National Daily Current Affairs: 01/07/2026

National Schemes & Policies in News 🏛️

In a significant move for the taxation landscape, the Government of India has extended the deadline for filing appeals before the GST Appellate Tribunal (GSTAT) until July 31, 2026. This extension aims to provide relief to taxpayers who have been waiting for the functional operationalization of the tribunal benches across the country. The GSTAT is the specialized body meant to resolve disputes related to the Goods and Services Tax (GST), ensuring that judicial resources are efficiently utilized and litigation costs for businesses are reduced.

Exam-Oriented Current Affairs & Key Facts 📝

• International Relations: Prime Minister Narendra Modi held a telephonic conversation with the President of Iran. The discussions primarily focused on bilateral cooperation, including the development of the Chabahar Port and the International North-South Transport Corridor (INSTC).
• Economy & Finance: The Ministry of Finance (Department of Revenue) issued the notification for the extension of the appeal filing date for the GSTAT. The previous deadline was adjusted to ensure taxpayers are not penalized for the delay in the administrative setup of the benches.
• Polity & Governance: The GST Council serves as the primary decision-making body for GST in India, headed by the Union Finance Minister and comprising Finance Ministers of all States/UTs.
• Bilateral Security: During the India-Iran talks, regional security concerns and the stability of the Middle East (West Asia) were highlighted as shared interests.

One-Liner Revision Notes ⚡

• The last date for filing appeals before the GSTAT has been extended to 31st July 2026.
• PM Modi and the President of Iran discussed the Chabahar Port project as a key pillar of connectivity.
• GST was implemented in India on July 1, 2017, via the 101st Constitutional Amendment Act.
• The GSTAT is designed as a second-stage appeal body after the departmental appellate authorities.
• India and Iran are key stakeholders in the International North-South Transport Corridor (INSTC).
• The extension for GST appeals applies specifically to orders issued by appellate or revisional authorities.
• Central Board of Indirect Taxes and Customs (CBIC) is the nodal body for implementing GST policies.

MCQs from Current Affairs ❓

Q1: What is the newly extended deadline for filing appeals before the GST Appellate Tribunal (GSTAT)?

• A) 31st December 2025
• B) 31st March 2026
• C) 31st July 2026
• D) 1st January 2027

Q2: Which constitutional article provides for the establishment of the GST Council?

• A) Article 246A
• B) Article 279A
• C) Article 280
• D) Article 324

Q3: The Chabahar Port, recently discussed by PM Modi and the Iranian President, is located in which province of Iran?

• A) Sistan and Baluchestan
• B) Hormozgan
• C) Khuzestan
• D) Bushehr

Q4: Who is the Chairperson of the GST Council?

• A) Prime Minister
• B) Governor of RBI
• C) Union Finance Minister
• D) Comptroller and Auditor General

Q5: The International North-South Transport Corridor (INSTC) aims to connect India with which city?

• A) London
• B) Saint Petersburg
• C) Tokyo
• D) Cape Town