DGFT revises Standard Input Output Norms (SION) A-222 for Erythromycin Stearate Tablet exports, updating input quantity requirements. Effective immediately.
1,386 GST evasion cases involving ₹6,454 crore and 72 arrests recorded in Punjab (2017-2024). Learn about government actions to curb GST evasion.
Government reports GST collections over five years but does not track contributions by income groups. Lower GST rates apply to essential goods for weaker sections.
Corporate tax collections rose to 3.1% of GDP in FY 2023-24. Learn about tax rate reductions since 2019 and revenue foregone of ₹1.09 lakh crore in FY 2022-23.
The GST Council is reviewing the 18% GST on health insurance. A Group of Ministers is assessing possible tax reductions but has not finalized recommendations.
Details on tax incentives for corporates, revenue loss since 2020, monitoring mechanisms, emerging sector benefits, and job creation impact.
The government confirms GST exemption for borewell drilling in agriculture under Notification 12/2017-CT(R). No new guidelines have been issued.
Out of 3.94 crore valid ITRs for AY 2024-25, refunds were processed for 3.68 crore. Reasons for delays include invalid bank details and pending verifications.
MCA21 portal saw 80.26 lakh form filings between April 2024 and January 2025, showcasing improved security, user experience, and stakeholder engagement.
Infracx Developers Pvt Ltd penalized for delayed INC-20A filing under Section 10A of the Companies Act, 2013. Total penalty: ₹43,000.
