The Uttar Pradesh State Tax Department has initiated a massive review of all registered firms to curb GST evasion and bogus business activities.
Nearly 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.
The 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 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 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.
Taxpayers 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.
India’s FY26 growth likely above 6.8%, says CEA; GST cuts, tax relief, and trade deal hopes lift economic outlook.
MCA data shows company registrations up 26% and LLPs 38% in October, driven by GST cuts, festive demand, and strong economic growth.
India's tax reforms from SEP to VDA taxation show global leadership in fair, transparent, and equitable digital economy taxation, says CBDT official.
DGGI Bhubaneswar has arrested Mumbai-based chartered accountant Nilesh Yogesh Jigiwala for allegedly masterminding a Rs 325 crore GST fraud. He reportedly operated over 105 shell companies to generate fake ITC and help large firms claim illegal subsidies.
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