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    GST REIMBURSEMENT SCHEME
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    FIMER Announces Strategic Partnership With Redington Solar To Strengthen Pan India Distributor Network
    Payment Modules for Tax Deductors Under GST Act, 2017
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May 20, 2026
Show AI Summary
GST reimbursement workflow requires taxpayer registration, annexure filing, certificate upload, refund application and online status tracking.
GST reimbursement under the Assam Industries (Tax Reimbursement for Eligible Units) Scheme is processed through the Commissionerate of Taxes portal by taxpayer registration, login and profile creation, including first-time password change and access to the dashboard. The portal directs the user to the relevant reimbursement workflow for the 2017 or 2021 scheme and enables selection of the appropriate annexures for filing. For reimbursement under the 2021 scheme, the taxpayer must complete Annexure-8 and Annexure-9 with unit particulars, eligibility and certificate details, exemption period and bank particulars, then upload the prescribed certificates and submit the application for jurisdictional approval.
May 20, 2026
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Digital signature certificate setup in GST portal requires Java, emSigner, token login, and certificate-based electronic signing.
Digital Signature Certificate use in the GST portal depends on system preparation, including a compatible Windows environment, Internet Explorer 11, Java installation, and the emSigner utility. The Java exception site list must include the local port address used by the signer service, and the emSigner service must be running before the portal can recognise the token-based signature setup. The process then moves through token insertion, GST officer login, and selection of the relevant certificate for electronic signing after entry of the token PIN or password.
May 20, 2026
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Pan-India solar inverter distribution expands market access, service support, and adoption across residential and commercial rooftop segments.
Pan-India distributorship agreement was entered into for FIMER's string inverter portfolio, with Redington Solar appointed as the distribution partner to extend nationwide market access for solar inverter products. The arrangement is intended to strengthen reach across commercial and industrial customers, solar developers, EPCs, rooftop installers, and residential users, including support for 3KW and 5KW inverter solutions under the PM Surya Ghar initiative as well as other commercial inverter offerings. The partnership provides single-point distribution support covering product availability, competitive pricing, credit assistance, logistics, commissioning assistance, and after-sales service.
May 20, 2026
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GST tax deduction at source applies to specified government payments, with monthly deposit, return filing, and certificate issuance requirements.
Section 51 GST TDS applies to specified government deductors from 1 October 2018, requiring registration before payment to suppliers above the prescribed contract threshold. Intra-State supplies attract 1% CGST and 1% SGST, while inter-State supplies attract 2% IGST, with tax computed on the taxable value excluding GST and cess shown in the invoice. Deductors must maintain records, generate CPIN challans, deposit tax, file FORM GSTR-7 within ten days after month-end, and issue FORM GSTR-7A certificates.
May 20, 2026
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GST tax deduction at source: registration, deduction, payment, monthly return filing and TDS certificate requirements for deductors.
Tax deduction at source under the GST Act applies to specified government entities and public bodies making payment for taxable supplies above the prescribed threshold. The tax deductor must register online in FORM GST REG-07, deduct tax at the applicable rate from taxable supply value, deposit the amount through the GST portal by the due date, file monthly return in FORM GSTR-7, and issue FORM GSTR-7A certificate to the deductee. The guideline also covers treasury and non-treasury payment procedures, amendment of registration and return details, transitional cases, and default consequences including interest, late fee and penalty.
May 19, 2026
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Green Technology and Innovation Strategic Partnership deepens India-Nordic cooperation on clean energy, sustainability and trusted technologies.
India and the Nordic countries agreed to elevate their relationship to a Green Technology and Innovation Strategic Partnership, focusing on clean energy, sustainability, innovation, emerging technologies and trusted technologies. The partnership is intended to combine innovation, scale and talent while advancing shared commitments to democracy, the rule of law, multilateralism and a rules-based global order. The leaders also discussed trade and investment ties, research collaboration, Arctic and polar research, skill development, talent mobility and cooperation in multilateral fora.
