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CBIC Issues Instruction to Align Import Policy with Finance Act, 2025
12 November 2025 at 09:16CBIC issues Instruction No. 32/2025-Customs to align the ITC (HS) 2022 Import Policy with the Finance Act, 2025, following DGFT Notification 44/2025-26, ensuring consistency in customs classification and import procedures.
Rs 51.74 Crore GST Evasion Busted in Lucknow: Two Traders Booked for Creating Fake Firms
12 November 2025 at 06:36The Uttar Pradesh State Tax Department has uncovered a Rs 51.74 crore GST evasion scam in Lucknow, where two traders created fake firms - HK Impax and Sun Enterprises to claim fraudulent input tax credits.
Uttar Pradesh Launches Statewide Crackdown to Detect Fake Firms and Tax Evasion
12 November 2025 at 06:36The Uttar Pradesh State Tax Department has initiated a massive review of all registered firms to curb GST evasion and bogus business activities.
GST 2.0 Fails to Ease Household Budgets: Families Report No Major Price Drop
12 November 2025 at 06:36Nearly 50 days after GST 2.0 came into effect, consumers report little relief in grocery bills. Despite minor price drops in select items like toothpaste, chocolates, and soaps, household kitchen budgets remain largely unchanged under the new tax regime.
CBDT Uncovers Rs 9169 Crore Political Donation Laundering Racket Involving CAs and RUPPs
12 November 2025 at 06:36The CBDT has uncovered a Rs 9,169 crore political donation laundering racket involving Registered Unrecognised Political Parties (RUPPs), CAs and intermediaries who used fake receipts and cash refunds to evade taxes across two assessment years.
President Droupadi Murmu Summons Winter Session of Parliament from December 1, 2025
12 November 2025 at 06:36President Droupadi Murmu has summoned both Houses of Parliament, Lok Sabha and Rajya Sabha, to convene for the Winter Session in New Delhi on December 1, 2025, at 11 AM, as per official Gazette notifications issued on November 8, 2025.
FM Sitharaman Begins Pre-Budget Consultations for Union Budget 2026-27
12 November 2025 at 06:36FM Sitharaman has kicked off pre-budget consultations for Union Budget 2026-27 with leading economists, industry representatives, and farmer unions. Discussions focused on tax reforms, MSME support, agricultural growth, and ease of doing business.
CBDT Simplifies Process to Correct TDS, Interest and Refund Errors
11 November 2025 at 06:41Taxpayers will now get faster refunds as CBDT authorizes CPC Bengaluru to correct TDS, TCS, and interest errors instantly under Section 154. The move eliminates long delays and improves tax transparency.
GST Rate Cuts and Income Tax Relief to Drive India's FY26 Growth Beyond 6.8%, Says CEA
11 November 2025 at 06:41India’s FY26 growth likely above 6.8%, says CEA; GST cuts, tax relief, and trade deal hopes lift economic outlook.
Company Registrations Jump 26% in October; LLP Incorporations Rise 38% Amid GST Cuts and Growth Optimism
11 November 2025 at 06:41MCA data shows company registrations up 26% and LLPs 38% in October, driven by GST cuts, festive demand, and strong economic growth.
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