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
Regulatory Update
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
ITR Processed, but Didn’t Receive Refund Yet? Here’s What You Should Do
Many taxpayers are experiencing confusion this year as their Income Tax Return (ITR) status shows ‘processed’, yet no refund has
Piyush Goyal in Qatar Urges Businesses to Harness Make in India and Startup India Initiatives
Union Commerce and Industry Minister Piyush Goyal, while in Doha, Qatar, urged Indian enterprises to fully capitalize on the opportunities
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
IT Department Plans to Launch Nudge Campaign on Joint Development Agreements
The Income Tax Department is planning to initiate a drive to urge landowners who came into joint development agreements (JDAs)
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
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
