CBIC issued a new circular to restructure trade committees and grievance mechanisms, aiming to enhance efficiency and stakeholder engagement in customs.
GST Council reduces rates on marble, granite, utensils, handicrafts, and transport services to support housing, MSMEs, and mining sector logistics.
MoFPI and CII hold CEO meet; industry commits to pass GST rate cut benefits to consumers, support farmers, and boost food processing sector growth.
A customs instruction exempts aerospace-grade hydrogen peroxide for non-commercial R&D from the Hydrogen Peroxide Quality Control Order, 2022.
A new GST circular clarifies the tax treatment of post-sale discounts, specifying when Input Tax Credit (ITC) can be availed and when discounts are not considered a separate supply.
Overview of OECD BEPS 2.0, India’s Equalization Levy, and global efforts to address indirect taxation of digital trade in developing countries.
An appeal was denied for an RTI application seeking eligibility information for the Limited Insolvency Examination, as the data was already publicly available on the IBBI website.
The IFSC Authority issued a circular permitting bullion exchanges to use authorized persons, located in India and abroad, to expand market access for investors and traders.
Learn the key differences between tax avoidance and tax evasion in India, their legal consequences, and the laws enacted to curb these practices.
Income Tax Act 2025 replaces 1961 law, simplifying tax concepts, introducing a single Tax Year, and using modern, user-friendly formats for better clarity and compliance.
