In a creative pitch to reduce GST on ice cream from 18% to 5%, the Indian Ice-cream Manufacturers' Association quoted Steve Jobs and highlighted affordability, nutrition, and unfair tax comparisons with other dairy products
In a bizarre twist of events, Chandrashekhar Kohad, a petty contractor originally from Nagpur and currently living in Multai, Madhya Pradesh, has been served a staggering Rs 314 crore income tax demand - an amount he says he cannot even comprehend.
The Income Tax Department is rapidly upgrading its surveillance and compliance ecosystem, powered by Artificial Intelligence (AI) and advanced data analytics. According to leading tax experts, the department's intensified focus on high-value transact
In a strong indication of buoyant year-end economic activity, e-way bill (EWB) generation surged to an all-time high of over 12 crore in March 2025, marking a significant 20% rise compared to the previous month.
The Institute of Chartered Accountants of India (ICAI) has officially released the CA Admit Card 2025 for candidates appearing in the May 2025 session of the CA Intermediate and CA Final examinations.
The GST department has reportedly issued summons to several restaurants listed on popular food delivery platforms such as Swiggy and Zomato.
In response to mounting confusion among apartment dwellers and Resident Welfare Associations (RWAs) over GST applicability on monthly maintenance charges, the Ministry of Finance and Corporate Affairs has issued a detailed clarification.
In a renewed effort to tackle tax evasion, the Income Tax Department has initiated a fresh wave of reassessment proceedings targeting businesses suspected of inflating purchase entries to reduce their taxable profits.
According to a report, the DGGI's Coimbatore zone is probing whether Hajmola should be taxed as an ayurvedic medicine, attracting 12% GST or reclassified as a confectionery item, which carries a higher 18% GST.
2025-26 Union Budget has introduced a game-changer: housing societies must now impose an 18% GST on monthly maintenance fees if collections exceed Rs 20 lakh annually or if individual maintenance charges are Rs 7,500 or more.
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