The Government clarified how regulatory powers and red-flag indicators are used to tackle shell and dormant companies misused for capital rotation.
Parliament was informed that no antitrust or merger cases originated from Jammu and Kashmir during the year. The key takeaway is that enforcement activity in the region remained nil in 2025.
GST revenues climbed to over ₹20.5 lakh crore in 2024–25, though growth has moderated. The key takeaway is sustained expansion alongside a shift toward simpler rate structures.
The Government stated that representations on own merit promotions are examined regularly as per existing rules, with no separate confirmation of backlog figures.
The Government informed Parliament that GST thresholds remain as revised in 2019. Any further increase depends on a fresh recommendation from the GST Council, which has not been made.
The Government clarified that service charges are set under board-approved policies and RBI oversight, requiring transparency and reasonableness. No new caps are proposed, with reliance on supervision and prescribed free limits.
The Government clarified that printed books, including educational and medical books, are fully exempt from GST, eliminating concerns of added financial burden.
The Government informed Parliament that no proposal is under consideration to compensate States for revenue impacts from recent GST changes. Fiscal discipline continues to be governed through existing borrowing limits and FRBM frameworks.
The Government confirms a higher rebate under the new tax regime, ensuring no tax up to ₹12 lakh and outlining revised slabs effective from AY 2026–27.
The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, as existing law already allowed similar access.