May 19, 2026
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Information Security Management Systems certification strengthens police data protection, cyber resilience, and confidentiality of sensitive digital infrastructure.
Karnataka State Police Data Center has been awarded ISO/IEC 27001 certification for Information Security Management Systems, recognising compliance with internationally accepted standards for information security, data protection, cyber security practices and information management processes. The certification is said to strengthen confidentiality, integrity and availability of sensitive information and critical digital infrastructure, while improving cyber resilience, protection against unauthorised access, and the security, privacy, transparency and accountability of data management.
May 19, 2026
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India-UK trade agreement implementation could ease whisky tariffs and support export growth, jobs and market access.
Swift implementation of the India-UK Comprehensive Economic and Trade Agreement is being sought by the Scotch Whisky Association, which expects the pact to support exports to India. The agreement has been signed and ratified in the UK, but operationalisation has encountered delays linked to proposed steel import restrictions. Officials are working on a creative solution so the agreement can be formalised at an early date, while the wider trade deal is presented as reducing whisky tariffs and supporting growth, jobs and export opportunities.
May 19, 2026
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Input tax credit refund filing now requires Annexure-B through the offline utility with invoice-wise HSN/SAC reporting and GSTR-2B validation.
Annexure-B for refund applications involving accumulated Input Tax Credit must be furnished through the prescribed offline utility on the GST portal for specified refund categories, including exports without payment of tax, supplies to SEZ units or developers, inverted tax structure claims, and export of electricity. The utility requires invoice-wise HSN/SAC-wise reporting, separate line items for different input categories, correct disclosure of taxable value, tax amount, blocked credit status, and proper reporting of ITC reversals. The generated JSON is to be uploaded for validation against GSTR-2B, subject to the system rules for validation, duplicate checks, and file limits.
May 19, 2026
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State Domestic Product estimation discussions focus on reconciling methodologies, data sources, and comparable GSDP estimates.
Annual joint discussions between the National Accounts Division and State/UT economics and statistics directorates are held to reconcile differences in State Domestic Product estimates compiled independently by the States/UTs and the national accounts authorities. The current exercise covers current price Gross State Domestic Product estimates for FY 2022-23, 2023-24 and 2024-25 on the revised base year 2022-23, with sectoral groups examining revised methodologies and data sources to arrive at comparable SDP estimates.
May 19, 2026
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Industry-government collaboration drives reforms, export growth and digital infrastructure expansion for stronger competitiveness and resilient growth.
Industry-government collaboration is urged to improve ease of doing business, strengthen competitiveness and accelerate reforms through resilience, productivity, supply-chain strength and export growth. Investment in data centres, cloud services and digital infrastructure is promoted, with cloud services from India or Indian data centres to the rest of the world described as enjoying 100 per cent tax-free status till 2047. Export-led growth, value addition, industrial parks, a single-window system and integrated digital access are presented as key operational priorities.
May 19, 2026
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Rupee depreciation driven by oil prices, capital outflows and dollar strength raises inflation and external pressure.
Sharp depreciation of the Indian rupee is attributed to elevated crude oil prices, sustained foreign portfolio outflows, widening trade deficits and broad US dollar strength. India's heavy dependence on imported oil increases dollar demand, while rising gold imports and higher overall imports widen the current account gap and add pressure on the currency. Reserve Bank of India intervention can smooth volatility, but it cannot fully offset structural pressure from oil costs and capital outflows.
May 19, 2026
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Pillar 3 disclosure requirements are being aligned with Basel norms as draft capital adequacy amendments invite public comments.
