Budget 2025: SWFs, pension funds seek extension of tax exemption on infra investments
Foreign sovereign wealth funds (SWFs) and pension funds are seeking an extension of the tax exemption for investments in the […]
Hight Court dismisses petitions by bank officers against 2007 income tax law change
The Bombay high court dismissed petitions filed by officers of nationalised banks against a 2007 change to the income tax
CBDT; Guidance for application of the Principal Purpose Test (PPT) under India’s Double Taxation Avoidance Agreements (DTAAs)
The CBDT vide Circular No. 01/2025 dated January 21, 2025, has issued guidance for application of the Principal Purpose Test
DGFT Provides Relief in Average Export Obligation Under EPCG Scheme for 2023-24
The DGFT issued Policy Circular No. 11/2024-25 dated January 21, 2025, providing relief under the EPCG Scheme by reducing the
Kerala SGST Policy Division issued Sector Specific Trade Advisory on GST for the wood industry outlines key aspects like registration, tax rates, compliance, and invoicing
The Kerala SGST Policy Division vide Sector Specific Trade Advisory 01/2025 – Wood Industry dated January 17, 2025 on GST
Insurers want GST to continue on term plans
At a time when the ministerial panel on GST rationalisation is seeking to ensure that the benefits of lower tax
GSTN issued Updated Advisory: Phase-3 of reporting of HSN codes in Table 12 of GSTR-1 & 1A is being implemented from February 2025 return period
The GSTN issued Advisory No. 574 dated January 22, 2025 regarding the implementation of mandatory mentioning of HSN codes in
Important Update: Minutes book & Agenda Notes of the 54th GST Council Meeting Now Available
The GST Council has released the minutes book and Agenda Notes Volumes 1, 2 & 3 of its 54th meeting,
GSTN issued Important Advisory for Availing Input Tax Credit (ITC) as per law and GSTR-2B
For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR-2B which has since been
CBDT notifies amendments in Income-tax Rules, 1962 to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators
As a measure to promote investment and employment, Finance (No. 2) Act, 2024 inter alia provided a presumptive taxation regime
