Central tax authorities have intensified efforts to combat Goods and Services Tax (GST) evasion in Gujarat, with Finance Minister Nirmala Sitharaman revealing significant enforcement actions in the Rajya Sabha on Tuesday.
In a significant move to promote small-value digital payments, the Reserve Bank of India (RBI) has revised the framework for facilitating offline payments under UPI Lite.
Advisory on Mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024
In a crucial update, the Ministry of Finance has issued Notification No. 31/2024-Central Excise, dated December 3, 2024, rescinding Notification No. 08/2022-Central Excise.
In a significant development, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 125/2024, approving the International Institute of Information Technology (IIIT), Hyderabad, for 'Scientific Research.'
On December 3, 2024, the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, with a voice vote. The bill, introduced by Union Finance Minister Nirmala Sitharaman, aims to bring significant changes to improve governance in the banking sector
Addressing the officers, the President said that the Indian Revenue Service (Customs and Indirect Taxes) connects our economy through a uniform tax system and shared administrative values.
GST Council has neither received nor deliberated on any recommendations from the GoM. Until the GoM submits its report, and the Council discusses and makes decisions, any reports regarding GST rate changes remain speculative and without an official basis.
Pilot Project launched under PMIS to provide 1.25 lakh internship opportunities in the FY 2024-25.
Decriminalization of 63 offences under the Companies and LLP Acts
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