GST DEPARTMENT SECURITY LAPSE
Government gives one-day extension for filing GSTR-3B return for March 2026 tax period
The GST Network has apologised for technical difficulties hindering GSTR-3B filings for the March 2026 tax period. Many chartered accountants reported portal issues, leading the government to consider a one-day extension for the April 20th deadline to April 21st. Taxpayers faced payment reflection delays and potential late fees and interest due to these persistent glitches.
NSE edges closer to IPO nod after Sebi panel clears Rs 1,800 crore settlement proposal
The four-member expert committee on settlement orders is chaired by Jai Narayan Patel, former chief justice of the Calcutta High Court. The other members are N Venkatram, country chair of Canadian pension fund CDPQ; SK Mohanty, former Sebi member; and Sarit Jafa, former deputy comptroller and auditor general.
Sebi-appointed panel recommends NSE pay $193 million to settle cases, sources say
As India's largest bourse, the NSE is also the country's largest unlisted company, with 190,000 investors.
Widowed or divorced? Social Security Administration update may boost your monthly checks
Social Security benefits are rising in 2025 for widows and divorced spouses after new rule changes. Many people linked to government jobs may now get higher monthly payments. Old rules that reduced benefits have been removed. This means more money for millions of Americans. The exact increase depends on age, pension, and benefit type, so payments will be different for each person.
Apple CEO Tim Cook steps down; HCLTech Q4 report
After 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
India bats for greater Global South representation in UNSC
India is advocating for increased representation of Global South nations within the permanent seats of the UN Security Council. Recent discussions also tackled the need for a more equitable international financial framework. India's envoy engaged with UN leaders to deliberate on peacekeeping initiatives and the importance of multilateral approaches.
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Foreign betting sites pull a prank on taxman
Offshore gaming firms found a way to use the site name cgst.ahmedabadzone.gov.in to create additional, fake pages, complete with sub-links that take the browser to the actual gaming platforms, in claiming legitimacy of these online casinos.
IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'
Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment. This could cut the goods and services tax on tickets significantly. The current 40% tax is seen as too high for sporting events. Teams believe this change will benefit the sports ecosystem and its growth.
SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularities
The Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank over the last decade have been summoned. This probe follows questioning of former bank officials. The irregularities are estimated to have caused losses of around ₹2,000 crore. The investigation aims to uncover corporate governance issues and accounting discrepancies.
Assam chief secretary holds review after Guwahati cloudburst-like rainfall
Guwahati faced severe waterlogging after heavy rainfall. Chief Secretary Ravi Kota reviewed the situation. Authorities are directed to issue timely weather alerts and traffic advisories. National Highways Authority and Guwahati Municipal Corporation are tasked with clearing drains and pumps. A magisterial inquiry is ordered for a life loss incident. Agencies are on high alert for continued rain.
DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraud
DGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summons and fled to Dubai, operated a network of dummy firms to fraudulently claim Input Tax Credit. He also siphoned Rs 11 crore from Yes Bank and faces charges in other economic criminal cases.
Extend GSTR-3B return filing deadline: Demand by advocates and CAs as the portal is not working properly
Chartered accountants and tax professionals are demanding an extension for the GSTR-3B filing deadline, citing persistent issues with the GST portal. Many reported being unable to log in, save returns, or make payments, leading to significant frustration on the last day to file for March 2026. Urgent resolution is requested.
US, Israel attacks on Iran 'failed', no gains possible in talks: Iran's envoy to Russia
Iran's Ambassador to Russia claimed the US and Israel failed in their military objectives against Tehran. He warned that Washington won't succeed through negotiations either. This comes as a two-week ceasefire nears its end, with upcoming Islamabad talks seen as the final chance to avoid full-scale infrastructure warfare.
Finance ministry may review MOOWR benefits for battery storage imports
The Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised concerns about the MOOWR scheme creating an uneven playing field. Consultations with power and renewable energy ministries are planned. The government is examining potential misuse and policy gaps. A decision will align with India's energy security goals.
US security agency is using Anthropic's Mythos despite blacklist: Axios
The US National Security Agency is reportedly using Anthropic's advanced AI tool, Mythos Preview. This comes even after the Pentagon flagged the company for supply-chain risks. The AI model is said to be highly capable in coding and autonomous tasks. Experts suggest its abilities could significantly enhance cyberattack capabilities. Discussions between the US administration and Anthropic have also taken place.
