An official response from India Ministry of Finance on the GST burden on consumers. The government doesn track tax data by income group but exempts or lowers rates on essential goods.
Govt amends Notification 77/2023, increasing duty drawback rates for gold and silver jewellery under specified tariff items from October 2025.
The Ministry of Finance has exempted specific income of the Karnataka Building and Other Construction Worker Welfare Board from income tax for the years 2026-2031 subject to certain conditions.
SEBI advises Indian investors against fraudulent schemes on social media and apps that claim to offer stock market access through Foreign Portfolio Investors (FPIs).
The Delhi High Court ruled that Xilinx India Technology Services Pvt. Ltd. is entitled to interest on its delayed GST refund under Section 56 of the CGST Act affirming that interest is automatically payable without a separate claim if the refund is not processed within 60 days.
The Ministry of Finance extends the anti-dumping duty on Fluoroelastomers (FKM) from China until February 26, 2026, following a review initiated in June 2025
The CBDT has amended its instruction on the Black Money Act raising the exemption for prosecution to ₹20 lakh for certain foreign assets effective from October 1, 2024.
CBDT notifies new perquisite rules under Section 17(2); salary limit ₹4 lakh and gross total income limit ₹8 lakh for claiming exemptions.
SEBI releases a consultation paper proposing to allow resident Indians through retail schemes and mutual funds, to participate more easily in Foreign Portfolio Investors (FPIs).
The RBI has proposed new draft regulations to rationalize guarantees under FEMA 1999 expanding the automatic route and introducing new reporting requirements.
