CBIC reduced the rate on Fortified Rice Kernel (FRK) to 5% (2.5% CGST and 2.5% SGST)
Background: The GST Council in its 55th meeting held on December 21, 2024, recommended several significant decisions aimed at tax […]
Visakhapatnam DGGI; Man generates Rs 230-crore fake invoices, held
The Directorate General of GST Intelligence (DGGI)-Visakhapatnam Zonal Unit arrested an individual involved in generating fake invoices worth Rs 230
Delhi High Court grants GST relief to Electricity Regulatory Commissions
The Delhi High Court has delivered a significant judgment granting goods and services tax (GST) relief to the Central Electricity
Strong case for GST reduction on 2-wheelers up to 125 cc: Hero MotoCorp CEO
There is a strong case for GST reduction on two-wheelers up to 125 cc as these cater to non-sin goods
DGGI; GST Fraud of Over Rs 100 Crore Uncovered in Jamshedpur
The Directorate General of Goods and Services Tax (GST) Intelligence Wing (IW), regional unit, Jamshedpur, has busted a racket of
US-India Tax Forum proposes simplifying TDS, customs tariff structure
Ahead of the Union Budget for the financial year 2025-2026, the US-India Tax Forum, a key body under the US-India
Delhi High Court upholds ITAT order, rejects income tax petitions against Samsung
The Delhi High Court on Wednesday held that South Korean multinational Samsung Electronics Co’s wholly-owned subsidiary’s premises in India do
Income Tax Dept imposes Rs 3.86 cr penalty on Laurus Labs for disallowed deduction
Hyderabad-based pharmaceutical company Laurus Labs, on Wednesday, disclosed that the Income Tax Department has imposed a penalty of Rs 3.86
Delhi ITAT allows India-Luxembourg treaty benefit on tax residency certificate
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed a Luxembourg-based taxpayer, that satisfied the provisions of
Budget 2025 should reduce tax, compliance burden on middle class and SMEs, says expert
Budget 2025: In the forthcoming budget for 2025-26, the government needs to reduce tax and compliance burden on the salaried
