Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.
The Union Cabinet has approved the Rs 20,000 crore Credit Guarantee Scheme for Exporters (CGSE), offering 100% collateral-free credit via NCGTC to boost MSMEs, liquidity, and export growth.
ICAI signs MoU with the Indian Army for real-time UDIN verification via API integration, enhancing transparency, trust, and efficiency in document authentication.
Finance Minister Nirmala Sitharaman said that the recent GST reforms have boosted sales across sectors from automobiles and consumer durables to e-commerce highlighting the positive market response to simplified tax rates and structures.
The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.
The Maharashtra State Tax Department (Thane Zone) has arrested Mira Road resident Srikanth Vaidyanath for generating and passing fake GST Input Tax Credit worth Rs 8.43 crore through a bogus firm.
As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.
India notifies the amended DTAA Protocol with Belgium, enhancing tax transparency and mutual assistance from June 26, 2025.
CBIC 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.
The 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.
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