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,
Regulatory Update
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
Gujarat: GST Collection Records All-Time High in FY 2024-25
In April 2025, Gujarat achieved a significant milestone in its Goods and Services Tax (GST) collection. The state records its
Delhi CM Urges for a Faceless GST System, highlighting Pending Dues
On Saturday, Delhi’s newly elected Chief Minister, Rekha Gupta, called for a more transparent and ‘faceless’ Goods and Services Tax
GST Registration Grievance Redressal: New System to Speed Up Process
The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Instruction No. 04/2025-GST dated May
ICAI to evaluate One Nation One Election’s financial aspects
The Apex Body of Chartered Accountants, ICAI, will assess the financial aspects of the proposed ‘One Nation One Election’ reform
Attention Taxpayers! CBDT Notifies Amended Income Tax Act 1961 Updated by Finance Act 2025
The Central Board of Direct Taxes (CBDT) has released the updated version of the Income Tax Act 1961, encompassing amendments
CBDT Notifies New ITR-5 Form for AY 2025-26
The Central Board of Direct Taxes (CBDT) has officially notified that a revised Income Tax Return (ITR) Form 5 will
Dabur’s ‘100% Fruit Juice’ Claim Misleading, Food Regulator FSSAI Tells Court
The Food Safety and Standards Authority of India (FSSAI) has told the Delhi High Court that advertisement of fruit juices
Arvind Shrivastava Takes Charge as New Revenue Secretary
Arvind Shrivastava took charge as the Secretary of the Department of Revenue, Ministry of Finance, on May 1, 2025. On
Karnataka High Court Upholds Sales Tax on Set-Top Boxes
In a crucial verdict, the Karnataka High Court has upheld the imposition of sales tax on set-top boxes (STBs) provided
India Records Highest ever GST Collection
In April, the Goods and Services Tax (GST) collection witnessed a 12.6 per cent year-on-year record rise and reached an
Phase 3 HSN Code Reporting in Table 12 from May 2025: GSTN Issues Advisory
The Goods and Services Tax Network (GSTN) has recently announced the implementation of Phase 3 for reporting Harmonized System of
Paytm First Games GST Notice: Subsidiary to Contest Rs. 5,712 Crore Demand
One97 Communications Ltd (OCL), the parent company of digital payments platform Paytm, has recently disclosed that its gaming subsidiary, First
Changes in ITR Forms: Govt notifies Forms 1 & 4 for Assessment Year (AY) 2025-26
The Government of India is continuously making efforts to simplify the taxation structure so that the taxpayers can easily navigate
Karnataka High Court Stays 50 Crore GST Demand
The Karnataka High Court has paused a ₹50 crore GST demand against Himesh Foods Private Limited over its chain of
