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CBIC Clarifies GST Rates on Popcorn

   18 February 2025 at 08:34

The Central Board of Indirect Taxes & Customs (CBIC) has issued a clarification on GST rates applicable to different categories of popcorn, settling ongoing disputes over tax interpretation. The board has also regularised rate disputes on specifi

Posted in GST |   771 Views


ICAI Opens Empanelment for Observers for CA Exams May 2025

   18 February 2025 at 08:34

The Institute of Chartered Accountants of India (ICAI) has invited applications for the empanelment of members to act as observers at the examination centers for the Chartered Accountants Examinations, May 2025.

Posted in Students  1 comments |   10422 Views


Income Tax Bill 2025 Aims to Simplify NRI Taxation, Provide Clarity

   17 February 2025 at 07:42

The Income Tax Bill 2025 seeks to create a more transparent and efficient tax framework for Non-Resident Indians (NRIs) by addressing long-standing concerns and reducing litigation risks, according to tax experts.

Posted in Income Tax |   2037 Views


28% GST Impact: Dream11 CEO Warns of Massive Shutdowns in Online Gaming Sector

   17 February 2025 at 07:42

The Indian online gaming industry is at a critical juncture, with Dream11 co-founder and CEO raising concerns over the government's retrospective GST demands exceeding ₹1.1 lakh crore.

Posted in GST |   1305 Views


GST Council Mulls Tax Rate Cuts, Considers Eliminating 12% Slab to Boost Consumption

   17 February 2025 at 07:37

The Goods and Services Tax (GST) Council is reportedly considering a reduction in tax rates on select items to stimulate consumption while maintaining revenue stability, according to a report citing sources familiar with the discussions.

Posted in GST |   618 Views


FM Responds to Jaya Bachchan: GST on Movie Tickets Slashed from 28% to 18%

   17 February 2025 at 07:37

Responding to concerns raised by MP and former actor Jaya Bachchan, Sitharaman emphasized that GST has significantly reduced the tax burden on the film industry compared to the pre-GST era.

Posted in GST |   1989 Views


Income Tax Bill 2025: Capital Gains Tax Structure Unchanged, Language Simplified for Clarity

   17 February 2025 at 07:37

The new Income Tax Bill 2025, tabled in Parliament recently, is being seen by taxation experts as a landmark reform aimed at modernizing and simplifying India's tax framework.

Posted in Income Tax |   4131 Views


GSTN Introduces Form ENR-03 for Enrolment of Unregistered Dealers on E-Way Bill Portal

   17 February 2025 at 07:36

In a move to streamline the e-Way Bill (EWB) system, the Goods and Services Tax Network (GSTN) has introduced Form ENR-03, enabling unregistered dealers and persons to enrol and generate e-Way Bills.

Posted in GST |   1941 Views


CBIC Issues Clarifications on GST Rates and Classifications Following 55th GST Council Meeting

   15 February 2025 at 07:58

CBIC has issued Circular No. 247/04/2025-GST dated February 14, 2025, clarifying GST rates and classifications based on the recommendations of the 55th GST Council meeting held on December 21, 2024

Posted in GST |   963 Views


New Income Tax Bill Retains Old Regime, Aims for Simpler Tax Laws

   15 February 2025 at 07:32

The much-anticipated new Income Tax Bill has put an end to speculation regarding the abolition of the old tax regime, confirming that it will continue to coexist with the new regime.

Posted in Income Tax |   540 Views



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