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📢 **Oil India Receives Relief in Assam Land Tax Matter; GST on Royalty Issue Continues**In a significant development, th...
08/08/2026

📢 **Oil India Receives Relief in Assam Land Tax Matter; GST on Royalty Issue Continues**

In a significant development, the Supreme Court has disposed of the long-pending **Assam land tax dispute** after the State indicated that it would withdraw the production-based land tax through legislation.

However, the separate dispute regarding the **applicability of GST on royalty** under the **Oil Fields (Regulation & Development) Act, 1948** remains pending before the Supreme Court.

**Why this matters:**

✅ The land tax issue has moved towards resolution.

✅ The GST-on-royalty matter is still awaiting a final judicial decision.

✅ The outcome could have wider implications for the **oil & gas, mining and natural resource sectors**, where royalty payments are common.

**Note:** The GST-on-royalty issue has **not yet been finally decided**, and businesses should continue to follow the applicable legal requirements until the Supreme Court delivers its judgment.

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📢 **Industry Requests 5% GST on Battery Energy Storage Systems (BESS)**According to recent reports, renewable energy ind...
07/08/2026

📢 **Industry Requests 5% GST on Battery Energy Storage Systems (BESS)**

According to recent reports, renewable energy industry bodies have requested the Government to reduce the GST rate on **standalone Battery Energy Storage Systems (BESS)** from **18% to 5%**.

The proposal aims to:

🔋 Lower battery storage project costs.

🌱 Improve renewable energy integration.

⚡ Strengthen grid stability.

🏭 Encourage domestic battery manufacturing under the **Make in India** initiative.

At present, standalone BESS generally continues to attract **18% GST**. The proposed **5% GST rate has not been approved** and will become effective only if the GST Council recommends it and the Government issues an official notification.

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📢 **Government Introduces Taxation Laws (Amendment) Bill, 2026**The Government has introduced the **Taxation Laws (Amend...
07/08/2026

📢 **Government Introduces Taxation Laws (Amendment) Bill, 2026**

The Government has introduced the **Taxation Laws (Amendment) Bill, 2026**, proposing a number of targeted tax measures to strengthen India's investment environment.

**Key proposals include:**

🏢 Simplified eligibility for certain data centre and cloud service tax benefits.

🏭 Extension of proposed tax incentives for eligible foreign companies supplying capital goods and equipment to Indian electronics manufacturers until **FY 2040-41**.

💹 Simplification of qualifying conditions for eligible offshore investment funds while retaining anti-abuse safeguards.

The objective is to improve policy certainty, attract foreign investment and support sectors such as digital infrastructure, electronics manufacturing and fund management.

⚠️ **Please note:** These are **proposed amendments**. The provisions will take effect only after the Bill is passed by Parliament, receives Presidential assent and the relevant provisions are brought into force.

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📢 **Sikkim Income Tax Exemption: A Common Misconception**Many people assume that **all residents of Sikkim are exempt fr...
06/08/2026

📢 **Sikkim Income Tax Exemption: A Common Misconception**

Many people assume that **all residents of Sikkim are exempt from Income Tax**, but the legal position is different.

The exemption is generally available only to **eligible Sikkimese individuals** under **Article 371F of the Constitution** and **Section 10(26AAA) of the Income-tax Act**.

It typically applies to:

✅ Recognised Sikkim Subjects.

✅ Holders of a valid Sikkim Subject Certificate.

✅ Eligible direct descendants, subject to the statutory conditions.

📌 Simply residing in Sikkim does **not** automatically qualify a person for this exemption. Eligibility depends on the legal requirements laid down in the law.

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📢 **When Will You Receive Your Income Tax Refund?**According to recent reports, **Income Tax Refund processing generally...
06/08/2026

📢 **When Will You Receive Your Income Tax Refund?**

According to recent reports, **Income Tax Refund processing generally begins only after your ITR has been successfully e-verified**.

**What taxpayers should know:**

✅ E-verification is essential before refund processing starts.

⏳ Error-free returns are generally credited in **about 4–5 weeks**.

📅 In many cases, taxpayers who file and e-verify successfully may receive refunds within **2–6 weeks**, depending on verification and whether any mismatches or additional checks arise.

