Bombay Chartered Accountants Society (BCAS) urges the government to implement next-generational GST reforms, focusing on structural changes, rate rationalization, and simplification of compliance for taxpayers.
The International Financial Services Centres Authority (IFSCA) is implementing measures to enable trade finance and support India’s export growth through its IFSC.
The IFSCA is seeking public comments on proposed amendments to its Performance Review Committee Regulations, 2022. The changes focus on the committee’s constitution, member eligibility, and a new code of conduct.
The Ministry of Finance has revised the tariff values for imported goods including palm oil, gold, silver, and areca nuts, effective August 30, 2025. This notification updates existing customs valuation tables.
The Ministry of Finance has released draft rules to amend the Indian Insurance Companies (Foreign Investment) Rules, 2015, proposing key changes to foreign investment limits and regulatory procedures.
Learn about the recent system enhancement to the GST portal for claiming order-based refunds. Taxpayers can now claim refunds for negative balances in minor heads, even if the overall demand ID is zero or positive.
CBDT has granted IIT Madras Research Park approval for scientific research under Section 35(1)(iia) of Income Tax Act for a five-year period.
The Promotion and Regulation of Online Gaming Bill, 2025, bans money games to protect users from financial harm while promoting e-sports and social games.
The Ministry of Finance details how AI tools are enhancing tax compliance. The use of AI for e-verification and targeted campaigns has resulted in a significant increase in tax revenue.
The Ministry of Finance outlines key initiatives to assist first-time and low-income taxpayers with ITR filing. Learn about the E-Return Intermediary scheme, taxpayer hubs, and simplified procedures.
