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
Regulatory Update
IT Department releases updated ITR-5 and ITR-6 Utilities for AY 2025-26
The Income Tax Department has released the latest versions of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025-26.
NITI Aayog Proposes widening of Presumptive Tax to boost FDI
In a significant move to accelerate foreign direct investment (FDI), NITI Aayog released a working paper on Friday proposing an
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
MCA Extends DIR-3 KYC Filing Deadline
The Ministry of Corporate Affairs (MCA) has extended the deadline for filing e-forms DIR-3 KYC and DIR-3 KYC-WEB without paying
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,
EPF UAN Generation Through UMANG APP
Employee Provident Fund Organization is a social security organization that secures and manages social security schemes for employees in the
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
Government May Amend E-commerce FDI Norms to Boost Exports by MSMEs
To encourage participation of MSMEs in global e-commerce exports, the Directorate General of Foreign Trade (DGFT) has proposed introducing an
FDI into India Hits 50-Month High in July
According to data released by the Reserve Bank of India (RBI) on Monday, Foreign Direct Investment (FDI) into the country
MCA’s New Advisory to Expedite LLP Incorporation Process and Reduce Delays
The Ministry of Corporate Affairs (MCA) has issued a new advisory for stakeholders filing applications for Limited Liability Partnership (LLP)
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
Distil Bags $7.7M Funding to Expand Global Footprint in Specialty Chemicals
Indian specialty chemicals startup Distil has raised $7.7 million in Series A funding, led by Singapore’s Jungle Ventures and CE-Ventures,
GSTN Streamlines Refund Filing Process for Various Categories
The Goods and Service Tax Network (GSTN), a non-profitable, non-government organization that regulates the entire IT system of the GST
CBDT Increases Scrutiny On Top Advance Tax Payers
The Central Board of Direct Taxes (CBDT)has directed income tax officials to strictly keep a watch on advance tax payers
Samsung Challenges $520 Million Tax Notice in India
Samsung, the leading South Korean Appliance & Consumer Electronics Producer, has urged an Indian tribunal to scrap a $520 million
Invoice-Wise Reporting in Form GSTR-7 on GST Portal Delayed: GSTN
The Goods and Services Tax Network (GSTN) has recently released a crucial advisory in which it has informed about the
Major Amendments in Payment Law to be effective from 09th May: Finance Ministry
In its recent notification, the Ministry of Finance has officially informed that the Sections 152 and 153 of the Finance
