A grocery shopkeeper in Bulandshahr, UP, was shocked after receiving a Rs 141 crore tax notice when his PAN card was allegedly misused to create fake firms.
PAN card misused to create fake GST registrations, leading to Rs 43 crore fraud. Police launch probe into major identity theft case involving cyber crime.
Delhi CM Rekha Gupta announces release of Rs 1600 crore GST refunds pending since 2019, ahead of Diwali, with a new IT module to fast-track claims.
The Indian Beverage Association has urged the GST Council to reclassify aerated drinks as “food/merit” goods, seeking 18% GST instead of 40%, and lower GST on fruit juices to 5%.
CBDT extends tax exemption timelines under Section 10(23FE) by 6 years through the Income-tax (25th Amendment) Rules, 2025, aiding global funds.
India's GST collections rose to Rs 1.86 lakh crore in August 2025, up 6.5% year-on-year. Net revenue grew 10.7%, with Maharashtra, Karnataka, Tamil Nadu and Gujarat leading contributions.
DEA to begin pre-budget meetings for Union Budget 2026-27 from October 9; ministries must submit estimates via UBIS by October 3, 2025.
CBIC directs customs to verify BIS registration online before clearance of imports; only valid registrations allowed, covering CCTVs and all CRO goods.
India’s GDP grew 7.8% in Q1 FY26, the fastest in five quarters, led by manufacturing and services. Fiscal deficit, tariffs pose future challenges.
Centre collects Rs 10.95 lakh crore in April-July FY26, 31.3% of BE; infra push lifts capital spend to Rs 3.5 lakh crore, fiscal deficit at 29.9%.
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