In a move aimed at striking a balance between facilitating genuine taxpayers and cracking down on fraudulent entities, the CBIC has issued Instruction No. 03/2025-GST to streamline the processing of GST registration applications.
The Select Committee of the Lok Sabha on the proposed Income-Tax Bill, 2025 convened a crucial meeting today at Parliament House, New Delhi. Chaired by BJP Member of Parliament Baijayant Panda, the 31-member panel is actively reviewing the draft legi
In a creative pitch to reduce GST on ice cream from 18% to 5%, the Indian Ice-cream Manufacturers' Association quoted Steve Jobs and highlighted affordability, nutrition, and unfair tax comparisons with other dairy products
In a bizarre twist of events, Chandrashekhar Kohad, a petty contractor originally from Nagpur and currently living in Multai, Madhya Pradesh, has been served a staggering Rs 314 crore income tax demand - an amount he says he cannot even comprehend.
The Income Tax Department is rapidly upgrading its surveillance and compliance ecosystem, powered by Artificial Intelligence (AI) and advanced data analytics. According to leading tax experts, the department's intensified focus on high-value transact
In a strong indication of buoyant year-end economic activity, e-way bill (EWB) generation surged to an all-time high of over 12 crore in March 2025, marking a significant 20% rise compared to the previous month.
The Institute of Chartered Accountants of India (ICAI) has officially released the CA Admit Card 2025 for candidates appearing in the May 2025 session of the CA Intermediate and CA Final examinations.
The GST department has reportedly issued summons to several restaurants listed on popular food delivery platforms such as Swiggy and Zomato.
In response to mounting confusion among apartment dwellers and Resident Welfare Associations (RWAs) over GST applicability on monthly maintenance charges, the Ministry of Finance and Corporate Affairs has issued a detailed clarification.
In a renewed effort to tackle tax evasion, the Income Tax Department has initiated a fresh wave of reassessment proceedings targeting businesses suspected of inflating purchase entries to reduce their taxable profits.
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