Latest Updates & Alerts
Real-time notifications on GST, Income Tax, Corporate Law, SEBI & RBI regulations — curated by TaxSure experts.
Source: Live Compliance Feed (Updated regularly)
CBIC Drafts Rules to Operationalize Section 11A of the CGST Act for Retrospective Waiver
Draft rules are underway to implement Section 11A, empowering the government to waive past unpaid GST demands on recommendations of the GST Council if non-payment stemmed from a 'generally prevalent trade practice'.
GSTN Postpones Go-Live Date for Two Critical E-Way Bill Functionalities
The mandatory 'Ship To GSTIN' field for Bill-to-Ship-to operations and the new voluntary E-way Bill Closure feature have been delayed to August 1, 2026, to allow industry ERPs and APIs to update their master data configurations.
IBBI Modifies Model Bye-Laws for Insolvency Professional Agencies (IPAs)
The board enacted the 2026 Amendment Regulations revising internal governance benchmarks, conflict disclosures, and administrative reporting requirements for Governing Boards of IPAs.
GSTAT Principal Bench Empowered to Function as National Appellate Authority
The Ministry of Finance officially notified that the Principal Bench of the GST Appellate Tribunal (GSTAT) will take charge as the National Appellate Authority for Advance Rulings until a dedicated body is set up.
CBIC Rolls out Two-Tier Rate Alignments under Finance Act 2026
The simplified two-tier structure (5% and 18%) is now fully active, removing the legacy 12% and 28% brackets for specific items. Tariffs for non-alcoholic beverages under HSN 2202 are revised across Schedule I and III.
Due Date for Form GSTR-3B for March 2026 Extended via Notification 01/2026
The deadline for filing March 2026 GSTR-3B was extended by one day to April 21, 2026, to alleviate system latency issues faced by taxpayers trying to submit data simultaneously on the default portal due date.
GSTN Releases Excel-Based Offline Tool for Invoice Management System (IMS)
A brand new offline tool has been launched to expedite bulk processing within the Invoice Management System (IMS), allowing buyers to accept, reject, or keep vendor records pending without active web logins.
MCA Amends Companies (Registration Offices and Fees) Rules 2026
A direct notification restructured the underlying fee parameters for processing official uploads, streamlining technology costs associated with processing documents on the V3 corporate database portal.
GST Portal Deploys 'Re-Compute Interest' Button to Fix Table 5.1 Glitches
Following system discrepancies that miscalculated interest on GSTR-3B filings by ignoring Electronic Cash Ledger cash balances, the portal introduced a manual re-computation toggle to re-evaluate net outstanding dues.
MCA Launches 'Companies Compliance Facilitation Scheme 2026' (CCFS-2026)
Introduced via General Circular No. 01/2026, this amnesty window runs from April 15 to July 15, 2026. It allows defaulting firms to file overdue annual returns (Form 92/137) with a massive 90% waiver on additional fees.
Concessional Filing Rates Rolled out for Company Strikes-Off via Form STK-2
Under the CCFS-2026 guidelines, non-operational or defunct corporate entries seeking official strike-off can process Form STK-2 directly by clearing only 25% of the standard government filing fees.
Inactive Companies Allowed Migration to Dormant Status at 50% Processing Fee
Firms wishing to remain on the register while pausing compliance overheads can apply for official 'Dormant Company' status via e-Form MSC-1 by paying exactly half of the standard regulatory fee.
Conditional Protection against Section 454 Adjudication Penalties Clarified
Firms regularizing backlogs under CCFS-2026 are granted legal immunity from fines provided filings are done before an adjudication notice is sent or within 30 days of receiving a prompt notice.
MCA Clarifies Strict Exclusions from Amnesty Facilitation Benefits
Vanishing companies, amalgamated shell structures, and companies against which standard Section 248 active strike-off proceedings have already concluded are explicitly barred from using CCFS benefits.
Insolvency and Bankruptcy Code (Amendment) Act 2026 Enforced
The IBBI notified the legislative execution of the IBC Amendment Act 2026, introducing fast-track operational protocols for micro-enterprise restructuring and updating baseline corporate debt recovery timelines.
Notification of Comprehensive Income Tax Rules 2026
The Ministry of Finance notified the Income Tax Rules, 2026, implementing changes linked to the new overarching Income-tax Act. The update replaces old procedural paths to focus heavily on digital data tracking.
Stricter Domestic Controls Mandated for Dividend Distribution
The Income Tax Rules 2026 establish that domestic companies must maintain share registers, conduct general board meetings, and process actual dividend payouts exclusively within geographical India.
Mandatory 7-Year Audit Trail for Capital Market Transactions Enforced
Stock exchanges are now legally bound to maintain immutable transaction logs and transaction trails for seven years, prohibiting data deletion and enforcing monthly reporting of modified orders.
Expanded Estimative Assessment Powers Granted to Cross-Border Tax Officers
For non-resident income attribution cases lacking local paperwork, Indian tax officers are empowered to estimate domestic profits using fixed global profit ratios or tailored percentage metrics.
New Directives Set for Debenture Conversions and Cross-Border Mergers
Clear tracking parameters have been set for asset evaluations during cross-border restructurings, alongside updated procedural disclosures for hybrid debenture conversions into equity.
Regulatory Oversight Overhauled via Zero-Coupon Bond Approval Framework
Entities issuing zero-coupon bonds must now file application protocols three months in advance, back the issuance with credit ratings from at least two agencies, and submit strict asset-use timelines.
Revised Assessment Norms for Employer-Provided Accommodation Values
Valuations and exemptions for perquisites arising from employer-provided housing will be strictly evaluated based on demographic city population limits, lease-versus-ownership status, and baseline salaries.
PAN-Based Compliance Framework Restructured for NRI Property Acquisitions
The income tax portal rolled out a hard-locked compliance check forcing buyers of property from non-residents to declare capital gains classification before depositing TDS to ensure correct rate mapping.
Union Budget 2026 Stabilizes Slabs and Caps Top Surcharge to 25%
The central budget retained the progressive slabs for the New Tax Regime, cementing the zero-tax threshold for individual taxable incomes up to ₹12 Lakh while capping high-income surcharges to 25%.
Enhanced Automation for GSTR-9 and GSTR-9C Matchmaking Systems
The portal upgraded its back-end validation for annual filings, automatically mapping multi-variable discrepancies between GSTR-1, GSTR-3B, and financial ledgers with stricter visibility rules for auditors.
Automatic GST Registration Suspension Triggered for Missing Bank Account Details
Under tightened Rule 10A provisions, the GST portal now auto-suspends GSTIN profiles if validated bank account data is not uploaded and linked within the prescribed window following fresh incorporation.
Hard Time-Bar on Filing Older GST Returns Active from January 2026
Taxpayers are permanently barred from filing any historical returns (GSTR-1, GSTR-3B, GSTR-4, etc.) that are older than three years from their original due dates, restricting legacy modifications.
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