Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    DIGITAL SIGNATURE CERTIFICATE (DSC) Registering & Signing in GST Portal
    FIMER Announces Strategic Partnership With Redington Solar To Strengthen Pan India Distributor Network
    Payment Modules for Tax Deductors Under GST Act, 2017
    DUTIES AND RESPONSIBILITIES OF TAX DEDUCTOR UNDER GST ACT, 2017
    India, Nordic nations agree to elevate ties to Green Technology and Innovation Strategic Partnership
    Karnataka State Police Data Center earns ISO/IEC 27001 certification
    UK’s Scotch whisky body hopes for 'swift' India FTA implementation
    Filing of Annexure-B for Refund Applications involving Accumulated ITC using the offline utility in GST portal
    Annual Joint Discussions on Comparable Estimates of State Domestic Product (SDP) For FY 2022-23, 2023-24 and 2024-25 on New Base Year 2022-23 between ...
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Stronger Industry-Government Collaboration, Urges Turning Global Uncertainties int...
    Oil surge over West Asia crisis to sustained FPI outflows -- what's behind the rupee's fall
    RBI invites comments on the draft “Reserve Bank of India (Capital Adequacy) Amendment Directions, 2026”
    India's Inflation Puzzle: How Will Fuel Price Play Out
    Exicom Delivers its Strongest Quarter of FY26 as Both Businesses Return to Sharp Growth
    SPJIMR CFBE Report: India's SME exporters remain optimistic amid escalating global and family business risks
    Rs 70 crore money laundering case: ED gets court nod to arrest 'godman' Ashok Kharat
    Clarification on false claims on monetisation of temple gold holdings
    Adani settles alleged Iran sanctions violation case with US Treasury
    Keeping close watch on supply shock, impact on inflation: RBI Guv Malhotra
    Adani resolves OFAC sanctions case with USD 275 mn settlement after 'proactive' disclosure, cooperation
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
May 20, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
May 18, 2026
Show AI Summary
Sanctions compliance and voluntary self-reporting led to a reduced OFAC settlement for Iranian-origin LPG import allegations.
Adani Enterprises settled an OFAC sanctions matter involving apparent violations linked to imports of Iranian-origin LPG through Mundra Port by agreeing to pay USD 275 million. The company said the resolution did not constitute a finding of guilt or wrongdoing and resolved all related liabilities. OFAC reduced the amount after voluntary self-reporting, proactive disclosure, cooperation, and corrective compliance steps, including strengthened sanctions controls and enhanced internal measures across the corporate group.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

Union Minister of Commerce & Industry, Shri Piyush Goyal, Launches BHAVYA Portal

June 8, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

BHAVYA Scheme to Promote Competitive Development of Industrial Parks Across States: Shri Piyush Goyal

Government’s Focus on Infrastructure, Reforms and Digital Connectivity Has Created Strong Foundation for Growth: Shri Goyal

BHAVYA Parks to Include Dedicated Spaces for Startups, Deep-Tech, R&D and Innovation-Led Enterprises: Shri Piyush Goyal

Modern Testing Facilities to Be Developed in BHAVYA Parks in Partnership with BIS, EIA and FSSAI: Shri Goyal

NICDC to Lead Implementation and Monitoring of BHAVYA Through Dedicated Digital Platform

In a significant step towards the operationalisation of the Bharat Audyogik Vikas Yojana (BHAVYA), Union Minister of Commerce & Industry, Shri Piyush Goyal, launched the BHAVYA Portal today in New Delhi.

Addressing the gathering, Shri Piyush Goyal said that the BHAVYA Scheme will adopt a competitive model under which States will be encouraged to submit detailed project proposals highlighting their industrial strengths, availability of land, investor interest and sectoral potential. He said the Government will work closely with industry to identify the most suitable sectors and infrastructure requirements for each location, whether for chemicals, manufacturing, data centres or other industries. He added that investors would be able to access detailed information on industrial parks through digital platforms, including land availability, connectivity and surrounding infrastructure, enabling them to make informed investment decisions. The scheme will seek to ensure that industrial parks are designed according to the specific needs of different sectors and investors, making them more attractive destinations for domestic and global investments.

The Minister said that over the past decade, the Government has focused on creating an enabling environment for economic development and social welfare through investments in roads, highways, railways, metros, airports, ports, power infrastructure, water availability and digital connectivity. He highlighted reforms such as GST, the Insolvency and Bankruptcy Code, labour reforms, expansion of 5G connectivity, promotion of startups, support for investments, and free trade agreements with complementary economies to promote trade, investment and technology transfer.

Shri Goyal said that India is increasingly being viewed as a trusted partner and an attractive investment destination because of its scale, growing demand, young talent and youthful energy. He added that the Government remains committed to creating opportunities for businesses, industry, farmers, fishermen, startups and women entrepreneurs.

Announcing the BHAVYA Scheme, the Minister said that it aims to develop 100 industrial parks across the country to promote large-scale job creation through greater investments. He said the parks will be developed in different sizes, ranging from 25 acres in hilly regions, smaller Union Territories and Northeastern States, to between 100 and 500 acres in mid-sized States and regions, and up to 1,000 acres in locations closer to cities and towns, depending on need assessment and the commitment of States.

He informed that land for the parks will be provided by the State Governments, while the Government of India will support infrastructure creation through the National Industrial Corridor Development Corporation (NICDC), which will partner with States under a 51:49 model. He said the objective is to create plug-and-play industrial parks focused on industries best suited to specific locations.

