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Online Gaming Bill 2025 Tabled in Lok Sabha: Ban on Money Games, Push for E-Sports & Social Gaming
21 August 2025 at 09:02The Online Gaming Bill 2025, tabled in Lok Sabha, proposes a ban on online money games while promoting e-sports, social and educational gaming. It also seeks to set up a national authority for regulation, innovation and player safety.
Smartphone Industry Seeks GST Cut to 5% for Boosting Demand and Affordability
21 August 2025 at 08:54Smartphone makers, led by ICEA, have urged the government to cut GST on mobile phones from 18% to 5% to boost demand, reduce prices, and strengthen India’s manufacturing competitiveness.
CBIC Extends GSTR-3B Due Date Filing for July 2025 in Select Maharashtra Districts
21 August 2025 at 08:48CBIC has extended the due date for filing GSTR-3B of July 2025 till August 27, 2025 for taxpayers in Mumbai, Thane, Raigad, and Palghar districts. Know the details of GST compliance relief.
CBDT Notifies New Salary & Income Thresholds Under Section 17 of Income Tax Act
20 August 2025 at 09:23CBDT notifies new rules under Section 17 of the Income-tax Act, 1961. Salary income capped at Rs 4 lakh and gross total income at Rs 8 lakh for specified provisions.
GST 2.0 Overhaul: Govt Considers Reducing GST on Insurance from 18% to 5% or Nil
20 August 2025 at 09:17The government is planning to slash GST on insurance premiums from 18% to 5% or even zero under its proposed GST 2.0 reforms, while restructuring slabs into 5%, 18%, and a 40% sin tax for luxury goods like tobacco and alcohol.
No Proposal to Impose Fees on UPI: Finance Ministry Reaffirms in Lok Sabha
20 August 2025 at 09:10The Finance Ministry told Parliament there is no proposal to impose fees on UPI transactions, easing concerns after RBI Governor Sanjay Malhotra's comments sparked speculation about charges on UPI transactions.
Income Tax Department Recovers Rs 3,588 Crore, But 59,352 Audit Cases Remain Unsettled: CAG
20 August 2025 at 09:05CAG reports that the income tax department recovered Rs 3,588.79 crore after rectifying audit-flagged errors but left 59,352 cases unsettled, with pending tax effects of Rs 6,252.06 crore.
Commerce Ministry Prepares 100-Day Reforms Agenda to Boost FDI, Startups and Exports
20 August 2025 at 08:59The commerce and industry ministry is drafting a 100-day reforms agenda that may include liberalising FDI rules, easing investments from neighbouring countries, tax benefits for startups, relaxed environmental norms
New Income Tax Bill, 2025: Major Corporate Tax Reforms to Simplify Compliance and Boost Certainty
20 August 2025 at 08:56The New IT Bill, 2025, simplifies corporate taxation by addressing dividend double taxation, clarifying AMT rules for LLPs, restoring inter-corporate dividend deductions, and refining ‘beneficial ownership’ provisions to reduce litigation
GST Registration to Be Cleared in Just 3 Days, Refunds to Be Automated Under Upcoming Reforms
19 August 2025 at 09:24Businesses will soon get GST registration within 3 days, with 95% of applications cleared in the new timeframe. Automated refunds for ITC and inverted duty structures will further ease compliance and improve cash flows.
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