The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, actively took part in the Special Campaign 4.0 for Disposal of Pending Matters across India. This government-led initiative,…
GST Council Considers Tax Relief on Life and Health Insurance Premiums
In an upcoming 55th GST Council meeting in December, the GST Council may consider a significant proposal to reduce GST rates on life and health insurance premiums. The meeting will…
GST Fraud in India: Rising Cases of Complex Scams and Evasion
In recent years, India has seen a significant rise in GST fraud, with increasingly sophisticated scams involving fake firms, identity theft, and complex billing schemes. The Directorate General of GST…
Understanding GST Revenue Trends and Economic Implications in India
The Goods and Services Tax (GST) revenue trends in India this financial year have been inconsistent, despite recording some of the highest monthly collections to date. While certain months have…
Relief for Power Consumers in UP: No GST on Disconnection and 16 Other Power Services
In a significant change for power consumers in Uttar Pradesh, U.P. Power Corporation Limited (UPPCL) has introduced new guidelines that align with the Union finance ministry’s directives to exempt 17…
Khandsari Industry Seeks Support Amidst Export Restrictions Debate
Producers in the Khandsari sugar industry are rallying for government support to counter calls for export restrictions made by the Indian Sugar and Bio-Energy Manufacturers Association (ISMA). The Bhartiya Heritage…
October Festivities Fuel Economic Growth: Manufacturing Rebounds, Tax Collections Surge
The festival season brought a boost to India's economy in October, driving manufacturing, tax collections, and digital transactions. Data released over the past week shows an optimistic start to the…
Airlines Face Tightened GST Norms Amid Scrutiny Over Unpaid Tax on Cancelled Tickets
The government has escalated GST compliance requirements for airlines, particularly for unpaid GST on last-minute cancellations. Airlines must now share daily passenger data, allowing tax authorities to reconcile bookings with…
Provisional Attachment Under Section 83 Valid When Necessary to Protect Revenue Interest, Rules Delhi High Court
The Hon'ble Delhi High Court, in JV Creatives (P.) Ltd. v. Principal Additional Director General, DGGI, Gurugram Zonal Unit [W.P. (C) No. 10042 of 2024, dated July 23, 2024], upheld…
CBIC Issues Guidelines for Customs on Maintaining Ease of Doing Business in Tax Evasion Investigations
The Central Board of Indirect Taxes and Customs (CBIC), through Instruction No. 27/2024-Customs, has set out guidelines to streamline Customs field investigations into tax evasion cases related to imports and…