The Minister said that the parks will provide infrastructure including assured water and power supply, road and rail connectivity, land titles, digital single-window clearances and, where feasible, air connectivity. He added that the Government will also explore earmarking areas for startups, deep-tech enterprises, technology-oriented businesses, research and development activities, and innovation-led enterprises.

Shri Goyal said that efforts will be made to establish modern testing facilities in partnership with institutions such as BIS, Export Inspection Agency and FSSAI so that investors have access to advanced testing infrastructure within the parks.

He stated that the scheme is intended to help investors commence operations more quickly by reducing the time spent on land acquisition and approvals. He added that environmental clearances and industry-specific requirements would be planned in consultation with relevant authorities and based on the suitability of each location.

The Minister said that the Government is also open to developing dedicated areas for Global Capability Centres (GCCs), worker housing and social infrastructure within the parks. He further said that the possibility of creating dedicated international enclaves in partnership with countries such as Japan, Singapore, the Republic of Korea and Switzerland could be explored to facilitate investment and provide a familiar environment for expatriate professionals working in India.

Referring to his own experience as an entrepreneur, Shri Goyal said that businesses earlier faced significant challenges in obtaining industrial land and approvals. He said the BHAVYA Scheme seeks to address these challenges through transparent systems, digital platforms and better availability of information for investors. He also emphasized the importance of mapping industrial parks through digital and satellite-based platforms so that investors can access information on land availability, connectivity and infrastructure remotely.

The Minister expressed confidence that the ₹34,000 crore earmarked by the Central Government for the development of 100 industrial parks would catalyse substantial investments, generate direct and indirect employment, strengthen Centre-State partnership and support industrial growth across the country.

Shri Piyush Goyal said that the launch of the BHAVYA Scheme comes at a time when the Government is marking 12 years under the leadership of Prime Minister Shri Narendra Modi. He said that the period has been marked by structural reforms, infrastructure development, digital connectivity, ease of doing business initiatives, and efforts to make India one of the top three economies in the world by 2047.

He informed that applications received between 1 June and 31 July would be considered for the first phase of 20 parks, while a further 30 parks would be taken up based on applications received up to 30th September. Subsequent phases would be implemented based on the experience and learnings from the initial rounds.

Shri Goyal said that the BHAVYA Scheme is intended to promote investments across India and support the vision of Viksit Bharat 2047. He expressed confidence that the initiative would contribute to a new phase of industrial development and business growth in the country.

Approved by the Union Cabinet with an outlay of ₹33,660 crore, BHAVYA is the Government's flagship programme for the development of 100 investment-ready, world-class industrial parks over a period of six years. The Scheme aims to create integrated industrial ecosystems featuring multimodal connectivity, reliable utility infrastructure, digital governance systems, worker-support facilities, and sustainable development features.

The National Industrial Corridor Development Corporation (NICDC), designated as the Project Management Agency for the Scheme, is responsible for its implementation and monitoring. Drawing upon its extensive experience in developing industrial corridors and integrated industrial infrastructure across the country, NICDC has developed the BHAVYA Portal as a comprehensive digital platform to support the entire project lifecycle under the Scheme.

The operational guidelines for BHAVYA were released by the Department for Promotion of Industry and Internal Trade (DPIIT) in May 2026, and the launch of the portal marks the next critical step in translating policy into implementation.

The portal will serve as the single digital interface for end-to-end implementation of the Scheme, facilitating the submission of Detailed Project Report (DPR) proposals, project appraisal and evaluation, and real-time monitoring of implementation progress. It will support the challenge-based competitive selection framework under BHAVYA by providing a structured and transparent mechanism for assessing proposals from States, Union Territories, and implementing agencies, while enabling efficient coordination among stakeholders throughout the project lifecycle.

The launch event was chaired by Shri Piyush Goyal, and attended by Secretary, DPIIT, Shri Amardeep Singh Bhatia, and CEO & MD, NICDC, Shri Rajat Kumar Saini, along with representatives from State and Union Territory Governments, industry associations, Export Promotion Councils, banks and financial institutions, master developers, and MSMEs.

Secretary, DPIIT, Shri Amardeep Singh Bhatia, emphasised that robust digital systems are essential for effective programme management and informed decision-making at scale. He noted that the portal, by serving as a single digital interface across all stages of project submission, evaluation, monitoring, and reporting, would significantly strengthen implementation of the Scheme and enable faster operationalisation of industrial parks across the country.

CEO & MD, NICDC, Shri Rajat Kumar Saini, highlighted that the platform had been designed to support the complete lifecycle of projects under BHAVYA. He stated that it would facilitate efficient coordination among stakeholders, provide real-time visibility into project progress, and strengthen transparency and accountability in implementation.

The launch was followed by an interaction between Shri Piyush Goyal and industry stakeholders, providing an opportunity to discuss India's next phase of industrial infrastructure development, investment facilitation, ease of doing business, logistics efficiency, and the role of integrated industrial parks in deepening domestic manufacturing capabilities and strengthening India's integration with global value chains.

The launch of the BHAVYA Portal follows closely on the Cabinet approval of the Scheme, the release of its operational guidelines, and structured consultations with States and Union Territories, reflecting the pace and commitment with which the Government is advancing one of India's most ambitious industrial infrastructure programmes.

The Scheme is expected to attract substantial domestic and foreign investment, generate large-scale industrial employment, and contribute significantly to India's emergence as a globally competitive manufacturing destination.

Topics

Acts Income Tax