Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures
The Kerala GST department has announced a major relief for taxpayers dealing with multiple GST show cause notices (SCNs) issued across different districts.
The Central Bureau of Investigation (CBI) has launched an investigation into allegations of corruption involving an income tax inspector from the International Taxation Circle, Mumbai, and an employee of a private shipping company.
The much-anticipated overhaul of the Income-Tax Act, 1961, is likely to be presented during the Budget session of Parliament on February 1, 2025.
In a landmark meeting, the CMAI, along with 14 prominent garment trade associations across India, joined forces under the banner of "One Industry, One Voice" to address pressing challenges facing the garment sector.
As Union Budget 2025 approaches, the electric vehicle (EV) industry has high hopes for policy changes to accelerate India's EV adoption and manufacturing capabilities.
The National Restaurant Association of India (NRAI) has appealed to FM Nirmala Sitharaman to include targeted reforms and incentives for the restaurant sector in the Union Budget 2025-26.
The Confederation of Indian Industry (CII) has urged the Union government to increase capital expenditure by 25% in FY26 while adhering to the fiscal glide path.
In a series of notifications issued on January 10, 2025, the Central Board of Indirect Taxes and Customs (CBIC) announced extensions for various Goods and Services Tax (GST) compliance deadlines for the month of December 2024.
The Indian insurance sector stands at a transformative juncture as the Union Budget 2025 approaches. Experts believe targeted reforms could significantly enhance insurance penetration, driving India closer to the vision of "Insurance for All" by 2047
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