Income Tax Department Releases Excel Utilities for Filing Updated ITRs (ITR-1 to ITR-7) for Assessment Year 2025–26
The Income Tax Department has enabled Excel Utilities for filing Updated Returns in ITR Forms 1 to 7 for Assessment
2025 Economic Reforms – Building a Future-Ready India: Shifting From Regulatory Expansion To Outcome-Oriented Tax, GST, And Business Reforms
Key Takeaways 2025 Economic reforms focused on outcome-driven governance, simplifying systems, and boosting growth, inclusivity, and ease of doing business. Labour
Year-End Review 2025: Transformational Reforms and Institutional Strengthening by the Ministry of Corporate Affairs—From Ease of Doing Business and MCA V3 Transition to Insolvency Resolutions and Expanded Regulatory Infrastructure
Year-End Review 2025: Transformational Reforms and Institutional Strengthening by the Ministry of Corporate Affairs—From Ease of Doing Business and MCA
Year-End Review 2025: Transforming India’s MSME Ecosystem through Strategic Reforms, Digital Empowerment, Inclusive Credit, Heritage Revival, and Tech-Driven Growth
The Micro, Small, and Medium Enterprises (MSME) sector plays a crucial role in India’s economic and social development. It generates
No GST on corporate guarantees without consideration, when recipient is eligible for full ITC
The Hon’ble Madras High Court in the case of Amman Try Trading Company Private Limited v. State Tax Officer –
Gross GST Collections Rise 6.1% YoY to Rs 1.75 Lakh Crore In December 2025
India’s total goods and services tax (GST) collections rose 6.1% year-on-year in December 2025 to Rs 1,74,550 crore. The subdued
Government Overhauls Central Excise Framework for Tobacco: Comprehensive Notification Series Introduces Capacity-Based Levy, Revised Duty Rates and Stricter Compliance from February 2026
Central Excise (Amendment) Act, 2025 to Come into Force from 1 February 2026 The Ministry of Finance, Department of Revenue,
Government Notifies Nil Rate of Compensation Cess on Pan Masala and Tobacco Products w.e.f. 1st February 2026
The Central Government issued Notification No. 03/2025-Compensation Cess (Rate) dated December 31, 2025 has notified the reduction of Goods and
Government Notifies CGST (Fifth Amendment) Rules, 2025; Inserts Rule 31D on Retail Sale Price–Based Valuation and Adds New Clause (f) in Rule 86B, Effective from 1st February 2026
The Central Government has issued Notification No. 20/2025–Central Tax, dated 31st December 2025, to amend the Central Goods and Services
Government Rationalises GST Rate Structure on Tobacco and Related Products effective from 1st February 2026
On the recommendations of the GST Council, the Central Government has issued Notification No. 19/2025–Central Tax (Rate) dated 31st December,
