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New Delhi — Justice Sanjiv Khanna is now the 51st Chief Justice of India, following Justice DY Chandrachud’s tenure. President Droupadi Murmu administered his oath at Rashtrapati Bhavan. Justice Khanna…
Industry leaders, including CII, FICCI, and ASSOCHAM, have submitted their recommendations for India's Union Budget 2025-26. Their proposals center on lowering tax rates, simplifying compliance, supporting MSMEs, and bolstering infrastructure.…
The Centre is likely to maintain its direct tax revenue target at ₹22.07 lakh crore for FY 2024-25, as it presents the revised estimates in February 2025. Here’s a breakdown…
In a significant legal development, the Supreme Court of India has directed the liquidation of Jet Airways, marking the end of a lengthy and contentious period for the once-prominent airline.…
In a significant move to reduce tax disputes and offer relief to taxpayers, the GST Council in its 53rd meeting on June 22, 2024, recommended a waiver of interest and…
SBI Life Insurance has received a tax demand notice under Section 73 of the TNGST and CGST Act, 2017, from the Deputy Commissioner (CT) in Tamil Nadu. The order, issued…
The Goods and Services Tax (GST) is an indirect tax system launched in July 2017 to streamline taxation across India. Replacing multiple older taxes like excise duty, VAT, and service…
The GST Council meeting, expected between December 20-25 in Rajasthan, will focus on critical rate changes in insurance and goods sectors. This 55th meeting, chaired by Finance Minister Nirmala Sitharaman,…
The Supreme Court has upheld the Madras High Court decision requiring tax deduction at source (TDS) on salaries paid to nuns and priests working as teachers in church-run aided schools.…
The Goods and Services Tax Network (GSTN) has launched a new form, GST DRC-03A, to streamline tax adjustments for unpaid GST demands, allowing taxpayers to link payments made under specific…