Blogs
GST Portal News and Updates
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01-06-2026 |
Gross and Net GST revenue collections for the month of May 2026
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The Gross and net revenue for the month of May-26 was declared. The same can be checked by clicking on – |
CBIC Customs Updates
CBIC Updates |
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Customs-Tariff |
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Notifications |
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Notification No. and Date of issue |
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21/2026-Customs(T) Dated 09-June-2026 |
Seeks to amend Notification No. 62/2022-Customs to exempt goods under Tariff Item 26020010 from Basic Customs Duty. Summary: |
CBIC GST Updates June-2026
CBIC Updates |
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GST |
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Notification-Central Tax |
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Notification No. and Date of issue |
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No Updates |
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GST |
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Notifications-Central Tax (Rate) |
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Notification No. and Date of issue |
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No Update ... |
Exchange Control Risk related to new Income Tax Disclosure Scheme
Published in TaxTMI https://www.taxtmi.com/article/detailed?id=15991
Budget 2026 introduced a new Foreign Assets Disclosure Scheme (‘Scheme’) providing an option to individual taxpayers to regularise previous non-disclosures of foreign assets and income arising therefrom. Suo-moto disclosure of undisclosed foreign income and foreign assets up to ?5 crore and cases involving reporting lapses is permitted, in situations where income has already been offered to tax but the corresponding...
Read moreForeign Assets Disclosure Scheme (FAST-DS 2026): Income Tax Relief vs FEMA Risks - What Every Individual Must Know Before Disclosure
Published in May’26 edition of The Bombay Chartered Accountant Journal
The Union Budget 2026 introduced a one-time Foreign Assets Disclosure Scheme (FAST-DS 2026) to provide a compliance window to individual taxpayers for regularising past non-disclosures of overseas income and assets. The scheme permits voluntary disclosure of undisclosed foreign income and foreign assets up to ?5 crore and cases involving mere reporting lapses, where income has already been offered to tax in India...
Read moreThinking Beyond News Letter - June-2026
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IN THIS ISSUE
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SECTION 01 Analytical Articles |
SECTION 02 Customs & FTP Updates |
SECTION 03 GST Updates |
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1 |
Insightful Article on GST, Customs and Foreign Trade Policy. |
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A Foreign Assets... |