India’s 2025 tax overhaul saw major GST rate cuts and higher income tax exemption limits. With GST and IT reforms largely in place, the government is now shifting focus to customs duty rationalisation and procedural simplification in the upcoming Budget.
The Institute of Chartered Accountants of India (ICAI) has invited public comments on the Exposure Draft of Information Systems Audit Standards (ISAS). Stakeholders can submit feedback till January 25, 2026.
Tax collections are likely to fall short of Budget targets as CBDT asks field formations to intensify recovery of large tax demands and tighten compliance measures.
Commerce Secretary Rajesh Agrawal said legally binding commitments under FTAs are crucial to expand global markets for Indian professional services at a Department of Commerce Chintan Shivir.
CBI has arrested a Central GST Superintendent in Mumbai while accepting a Rs 5 lakh bribe to reduce tax liability. Unaccounted cash and property documents were recovered during searches.
The Finance Ministry has amended GST Appellate Tribunal Group C recruitment rules, lowering qualification for Stenographer Grade II and removing deputation for UDC posts.
The DGGI Visakhapatnam Zonal Unit has detected a fake ITC network involving Rs 27.07 crore, arrested the key accused, and intensified action against GST evasion and bogus invoicing.
Two Central GST officials accused of demanding a Rs 10 lakh bribe from a hotelier were sent to judicial custody after a CBI trap caught them accepting Rs 4 lakh.
CAI handbook highlights automatic GST interest, penalty exposure and how audits can inflate tax disputes beyond the original demand.
Apartment Owners Associations in Noida oppose UP tax department's 18% GST on maintenance and electricity charges, calling the levy unjustified and non-commercial.
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