GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say
The Central Board of Indirect Taxes and Customs provides clarity on Goods and Services Tax. GST will not apply to post-sale discounts offered by manufacturers ...
GST reforms 2025: Now, companies don’t need to match credit notes to invoices
The GST Council has eased compliance for businesses, particularly FMCG companies, by removing the requirement to link credit notes to specific invoices. This change addresses ...
GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22
Finance Minister Nirmala Sitharaman announced significant GST rate cuts following the 56th GST Council meeting, implementing a two-tier structure of 5% and 18% effective September ...
Next-gen GST reforms will make eco transparent: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced upcoming GST reforms aimed at creating a more open and transparent economy, reducing compliance burdens for small businesses. The proposed ...
ITR filing: What is updated income tax return and ITR-U? Who can file & what you can’t change – top points to know
Missed the ITR filing deadline Don’t worry, there is still a chance. The ITR-U lets you fix errors or report income you forgot. File within ...
ITR filing: What is updated income tax return and ITR-U? Who can file & what you can’t change – top points to know
Missed the ITR filing deadline Don’t worry, there is still a chance. The ITR-U lets you fix errors or report income you forgot. File within ...
ITR filing: What is updated income tax return and ITR-U? Who can file & what you can’t change – top points to know
Missed the ITR filing deadline Don’t worry, there is still a chance. The ITR-U lets you fix errors or report income you forgot. File within ...
GST reforms may lift deficit by 0.2% temporarily; long-term growth to cushion impact: Report
Emkay Research suggests GST restructuring may raise India’s fiscal deficit temporarily. The deficit could reach 4.6 percent in FY27. However, growth benefits should compensate within ...
GST 2.0 to treat more than rate cuts: Revamp to fix classification disputes, duty inversions- What officials say
A comprehensive GST 2.0 revamp is on the horizon, aiming to overhaul India’s indirect tax system by resolving classification conflicts and duty inversions. The proposed ...
New Income Tax Bill 2025 introduced in Parliament: What are the top Parliamentary panel suggestions being included? Check details
FM Nirmala Sitharaman tabled the revised New Income Tax Bill 2025 in Parliament. This followed the withdrawal of the original bill. The new version incorporates ...