To avoid delays:

✔️ Complete e-verification promptly.

✔️ Ensure your bank account is pre-validated.

✔️ Reconcile AIS, Form 26AS and your ITR before filing.

📲 **Need Help with ITR Filing or Refund?**

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📢 **Income Tax Department Launches AI-Powered 'Kar Saathi'**The Income Tax Department has unveiled **Kar Saathi**, a new...
06/08/2026

📢 **Income Tax Department Launches AI-Powered 'Kar Saathi'**

The Income Tax Department has unveiled **Kar Saathi**, a new AI-powered assistant on its redesigned website to make direct tax information easier to access and improve taxpayer support.

**Highlights:**

🤖 AI-powered assistance for tax-related queries.

🕒 24×7 taxpayer support.

🌐 Simpler website navigation.

📚 One-stop access to direct tax information, forms, FAQs and guidance.

🌍 Available in both **Hindi and English**.

The initiative aims to simplify the taxpayer journey and help users find relevant information more quickly while using the Income Tax Department's online services.

📲 **Need Help with ITR Filing or Income Tax Compliance?**

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📢 **Industry Body Seeks 0% GST on Disability Support Services**According to recent reports, the **India Autism Centre** ...
05/08/2026

📢 **Industry Body Seeks 0% GST on Disability Support Services**

According to recent reports, the **India Autism Centre** has proposed a **0% GST rate** on disability support services, including therapy, rehabilitation, special education, vocational training and community-based care.

The proposal argues that expanding GST relief could make these essential services more affordable for families and improve access to long-term support.

The report also notes that some disability-related services may already qualify for GST exemption under specific healthcare, education or charitable provisions, but not all disability support services automatically receive that benefit.

**Important:** This is **only a proposal**. No notification has been issued changing the current GST rates or exemption framework.

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📢 **India Records Highest-Ever Monthly Passenger Vehicle Sales**India's passenger vehicle market achieved a **record mon...
04/08/2026

📢 **India Records Highest-Ever Monthly Passenger Vehicle Sales**

India's passenger vehicle market achieved a **record monthly high in July**, with estimated dispatches of **around 4.69 lakh units**, representing **approximately 34% year-on-year growth**.

🚗 **Highlights**

✅ Estimated PV Sales: **4.69 Lakh Units**

✅ Previous Record: **4.60 Lakh Units**

✅ **Maruti Suzuki** recorded domestic passenger vehicle sales of **1,96,203 units**, while total sales reached **2,41,421 units**.

The report also indicates strong performance from **Tata Motors, Mahindra & Mahindra, and Hyundai**, reflecting broad-based growth across the industry.

Industry reports attribute the momentum to improved affordability following GST rate rationalisation along with sustained consumer demand.

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📢 **ITR Deadline Update**Recent media reports indicate that **no official extension of the Income Tax Return filing due ...
04/08/2026

📢 **ITR Deadline Update**

Recent media reports indicate that **no official extension of the Income Tax Return filing due date had been notified by the CBDT** at the time of reporting.

Taxpayers should therefore continue to follow the applicable due dates:

🗓️ **ITR-1 & ITR-2:** 31 July 2026

🗓️ **ITR-3 & ITR-4 (Non-Audit):** 31 August 2026

Please remember that only an **official CBDT notification** can change the due date. Do not rely on unverified social media messages or rumours.

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📢 **Hospitality Industry Calls for Further GST Rationalisation**According to recent reports, industry representatives ha...
03/08/2026

📢 **Hospitality Industry Calls for Further GST Rationalisation**

According to recent reports, industry representatives have suggested that further **GST rationalisation on domestic hotels and restaurants** could make travel more affordable and encourage tourism across India.

The reports also highlight:

✅ Continued growth in domestic tourism.

✅ Better infrastructure and connectivity supporting travel demand.

✅ Reduced **Tax Collected at Source (TCS)** on overseas tour packages being viewed as a positive policy move.

✅ Higher airfares leading travellers to plan and book earlier.

It's important to note that these are **industry recommendations**, not notified GST changes. Any change in GST rates would require approval through the appropriate government process.

📲 **GST Advisory | Business Consultancy | Tax Updates**

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