In the July 2024 Budget, Finance Minister Nirmala Sitharaman aimed to provide relief to India's middle and lower-income households by widening the income tax slab for zero tax and increasing the standard deduction for salaried individuals.
Micro, Small, and Medium Enterprise (MSME) stakeholders urged the government to implement GST reductions, technology upgrades, and extend Production-Linked Incentive (PLI) benefits to various sectors during a pre-Budget meeting with Finance Minister
The sluggish excise duty collections from petroleum and natural gas, combined with the discontinuation of the windfall tax regime in December, indicate a significant drop in the sector's overall tax contribution to the public exchequer for FY25
In a major announcement, Revenue Secretary Sanjay Malhotra has been appointed as the 26th Governor of the Reserve Bank of India (RBI), according to an official notification issued by the Centre's Cabinet Committee on Monday.
As per Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated
In a large-scale operation, over 120 officials from the Income Tax (IT) Department are conducting searches at multiple locations across the Andaman and Nicobar Islands.
In a significant turn of events, Maharashtra Deputy Chief Minister Ajit Pawar and his family have been exonerated of allegations of owning benami properties.
In a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman on Saturday, the Bharatiya Kisan Union (BKU) (Apolitical) presented a series of demands aimed at alleviating the challenges faced by farmers.
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Haryana, Manipur, Meghalaya and Tripura
The Indian Beverage Association (IBA) has raised concerns over the current 40% GST levied on aerated beverages, calling it a significant bottleneck for the industry's growth.
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