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 ...
‘Enforcement with empathy’: Income tax department working on rules, forms for new tax bill, says CBDT chief
The Income Tax Department is developing rules for the upcoming Income Tax Bill, 2025. CBDT Chairman, Ravi Agarwal, announced this at the 166th Income Tax ...
Reporting of foreign assets, income up in FY24: Finance minister
The finance ministry reported a significant 45% increase in foreign asset and income disclosures, with 2.3 lakh taxpayers reporting in 2023-24. Amidst reports of increased ...
