The Ministry of Finance issues FAQs clarifying new GST rates on medicines, drones, bricks, and insurance. Learn about changes to hotel services, job work, and e-commerce.
India Post introduces new accounting procedures for POSB transactions, shifting from an account-based to a transaction-based system, centralizing processes at a new facility.
The Chartered Accountants Association requests tax deadline extensions for TAR, ITR, and 12A renewals, citing severe floods in northern states and persistent technical issues with the Income Tax portal.
The Ministry of Civil Aviation announces a uniform 5% GST rate on all drones, down from as high as 28%. This reform aims to boost the drone ecosystem, lower costs for businesses, and encourage technological growth in India.
The Ministry of Agriculture and Farmers Welfare introduces significant GST rate reductions on agricultural machinery, bio-pesticides, and dairy products to reduce farming costs and increase farmer income.
The Chennai Customs Office announces that all refund applications, including those based on court orders, must now be submitted electronically through the ICEGATE portal. This is a step towards digitizing customs processes by mid-2026.
Department of Consumer Affairs is seeking public comments on a draft amendment to Legal Metrology rules, proposing a fixed validity period for model approval certificates for weights and measures.
Piyush Goyal discusses new GST reforms at the Bharat Nutraverse Expo 2025, stating that rate cuts will boost consumer demand. He urges businesses to pass on savings to consumers and prioritize Indian-made products for national growth.
The Punjab Accountants Association requests an extension for income tax and GST return filing deadlines due to widespread floods and infrastructure damage in several states.
The Rajasthan Tax Consultant’s Association has requested an extension for the tax audit report and ITR filing deadline to November 15, 2025.