The Reserve Bank of India has issued draft amendment directions to align Pillar 3 disclosure requirements with the Basel Pillar 3 disclosure framework and invited public comments. The consultation covers proposed amendments to capital adequacy directions for commercial banks and small finance banks, reflecting a review aimed at greater consistency in prudential disclosure norms. Comments may be submitted through the designated online regulatory channel, by post, or by email within the stated consultation period.
May 19, 2026
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Inflation pass-through from fuel prices keeps CPI under watch as wholesale costs and RBI caution rise.
Retail inflation remained below the RBI's medium-term target even as wholesale inflation rose sharply, with fuel and energy prices driving a marked divergence between CPI and WPI readings. Petrol and diesel price increases are expected to add to retail inflation gradually through transport, logistics, food distribution and other input costs. The RBI is expected to maintain a cautious pause on interest rates while monitoring global crude prices, food inflation and the transmission of fuel price increases into retail inflation.
May 19, 2026
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EV charging and critical power growth drive Exicom's strongest FY26 quarter with EBITDA breakeven and expanding capacity.
Exicom Tele-Systems reported its strongest quarter of FY26, with standalone revenue and EBITDA margin improving sharply and consolidated EBITDA turning breakeven for the first time since the Tritium acquisition. The company linked the improvement to stronger domestic EV charging demand, rising exports and Tritium's commercial scale-up, while noting that the full-year consolidated loss reflected a longer period of Tritium operations in FY26. It also highlighted growth in the critical power business and the inauguration of an integrated Hyderabad manufacturing facility.
May 19, 2026
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Trade confidence in SME family businesses remains strong, but worsening risk and governance tensions are dragging down export potential.
India's SME family business exporters show strong trade optimism, but that confidence is being reduced by a hostile and worsening risk environment. A study of 461 leaders uses four indices to measure forward-looking optimism, macro risk burden, risk momentum, and family governance risk, producing a modestly positive Net Trade Confidence Score. The report highlights a structural gap between business expectations and operating conditions and calls for targeted support on trade literacy, export finance, and family governance in internationalisation decisions.
May 19, 2026
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Money laundering through benami accounts and extortion allegations drove custodial interrogation in a large financial crime probe.
Proceedings under the Prevention of Money Laundering Act involved allegations that Ashok Kharat orchestrated an extortion racket and laundered more than Rs 70 crore through benami bank accounts. The agency alleged misuse of victims' documents, opening of multiple accounts in a single day, and acquisition of properties in the names of Kharat and his family members from the alleged proceeds.
May 19, 2026
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Temple gold monetisation rumours denied; official communications confirm no approved scheme or strategic reserve classification.
False claims regarding a proposed monetisation scheme for temple gold holdings are expressly denied. Assertions that the Government plans to issue gold bonds to temples in exchange for temple gold reserves, or that any such proposal has been approved, are stated to be completely false, misleading, and without basis. Claims that gold plates on temple towers, doors, or other temple structures would be treated as Strategic Gold Reserves of India are also denied as baseless.
May 18, 2026
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Sanctions compliance settlement follows alleged Iran-linked LPG shipments, with cooperation, self-disclosure and remedial controls credited.
Civil sanctions liability arising from alleged Iran-related LPG shipments was settled with the U.S. Treasury Department's Office of Foreign Assets Control, without any admission of the allegations. The company's purchases from a Dubai-based trader were alleged to have involved LPG that originated from Iran, despite being represented as Omani and Iraqi supply. OFAC credited extensive cooperation, proactive self-disclosure, suspension of LPG imports, and strengthened sanctions compliance measures across the corporate group.
May 18, 2026
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Supply shock monitoring shapes RBI's data-dependent inflation stance as temporary price spikes may be looked through.
The Reserve Bank of India is monitoring whether supply shocks become embedded in the general price level and require monetary policy action. Temporary first-round effects may be looked through, but sustained increases that raise wages, production and transportation costs and generate broader inflation may call for tighter policy. A wide inflation tolerance band provides space to absorb short-run volatility while keeping the medium-term focus on price stability and data-dependent policy.

