New Schemes and Programmes to Support SMEs
During the FY 2024-25, the Ministry of Micro, Small and Medium Enterprises (MSME) has launched a sub scheme under Central […]
Union Budget 2025-26
Govt proposes amendments to Finance Bill 2025, plans to remove 6% equalisation levy on online ads
The government has proposed amendments to the Finance Bill 2025, including the removal of the 6% equalisation levy on online
SC allows audit regulator’s proceedings against CAs
The Supreme Court has allowed audit regulator National Financial Reporting Authority (NFRA) to continue its proceedings against chartered accountants and
Weekly GST Communique dated March 24, 2025
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field
[IBC News] No tax demand after resolution plan approval, says Supreme Court
The Supreme Court (SC) has said that no tax demand, even if raised by the income-tax (I-T) department, can be
[CBI News] Special CBI Court Acquits 2 In Service Tax Evasion Case, Slams Probe Quality
The special CBI court recently acquitted Rangnath Laxman Nayak, a former superintendent in the Service Tax department, and businessman Ulhas
[Income Tax News] ‘Difficult To Recover 67% Of Direct Taxes Worth ₹43 Lakh Crore Due Across Country,’ Says Income Tax Dept
The Income Tax Department is grappling with an alarming backlog of direct tax arrears, with a staggering Rs 29 lakh
[PLI News] Parliamentary Committee Recommends PLI Scheme Extension To Labor-Intensive Sectors
A parliamentary committee has recommended extending and enhancing the production-linked incentive (PLI) scheme and expanding its coverage to include labour-intensive
[GST News] GST on insurance may be slashed to 5%
The Goods and Services Tax (GST) Council may settle for a reduction in the tax rates on health & life
[GST News] ‘Your state was in the room’: Nirmala Sitharaman says GST decisions were collective, not Centre’s in Chennai event
Finance Minister Nirmala Sitharaman threw down the gauntlet in Chennai when asked about GST rates. “Not a single GST rate
