The Minister of State in the Ministry of Finance responds to a question on GST for Khadi and Village Industries products, detailing current tax rates and a review by the GST Council.
The Ministry of Corporate Affairs confirms that CSR expenditure data for the last five years is publicly available on its CSR portal, with details on state and sector spending.
PAN 2.0 to simplify PAN/TAN processes with tech upgrades. Project to launch in 18 months post MSP onboarding. India has over 81 crore PAN holders.
The Finance Act, 2025, introduces new tax slabs and a higher rebate threshold for salaried individuals. This summary explains how these changes aim to provide financial relief and potentially boost consumption.
The Ministry of Corporate Affairs details measures to ensure transparency and prevent fund diversion in Related-Party Transactions under the Companies Act, 2013.
This summary details annual GST collections in India, detected tax evasion cases, and the government’s measures to improve compliance, including e-invoicing and data analytics.
ITAT Bangalore held that benefit of exemptions under section 11 and 12 of the Income Tax Act cannot be granted without valid registration u/s. 12A/12AA. Accordingly, exemptions u/s. 11 and 12 denied in absence of valid registration under Income Tax Act.
Corporate tax rate cuts led to higher direct tax collections and rise in manufacturing units. Govt offers incentives to attract global firms and startups.
The Ministry of Finance responded to a question in Lok Sabha about reducing GST on handloom, handicrafts, and packaged rice, stating decisions are based on GST Council recommendations.
GST officers in Mumbai have arrested two directors of a company for fraudulently availing Input Tax Credit of over Rs 9 crore through shell firms.