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Customs & Trade

Cultural Integration Along Guangxi-Vietnam Border: Baise's Events Build a Bridge for China-Vietnam Neighborly Connectivity

May 15, 2026

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BAISE, China, May 15, 2026 /Xinhua-AsiaNet/ -- Baise, Guangxi, located in southern China, shares contiguous mountains and rivers, intertwined cultural heritage and folk customs with Vietnam. It serves as a vital gateway for people-to-people exchanges and friendly neighborhood interactions along the China-Vietnam border. During the 2026 Guangxi March 3rd · Bagui Carnival held recently, leveraging its border geographical advantages, the Publicity Department of Baise City elaborately organized a host of cross-border events covering sports, intangible cultural heritage (ICH), reading and folk customs. Bonded by diverse cultural activities, the city deepens cultural mutual learning and people-to-people connectivity in border areas, further polishing the border brand of China-Vietnam good neighborliness and cross-border cultural integration.

Sports as a Medium: Building a Heart-to-Heart Bond Across the Border On April 23, the China-Vietnam Border Staff Football Invitational Tournament kicked off in Napo County, Baise. Teams from Vietnamese border provinces and athletes from Chinese border counties competed and exchanged skills on the pitch, forging deeper friendship and consensus through friendly competition. On April 25, the China-Vietnam Basketball Friendly Match was held at Jingxi Gymnasium.

Integrating competitiveness and mass participation, this series of cross-border sports events not only enriches the cultural and sports life of border residents and boosts national fitness along the border, but also leverages the inclusive power of sports to break geographical barriers and consolidate the neighborly bond between Chinese and Vietnamese border dwellers.

ICH Inherits Charm: Interpreting Shared Folk Traditions of Two Nations On April 23, the China-Vietnam Folk ICH Exchange Gala Southern Melody, Resonance Across Two Nations took place in Jingxi. The gala gathered artistic elites from Jingxi, Debao and Napo, as well as the Trà Lĩnh Art Troupe from Vietnam's Cao Bang Province, bringing together premium folk art resources of both countries.

On stage, Southern Zhuang Opera and Zhuang Molun Ballads were performed in succession, accompanied by live demonstrations of exquisite Zhuang brocade craftsmanship and authentic border folk performances. Artists from China and Vietnam performed together, showcasing the glamour of intangible cultural heritage. The shared folk traditions transcend national boundaries, presenting a vivid practice of people-to-people communication and cultural coexistence along the China-Vietnam border.

Scholarly Fragrance Spreads Far: Nurturing Cross-border Youth Friendship On April 25, the themed exchange event Books Link China and Vietnam, Youth Share the Joy of Reading was held at Jingxi National Gate Bookstore. At the event, Guangxi Publishing & Media Group awarded the plaque of "China-Vietnam Joint Reading Site" to the venue, marking a new permanent platform for regular China-Vietnam cultural exchanges in Baise and laying a solid foundation for long-term cross-border cultural interaction.

Chinese and Vietnamese writers and cultural guests gathered to share ideas and insights on literary creation. Youth representatives from both countries recommended outstanding local literary works to each other. With books as the link and words as the bridge, the event promotes exchanges of cultural ideas and joint engagement among young people across the border.

Melodies Convey Affection: Singing the Youth Friendship Along the Border On the evening of April 25, the China-Vietnam Youth "March 3rd" New Folk Song Concert opened at Jingxi Splendid Ancient Town. Young singers from both countries took the stage together. Rooted in the profound traditional folk culture of the two nations, they innovatively blended ancient border folk songs with modern pop music, presenting musical works featuring ethnic charm and contemporary vibes.

The melodious tunes transcend mountains and seas to connect hearts, vividly interpreting the time-honored sincere friendship between Chinese and Vietnamese youth and endowing border folk culture with brand-new vitality.

Folk Customs Gather Together: Painting a Scene of Shared Joy for Border Dwellers On April 26, the China-Vietnam Border Dwellers "March 3rd" Cultural, Sports and Folk Customs Event was held at Jingxi Equan Scenic Area. The venue was immersed in strong folk atmosphere. Ethnic costume shows and cross-border folk song antiphonal singing fully displayed the beauty of cultural integration along the China-Vietnam border. Featured folk performances such as throwing embroidered balls and field dwarf dances showcased the unique charm of traditional Zhuang culture.

At the ICH experience and specialty food exhibition areas, Chinese and Vietnamese border dwellers made embroidered balls together, experienced tie-dye craftsmanship and tasted five-color glutinous rice. The immersive interactive experience drew the people of the two nations closer.

Covering sports, intangible cultural heritage, literature, music and folk customs, Baise's series of cross-border exchange events feature rich levels and diverse forms, shaping a multi-layered, three-dimensional and normalized pattern of people-to-people exchanges along the China-Vietnam border.

Baise will continue to capitalize on its border location and cultural resources, further deepen cross-border people-to-people exchanges, forge distinctive border cultural exchange brands, and regularly hold cross-border cultural, sports and folk interactive activities. The city will keep consolidating China-Vietnam neighborly friendship along the border, writing a new chapter of cultural coexistence, people-to-people connectivity and win-win cooperation between the two countries across the border.

Source: The Publicity Department of Baise City (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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