruption.
May 1, 2026
Show AI Summary
Windfall gains tax on fuel exports reduced as diesel and aviation turbine fuel duties are revised downward.
Windfall gains tax on exports of diesel and aviation turbine fuel was reduced, with the special additional excise duty on diesel exports cut to Rs 23 per litre and on aviation turbine fuel to Rs 33 per litre. The road and infrastructure cess on diesel exports was made nil for the next fortnight, and the duty on petrol exports remained nil. No change was made in the existing excise duty rates applicable to petrol and diesel for domestic consumption.
April 30, 2026
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FDI automatic route rules are being eased for foreign companies with limited Chinese shareholding, alongside faster processing for key sectors.
Foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent are to be permitted to invest in India under the automatic route in sectors where foreign direct investment is allowed, subject to notification under FEMA. The relaxed regime does not extend to entities registered in China, Hong Kong, or other land-border countries, and earlier mandatory government approval requirements are being revised accordingly. FDI proposals in specified manufacturing-related sectors are to be processed within 60 days, and older proposals under the earlier framework are being reviewed for possible investment on intimation basis.
April 30, 2026
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Reproductive rights and legal administration take centre stage as the Supreme Court flags pregnancy termination, airfare regulation, and tribunal delays.
The Supreme Court highlighted issues concerning reproductive rights, airfare regulation, mediation in a commercial dispute, court strikes, professional misconduct, and insolvency delays. It said a child cannot be forced to bear a pregnancy and urged amendment of the law to permit termination by rape survivors beyond 20 weeks, sought a Centre affidavit on airfare guidelines, appointed a sole mediator in a textile project dispute, and took note of delays and administrative concerns in judicial and quasi-judicial processes.
April 30, 2026
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Fake Aadhaar racket enforcement exposes organised identity document forgery and illegal preparation of forged documents.
Police action against an alleged fake Aadhaar and forged-document racket led to the arrest of three persons operating an illegal setup to prepare identity documents. The search resulted in recovery of a fingerprint scanner, laptops, a hard disk, a scanner, multiple Aadhaar cards and other suspicious documents, indicating organised misuse of identity-document systems. Interrogation suggested that the group had been engaged in preparing fake identity documents for some time and was using the activity to deceive people and earn unlawful gain.
April 30, 2026
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Investment facilitation and manufacturing confidence drive grounded projects, diversified inflows, and large-scale job creation across multiple states.
Invest India facilitated the grounding of 60 projects worth over USD 6.1 billion in Financial Year 2025-26, spanning 14 states and expected to generate more than 31,000 jobs. The investment inflow was led by Europe, with participation from the United States, Japan, South Korea, Australia, and other markets, while emerging source countries reflected diversification in the investment base. The facilitation model covers the full investment lifecycle, supports joint ventures, and builds integrated industrial ecosystems. Chemicals, pharmaceuticals and biotechnology, and food processing accounted for a major share of grounded investments, alongside activity in electronics system design and manufacturing, aerospace and defence, and auto/EV.

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Reliefs sought in plea concerning Aadhaar require legislative intervention, says SC

May 4, 2026

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New Delhi, May 4 (PTI) The Supreme Court on Monday said the issuance of new Aadhaar cards only to citizens up to the age of six years require legislative intervention and appropriate amendments in the existing legal framework.

A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi was hearing a public interest litigation (PIL) seeking direction to the Unique Identification Authority of India (UIDAI) to issue new Aadhaar cards only to citizens up to the age of six years.

The bench said the appropriate recourse for the petitioner would be to bring all these issues to the notice of the State and other stakeholders to enable them to take cognisance of them.

It disposed of the petition with a direction that it be treated as a representation on behalf of the petitioner.

The plea filed by lawyer Ashwini Upadhyay had also sought a direction to frame stringent guidelines for issuance of Aadhaar to adolescents and adults to stop infiltrators from masquerading as Indian citizens.

It had sought a direction to the authorities to install display boards at common service centres stating that the 12-digit unique identification number was only a "proof of identity" and not a proof of citizenship, address or date of birth.

"As may be seen from the nature of reliefs, most of these require legislative intervention and appropriate amendments in the existing legal framework," the bench said.

Upadhyay told the bench that the UIDAI has issued 144 crore Aadhaar and almost 99 per cent Indians have been enrolled.

"Point out these issues to the Parliament and the government. They will take care of them," the bench observed.

The petitioner said it was not an adversarial litigation and the plea was for preventing infiltrators from getting Aadhaar.

He referred to the issue of fake documents and said anyone with a rent agreement can get an Aadhaar.

"You raise your grievances to the Union government. They will take appropriate steps," the bench said.

The bench, without expressing any opinion on the merits, disposed of the petition with a direction that it be treated as a representation on behalf of the petitioner.

Besides all the states and Union Territories, the plea had made the UIDAI -- which is the authority that issues Aadhaar -- and the Union ministries of home, law and justice, and electronics and information technology as parties.

The plea, filed through advocate Ashwani Dubey, said Aadhaar, originally intended as a proof of identity, has increasingly become a "foundational document" enabling individuals to obtain other identification documents, such as ration cards, domicile certificates and voter identity cards.

"The UIDAI has issued 144 crore Aadhaar and 99 per cent Indians have been enrolled. Therefore, the petitioner is filing this writ petition as a PIL under Article 32, seeking a direction to UIDAI to issue new Aadhaar to children only and frame new stringent guidelines for adolescents and adults, so as to stop infiltrators from getting it and masquerading as Indian citizens," the plea said.

It said the need to file the plea arose when the petitioner came to know the manner in which infiltrators are able to procure Aadhaar through a verification process that is weak and can be easily manipulated.

"Foreigners apply for Aadhaar under the 'foreign' category. But infiltrators apply for Aadhaar under the 'Indian citizen' category and get it easily made. Thereafter, they obtain a ration card, birth and domicile certificate, driving licence, et cetera, essentially becoming indistinguishable from Indian citizens...," it said.

Besides seeking other directions, the plea raised legal questions, including whether the Aadhaar Act 2016 has become "temporally unreasonable" for failing to keep up with the legislative intent of distinguishing foreigners from Indian citizens.

It said the alleged misuse of Aadhaar undermines targeted welfare delivery and leads to diversion of public resources. PTI ABA SJK ABA KVK KVK

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Acts Income Tax