India’s government has reduced the customs duty on crude edible oils to 10% to lower consumer prices and support the domestic refining industry.
The government is using technology like AI and data analytics to increase GST compliance and reduce tax evasion through measures like mandatory Aadhaar authentication and e-invoicing.
The Indian government states that a 25% reciprocal tariff from the US could affect 55% of India’s merchandise exports. Authorities are assessing the impact.
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.
The Ministry of Finance confirms the presence of district-level helpdesks for GST and Income Tax. Find out about simplified filing procedures and support services for small businesses and rural entrepreneurs.
The Ministry of Finance details fraudulent GST cases and the government’s proactive measures to combat them. Learn about the new rules and systems put in place to prevent ITC fraud.
The Ministry of Finance confirms no GST notices were sent to small traders based on UPI transactions. Learn about recent government measures to simplify GST compliance and reduce regulatory burdens for small businesses.
The Ministry of Corporate Affairs’ MCA21 V3 project is enhancing e-governance for businesses in India by integrating AI, improving transparency, and streamlining services for companies and LLPs.
The Ministry of Finance confirms Aadhaar-based authentication for GST registration has been rolled out nationwide to combat fake Input Tax Credit claims.
