The Sales Tax Bar Association formally requested an extension for the Tax Audit Report filing deadline, citing timeline clashes, technical glitches, and late utility releases.
CESTAT Hyderabad ruled that a company can transfer and utilize CENVAT credit between its Central Excise and service tax accounts, citing judicial precedent from the Gujarat High Court.
Advocates’ Tax Bar Association requests an extension of ITR and tax audit deadlines for AY 2025-26, citing e-filing portal glitches and compliance overlap.
India’s government revised GST rates for automobiles, tractors, and commercial vehicles. The changes aim to stimulate demand, lower costs, and boost related industries.
Discover how India’s GST rationalization reforms are lowering taxes on medicines, health insurance, and fitness services to make healthcare more affordable and accessible.
GST on fishing nets, seafood products, and aquaculture inputs has been reduced to 5%, lowering costs for farmers and boosting India’s fisheries sector.
The 56th GST Council approved tax reforms for India’s dairy sector, reducing rates on milk products to nil or 5%. This aims to lower costs and benefit millions of farmers and consumers.
The GST Council has unanimously approved the Union Government’s proposals for GST rate cuts and reforms, aiming to benefit various sectors and improve the ease of doing business.
The GST Council reduces rates on textiles, including readymade garments, fibers, and yarns, to 5% to lower production costs and boost domestic and export markets.
Union Minister Shri Shivraj Singh Chouhan highlights how new GST rate cuts on farm equipment, dairy, and organic products will lower costs and increase profits for Indian farmers.
