The CAG’s 2024 report on direct taxes highlights tax issues, recovery, and errors in corporate and income tax assessments, with corrective actions and recommendations.
CAG Report on EPCG Scheme reveals lapses in monitoring, IT system flaws, and policy inefficiencies, with revenue implications of ₹479.81 crore and key recommendations.
GSTN announces changes to E-Way Bill and E-Invoice Systems from January 2025, including MFA requirements and EWB generation restrictions.
DGFT notifies new SION A-3683 for Propionic Anhydride under Chemical & Allied Products.
No plans to waive or reduce GST on Khadi products, but some Khadi fabrics and yarn are exempt from GST.
DGGI investigates 642 offshore entities in online gaming; no reciprocal info-sharing with foreign governments yet.
GST Council forms GoM to review GST rates on health insurance; potential impact on revenue and consumer relief under evaluation.
GST on health insurance for senior citizens under review; GST Council forms GoM to examine rate rationalization and exemption proposals.
Government decriminalizes minor direct tax offences, simplifies compliance, and improves litigation management. Key changes include amended Section 276A and 276B.
PAN 2.0 focuses on process upgrades for taxpayers with no mandatory new PAN card. Existing cards remain valid. Estimated cost: ₹1435 crore.