Resignations and firings have depleted the FBI and Justice Department. They're scrambling to rebuild
The FBI and Justice Department are facing significant staff shortages. To address this, they are lowering hiring requirements and speeding up recruitment. This includes using social media and offering shorter training for new agents. Prosecutors are also being hired directly from law school. These changes aim to stabilize the workforce after a wave of retirements and resignations.
Death toll in Vedanta power plant blast rises to 24
Another worker from Jharkhand injured in the boiler explosion at the Vedanta power plant in Singhitarai village of Sakti district, Chhattisgarh, passed away on Sunday at Raigarh Medical College.
Bihar deputy CMs to get Z category security cover
Bihar's Deputy Chief Ministers Vijay Kumar Choudhary and Bijendra Prasad Yadav have been upgraded to Z category security. This decision follows a review of their security arrangements by the state's home department. The Z category includes a dedicated team of trained personnel with advanced weaponry.
West Bengal elections: Income Tax Dept raids premises linked to TMC Candidate, Banerjee's proposer
West Bengal Assembly Elections: Income-Tax Department officials raided the residence of Miraj Shah, who proposed Mamata Banerjee's name for nominations. Raids also targeted Trinamool Congress MLA Debasish Kumar, his relative's house, and party offices. These actions are linked to an alleged illegal land grabbing case. Simultaneously, the Enforcement Directorate is conducting searches related to the Merlin Group.
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled it
An Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal, Chennai, has now cancelled this penalty. The tribunal ruled that the omission was accidental and bona fide, especially as it was the first year of the reporting requirement.
US expands visa restriction policy targeting individuals linked to adversarial activity in Western Hemisphere
America has tightened its visa rules. Foreign nationals working for rival nations in the Western Hemisphere will now be blocked from entering the US. This move aims to protect national security and regional stability. Immediate family members of these individuals are also affected. The State Department has already placed restrictions on 26 people under this new policy.
Trump draws Marie Antoinette comparisons as he leans into the gilded trappings of the presidency
President Donald Trump's attention to grand White House projects like a new ballroom draws criticism. Opponents say this shows he is out of touch with Americans struggling with rising costs. While Trump highlights economic policies, his focus on personal wealth and lavish renovations sparks debate. This contrast could impact upcoming elections as voters consider his priorities.
US SEC seeks comment on contentious trading database
The U.S. Securities and Exchange Commission said on Thursday it is seeking public comment on whether it should comprehensively review the so-called Consolidated Audit Trail (CAT), potentially re-opening a decade-long dispute over the trading database.
BHU tragedy: Radhika Devi, 71-year-old, goes for spine tumour; doctors perform hip-replacement meant for Radhika Singh; woman dies
In a case of gross medical negligence at BHU Trauma Centre in Varanasi, a 71-year-old woman Radhika Devi was wrongly operated upon for hip replacement instead of her spinal tumour due to patient mix-up. She was partially operated on March 7, underwent the correct surgery on March 18, and passed away on March 28.
India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedom
The United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a move that could tighten global supplies and pressure Indian refiners. US Treasury Secretary Scott Bessent confirmed the decision, saying the temporary licenses for Russian and Iranian crude would not be renewed.
Lenskart’s Peyush Bansal admits language lapse in grooming policy; denies restricting religious symbols
A screenshot of a Lenskart grooming policy that circulated online sparked the controversy. Bansal said the document does not reflect Lenskart’s present guidelines and clarified that employees are free to wear symbols such as bindis and tilak.
Assam Assembly Eelctions: Opposition flags 'serious lapses' in securing strongrooms post April 9 polls
Assam's Opposition Leader Debabrata Saikia has written to the Election Commission. He alleges serious breaches in strongroom security for election materials. Saikia claims violations of EC guidelines at the Sibsagar Govt HS & MP School. He provided photographic and video evidence of the alleged lapses.
Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behind
Despite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bottleneck, limiting MSME participation.
Iran war impact: Essential drugs may cost up to 5% more, for now
The immediate net consumer impact could be 3-5% higher prices, or roughly similar to what consumers paid before the late-September cuts in GST rates. The industry expects the price increase to be in place for 3-4 months, with a rollback option once input costs stabilise.
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