CCI dismisses allegations of bid rigging in GMDA and FMDA tenders against HP India and others, citing lack of evidence under Section 3 of the Competition Act.
The Customs Authority for Advance Rulings, Mumbai, classifies Fatty Alcohol Ethoxylates under CTI 3402 4200, addressing tariff and exemption queries.
The Government acknowledges MCA-21 glitches, highlights improvements, ensures data security, and implements new features for better corporate filing processes.
The GST Council has deferred decisions on insurance premium taxation, granting more time to the GoM to finalize its recommendations on the issue.
Tirumala Tirupati Devasthanam gets GST exemptions on religious services, but GST of ₹36.28 crore was paid in 2024-25. Details of exemptions and payments inside.
NBEMS stopped collecting GST on course fees per court order. Refund processing has begun, but no enquiry has been instituted. Details of GST collection inside.
The Indian government has reduced reporting forms for companies on unclaimed dividends and integrated fund transfers with Bharatkosh for a smoother investor claim process.
The Indian government has not assessed the IBC’s impact on tax revenue loss and has no plans to amend tax priorities under insolvency proceedings.
New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier regulations. Details inside.
Tobacco tax revenue contributed 1.27%-2.75% of Gross Tax Revenue from 2016-2024. Funds are allocated across government programs, including healthcare.
