GST collections slowed to 4.6% in October as 20 states saw declines, reflecting transition effects from the new GST 2.0 rate reform introduced in September.
Finance Minister Nirmala Sitharaman unveils plans for next-generation customs reforms, fiscal stability and India's roadmap to becoming a top global economy.
CBIC clarifies that businesses storing goods in warehouses located in other States must obtain separate GST registration. The clarification outlines GST liability, invoicing, place of supply and compliance requirements under the CGST and IGST Acts.
CBDT grants income tax exemption to Karnataka Housing Board under Section 10(46A) of the Income Tax Act, effective from AY 2024-25. The notification ensures no adverse impact from its retrospective application.
The Income Tax Department has withdrawn its Rs 8,500 crore transfer pricing case against Vodafone India Services Pvt. Ltd., ending a decade-long dispute linked to a 2008 business restructuring.
CAT, Cuttack, has imposed a Rs 20,000 cost on a CBIC officer for non-compliance in the suspension case of Deepak Niranjan Nath Pandit, directing submission of a full compliance report or personal appearance on December 11, 2025.
ICAI’s Pre-Budget Suggestions for 2026-27 propose rational TDS, LLP reorganisation relief, compliance simplification, and green tax incentives for sustainable growth.
The Income Tax Department warns taxpayers against fake emails and SMS phishing scams impersonating official communication.
The CBI has booked a CGST Assistant Commissioner from Jaipur for allegedly possessing assets worth Rs 2.54 crore, 100% beyond known income sources.
The Ministry of Finance has invited industry and trade associations to submit suggestions for Union Budget 2026-27 regarding changes in direct and indirect taxes.