The Indian government has initiated a comprehensive review of IGST settlement mechanism following complaints from several state governments about revenue shortfalls.
In a strategic move to enhance the food processing sector, the Centre organized a high-level CEO roundtable on September 19, 2024, as part of the World Food India 2024 event.
In a heartbreaking incident, Sandeep Paswan, a 33-year-old Chartered Accountant from Jharkhand, allegedly took his own life at his rented home in Govandi, just minutes after broadcasting a distressing live video on Facebook.
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The Finance Ministry has announced the launch of the second edition of the Direct Tax Vivad Se Vishwas Scheme 2024 (VSV 2.0), effective October 1, 2024.
Sun Pharmaceutical Industries Limited has been penalized by the Assistant Commissioner, Goods & Service Tax, Division, Mohali-I, Punjab, according to a recent stock exchange filing.
Zydus Wellness Limited announced that its wholly-owned subsidiary, Zydus Wellness Products Limited (ZWPL), has received a tax demand of ₹10.51 million from Bihar state tax authorities.
Budget airline SpiceJet disclosed on Tuesday that it has not paid statutory dues totalling Rs 427 crore from April 2020 to August 2024 due to severe financial constraints.
Improved compliance and stricter enforcement by GST field formations have led to a surge in e-way bill generation, reaching an all-time high of 10.54 crore in August 2024, according to data from the Goods and Services Tax Network (GSTN).
The Finance Ministry is accelerating efforts to review and simplify the Income Tax Act, 1961, with a target completion date of January 2025, ahead of the Union Budget in February, sources familiar with the matter revealed.
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