FDI in Inventory-Based E-Commerce for Exports: Commerce Ministry Invites Feedback
Introduction The Ministry of Commerce and Industry has circulated a note inviting views from various central government departments on a […]
From Filing to Refunds: November GST Reforms Set to Transform MSME Compliance
Introduction From November 2025, India’s Goods and Services Tax (GST) framework will undergo major updates designed to streamline the compliance
GST Registration Drive Launched by Kerala State GST Department
Introduction The State Goods and Services Tax department has launches a GST registration drive in the State in an effort
Large Cash Deposits in Your Bank? How to Stay Clear of a Tax Notice
A large cash deposit in your bank account can attract the attention of the Income Tax Department, and a recent
ITR-U: A Second Chance to Rectify Your Tax Return Mistakes
For the Income Tax filing of financial year 2024-25 (assessment year 2025-26), the due date for individuals not requiring audit
Updates - GST
Alert: GST Returns Pending Over 3 Years to be Time-Barred
Introduction According to an advisory from the Goods and Services Tax Network (GSTN), businesses that have not filed their pending
From November 1: New Rules on Banking, Aadhaar, GST & Pension You Should Be Aware Of
Introduction With the beginning of November, several significant financial and administrative changes are coming into effect. These changes will impact
GST 2.0: New Registration Framework to Simplify Process for Small Businesses
Introduction In a major boost to ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) will
CBDT Notifies Extension of ITR and Audit Report Due Dates for Assessment Year 2025–26
Introduction The Central Board of Direct Taxes (CBDT) has provided major relief to taxpayers and professionals by extending the due
Supreme Court Rules: Printing Materials Used in Works Contracts Subject to Trade Tax
Introduction Overview of the case Supreme Court’s View The Supreme Court agreed with the High Court’s reasoning, noting that three
GSTN Confirms IMS Does Not Affect ITC Auto-Population or GSTR-2B
Introduction The Goods and Services Tax Network (GSTN) has circulated an important clarification to remove false information surrounding the Invoice
GST Council Plans Major Compliance Reforms, Experts Push for Electricity & Natural Gas Inclusion
Introduction The upcoming GST Council meeting is set to focus on major compliance changes aimed at simplifying taxation, enhancing digital
Delhi HC Orders Income Tax Refund of Rs 6.42 Lakh with 53% Interest
Introduction Delhi High Court Observations As per the Delhi High Court judgment ( W.P)(C)7438/2025) dated September 17 2025, here is
CBIC Instruction on Risk-Based Provisional Sanction of Refund Claims (Instruction No. 06/2025-GST)
In a significant step toward enhancing trade facilitation and speeding up GST refund disbursements, the Central Board of Indirect Taxes
GST Revenues in Punjab Surge 22% in First Half of FY26
Punjab’s indirect tax collections have shown a remarkable growth with GST revenues recording double-digit growth in the first half of
Tax compliance upgrade: TDS rules to change from FY 2026: Key Updates for Salaried Employees & SMEs
Starting April 1, 2026, India is set to witness a major reform in the Tax Deducted at Source (TDS) system,
Income Tax Update: No Interest on Wrong 87A Rebate Cases, Pay Revised Tax by Dec 31
The Central Board of Direct Taxes (CBDT) has announced relief for taxpayers who were unexpectedly faced with revised tax demands
Small Tax Refunds Are Released Faster — Here’s Why
Waiting for your income tax refund can be frustrating, especially when it seems like others are getting theirs sooner. Interestingly,
Tax Audit Report Deadline Extended to October 31, 2025, by the Income Tax Department
Introduction The Income Tax Department has announced a one-month extension for the submission of tax audit reports for the fiscal
Punjab Cabinet Approves OTS Scheme for Pre-GST Arrears, Key Policy Changes Announced
Chandigarh, Sept 25: The Punjab cabinet, chaired by Chief Minister Bhagwant Mann, has cleared several major policy initiatives, including a