States concerned about potential revenue losses from GST rate rationalisation
Even as states have shown support to the Centre’s proposal to rationalise rates of goods and services tax (GST), concerns […]
Madras HC advocate flags Flipkart over alleged GST loophole exploitation
A practicing advocate of the Madras High Court has written to Finance Minister Nirmala Sitharaman, raising alarm over what he
Textile exporters seek 10% direct subsidy from govt to survive in a post-tariffs era
The textiles and apparel industry, which contributes 2.3% to India’s GDP, 13% of industrial production, and 12% of exports, is
From July 2017 to Diwali 2025: India’s evolving GST journey explained
In his August 15, 2025 address from the Red Fort, Prime Minister Narendra Modi said the government would roll out “next-generation” GST
Income tax rules revised: Higher limits for perquisite taxation of salaried individuals
The Central Board of Direct Taxes (CBDT) has notified new income threshold limits for calculating tax-free perquisites (perks) under the
GST rate cuts to benefit Quick Service Restaurants (QSRs): Report
Quick Service Restaurants (QSRs), which are largely concentrated in metro cities, have been impacted by weak consumer demand, high competitive
AiMeD warns blanket GST rejig could hurt domestic MedTech, calls for balanced tax structure
India’s medical device industry has raised red flags over proposed changes to the Goods and Services Tax (GST) regime, warning
GST reforms: ‘State revenue should be protected, or welfare schemes will be affected’, says Kerala finance minister
Kerala state Finance Minister KN Balagopal today said that the central government’s planned goods and services tax (GST) reforms, should
CBDT drafting rules for Income Tax Act: Focus on simplified language, no ambiguity
With the Income Tax Act, 2025 getting notified last week, paving the way for its implementation from April 1, 2026,
ICAI Releases 4th Edition of Handbook on Exempted Supplies
The Institute of Chartered Accountants of India (ICAI) has launched the Fourth Edition (April 2025) of its Handbook on Exempted
