The Government is reviewing GST on LIC premiums, with no final decision yet. A Group of Ministers is evaluating the matter and their upcoming report may lead to possible tax relief for life insurance policyholders.
GST Council may grant amnesty from interest and penalties to small vendors flagged through UPI data, says Central Tax Commissioner Kotraswamy M.
Govt of India appoints 83 members to GST Appellate Tribunal, aiming to fast-track GST dispute resolution and enhance judicial and technical expertise.
The Institute of Chartered Accountants of India (ICAI) has inked an MoU with and Indian Association of Gold Excellence and Standards (IAGES) to implement a robust accreditation framework for value chain partners in the gold industry
Maharashtra GST Dept. arrests Nagpur trader Mahesh Keshwani for availing Rs 33.93 crore fake ITC using bogus invoices from cancelled GST registrations. Judicial custody till Aug 14.
CBI arrests Mumbai Customs Superintendent Krishan Kumar for accepting Rs 10.20 lakh bribe to clear consignments. Investigation reveals demands of Rs 10/kg and links to senior officers.
Traders in Gujarat allege misuse of Section 67(1) of the GST Act by officials for harassment and extortion. Ahmedabad Traders' Federation demands reforms and protection for small businesses.
The CGST Delhi South Commissionerate has busted a Rs 47.12 crore Fake ITC racket in the iron and steel sector. A Naraina-based trader was arrested for availing bogus ITC using fake invoices and cancelled GSTINs without the actual supply of goods.
The Government, Reserve Bank of India (RBI) and National Payment Corporation of India (NPCI) have been taking up various initiatives to promote digital payment transactions.
The Lok Sabha Select Committee spent 25,000 hours reviewing the Income Tax Bill 2025, recommending 330+ clarity-focused changes.
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