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we are providing instant updates related to finance, including , GST, Income Tax, Roc, IBC and various case laws of Income Tax and GST. Managed by - @teamIFU For any Suggestion, queries, PROMOTIONS Ping on @teamIFU

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GST collections surge *14.8% to ₹1.99 lakh crore* in August, marking the *third consecutive month of double digit growth* . I
GST collections surge *14.8% to ₹1.99 lakh crore* in August, marking the *third consecutive month of double digit growth* . Import collections jumped 29%, while domestic revenue rose 9.3%. Net collections increased 8.3% to ₹1.68 lakh crore. *Assam led state growth with a staggering 97% jump, signalling strong consumption.*

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Union Minister for Finance & Corporate Affairs Smt. @nsitharaman addressed a high-level Business Roundtable with leading inve
Union Minister for Finance & Corporate Affairs Smt. @nsitharaman addressed a high-level Business Roundtable with leading investors and business leaders in Chicago yesterday, highlighting India’s broad-based growth, reform momentum and expanding opportunities for long-term investment.
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Looks like NCLT backtracked on its 25th Aug order in the N. Chandra case... (BS)
Looks like NCLT backtracked on its 25th Aug order in the N. Chandra case... (BS)
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Here's something we need to really work on. India's private sector manufacturing activity expanded at its slowest pace in 5 y
Here's something we need to really work on. India's private sector manufacturing activity expanded at its slowest pace in 5 years. (BS)
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There's no stopping this juggernaut! UPI transactions hit a record 24.5 billion, at a value of ₹29.82 trillion. (BS)
There's no stopping this juggernaut! UPI transactions hit a record 24.5 billion, at a value of ₹29.82 trillion. (BS)
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E&Y will invest $100 million in rewarding its employees for demonstrating "human" skills like adaptability, innovation and ju
E&Y will invest $100 million in rewarding its employees for demonstrating "human" skills like adaptability, innovation and judgement! (WSJ) Sure, after laying off people (to AI?) consistently since 2023, it's the right move, right?
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7
Amazon has been sued, again, by the US Federal Trade Commission - this time for manipulating advertisement rates. It has earl
Amazon has been sued, again, by the US Federal Trade Commission - this time for manipulating advertisement rates. It has earlier lost a $2.5 billion case for allegedly "tricking" users into signing up for its Prime services and not being able to unsubscribe easily. (WSJ)
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Ok, that's a significant milestone... Solar panels are now China's top source of power capacity, surpassing coal. (BS)
Ok, that's a significant milestone... Solar panels are now China's top source of power capacity, surpassing coal. (BS)
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Does the weather affect your mood? Well, the overall climate does affect the economy, for sure. This is how El Niño can impac
Does the weather affect your mood? Well, the overall climate does affect the economy, for sure. This is how El Niño can impact different regions of the world. (WSJ)
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Here's a slightly worrying statistic... India has 84,318 FEWER schools in 2025-26, than it had 7 years ago! (TOI)
Here's a slightly worrying statistic... India has 84,318 FEWER schools in 2025-26, than it had 7 years ago! (TOI)
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At the time of going to press, a record 75 million Income Tax Returns had been filed for the FY ending 31st March 2026. These
At the time of going to press, a record 75 million Income Tax Returns had been filed for the FY ending 31st March 2026. These were for those who are not subject to audit. (FE)
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The share of "premium" phones (above ₹30K) has risen over the last quarter, while that of "budget" phones (below ₹15K) have d
The share of "premium" phones (above ₹30K) has risen over the last quarter, while that of "budget" phones (below ₹15K) have decreased. What's fuelling this book... mostly credit! (FE)
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The Javelin anti-tank guided missile system, will be made in India by a Tata firm in collaboration with US firms, Raytheon an
The Javelin anti-tank guided missile system, will be made in India by a Tata firm in collaboration with US firms, Raytheon and Lockheed Martin. (FE)
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Well done folks! India's economy grew 7.8% in the AMJ 2026 Quarter. (FE)
Well done folks! India's economy grew 7.8% in the AMJ 2026 Quarter. (FE)
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Have a car with a Sunroof... be careful it could just "explode"!! There have been close to 500 such incidents reported in the
Have a car with a Sunroof... be careful it could just "explode"!! There have been close to 500 such incidents reported in the US. (WSJ) TBH, that's a very small percentage, but then again, no one wants to be that unfortunate statistic!
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While you're worried about the junk that's visible on the streets, there's a lot of junk that's floating in space too! There
While you're worried about the junk that's visible on the streets, there's a lot of junk that's floating in space too! There are already more than 34,000 satellites and pieces of debris zipping around at 17,500 miles per hour in low-Earth orbit. More than 10,000 of those belong to SpaceX! Another 41,000 will be added by 2034. (WSJ)
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*Background Material on GST – August 2026 Edition* The GST & Indirect Taxes Committee of ICAI has released the updated Two-Volume Edition of the Background Material on GST, incorporating developments up to 31 August 2026. Including GSTAT Rules 🏢 Published by: ICAI – GST & Indirect Taxes Committee 📅 Edition: August 2026 📚 Format: Two Volumes A useful reference material for GST Practitioners, Professionals, Industry and Students. Link - *Download the Official Publications:* * *Volume-I:* https://d348t3gez84jj8.cloudfront.net/download/pdf26/Volume%20I.pdf * *Volume-II:* https://d348t3gez84jj8.cloudfront.net/download/pdf26/Volume%20II.pdf
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Interesting data points on Keralam's Senior Citizen population. The percentage of seniors in the State is 80% higher than the
Interesting data points on Keralam's Senior Citizen population. The percentage of seniors in the State is 80% higher than the national average. (Mint)
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Is running an airport in India, profitable? See what the numbers say. (Mint)
Is running an airport in India, profitable? See what the numbers say. (Mint)
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India's Jamnagar in Gujarat and Thane, near Mumbai are two places exposed to a high "data centre driven" water stress. (FE)
India's Jamnagar in Gujarat and Thane, near Mumbai are two places exposed to a high "data centre driven" water stress. (FE)
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