By: AdminDate: January 16, 2025Category: DGFT | Notification and CircularReading Time: 4 Min The Directorate General of Foreign Trade (DGFT) has issued Public Notice No. 40/2024-25, dated January 15, 2025,…
GSTN Issues Advisory on Draft GSTR-2B Generation Date for December 2024
By: AdminDate: January 14, 2025Category: GST Law | GST Portal Updates | Important NewsReading Time: 4 Minutes The Goods and Services Tax Network (GSTN) has issued Advisory No. 572 on…
Budget 2025: Real Estate Sector Seeks Industry Status, Single-Window Clearance, and Tax Reforms
By: AdminDate: January 14, 2025Category: Budget 2025-26Reading Time: 4 Minutes The real estate sector has pinned its hopes on the Union Budget 2025, seeking long-awaited industry status and various reforms…
Direct Tax Collections to Surpass Budget Estimates by ₹73,000–83,000 Crore Despite Decline in Tax Buoyancy
By: AdminDate: January 13, 2025Category: Tax NewsReading Time: 4 Minutes Net direct tax collections for FY 2024-25 are on track to exceed the budget estimate by ₹73,000–83,000 crore. This impressive…
Budget 2025: Simplified Income Tax Code Expected, But No Major Reforms
By: AdminJanuary 11, 2025Categories: Budget 2025-264 Min Read The revamped Income-Tax Act, promising simplicity and clarity, may be tabled during the Budget 2025 session. Finance Minister Nirmala Sitharaman is expected…
CBI Investigates Tax Inspector and Private Employee in Bribery Case Linked to DIT Relief Certificate
By: AdminJanuary 11, 2025Categories: CBI | News4 Min Read The Central Bureau of Investigation (CBI) has filed a case against an income tax inspector and an employee of a private…
Indian Start-ups Returning Home After Angel Tax Removal, Says DPIIT Secretary
By: AdminJanuary 11, 2025Categories: TAX News4 Min Read The decision to abolish the angel tax has encouraged many Indian start-ups to return home by relocating their headquarters to India, according…
99% of Tax Returns Accepted on Trust: Only 1% Face Scrutiny
By: AdminJanuary 11, 2025Categories: Income Tax News | News4 Min Read The Indian tax system operates on a trust-based model, with over 99% of tax returns accepted without scrutiny, according…
Biometric-Based Aadhaar Authentication and Document Verification for New GST Registration Now Available in Rajasthan
The biometric-based Aadhaar authentication and document verification system for new GST registrations, coupled with a slot booking facility, has been extended to Rajasthan. As of January 7, 2025, this initiative…
Big Relief for GST Taxpayers: Common Adjudicating Authority for Multiple Notices in Kerala
Published by: Admin | January 09, 2025 | Categories: GST Recent News | 4 Min Read Taxpayers in Kerala burdened with multiple GST show cause notices across districts can now…