Two Income Tax officials sentenced to 4 years in jail for accepting ₹15 lakh bribe in Jodhpur CBI court; jeweller acquitted due to insufficient evidence.
Exporters await 90% provisional GST refunds as Centre considers ordinance. Law committee working on Section 54 amendment for rollout.
DGFT proposes an inventory-based e-commerce export model to help MSMEs expand globally, simplify compliance & ensure export-linked benefits.
Processed food makers hail GST 2.0 reforms; companies like Mother Dairy & Allana to pass on benefits, boosting sales, exports & consumer savings.
Kerala GST Dept's 'Prancing Pony' raid found Rs 127.46 cr turnover suppression & Rs 12 cr tax evasion in 45 bar hotels. Probe against offenders continues.
Festive e-commerce sales in India jumped 23–25% YoY in the first two days, led by premium smartphones, TVs, and GST benefits, generating over Rs 1.15 lakh crore GMV.
Finance Minister Nirmala Sitharaman highlighted India's economic resilience, citing 7.8% GDP growth, sovereign rating upgrades, and strong reforms that helped the country withstand global challenges, tariffs and supply chain disruptions.
Digital payments in India surged to Rs 11 trillion on Sept 22 as new GST rates took effect, with RTGS, UPI, NEFT and card payments soaring. E-commerce sales jumped 25% in two days.
CBDT’s new digital evidence manual empowers tax officials to use Companies Act provisions to access offshore data. Firms must keep daily backups in India, disclose overseas custodians and comply with stricter digital evidence rules.
Despite GST rate cuts, many retailers in Chennai are yet to reduce prices of essentials, medicines, and stationery. Old stock, confusion over MRPs and delays from distributors are cited as reasons.
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