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The Tamil Nadu government has requested that the Union Finance Ministry assign officers from the Central Board of Indirect Taxes and Customs (CBIC) to the state’s Service and Analysis Wing, citing that critical job vacancies for the IT department are significantly impairing their operations. Earlier this month, the Secretary for Commercial Taxes and Registration, Shilpa […]
Prime Minister Narendra Modi recently discussed a new Goods and Services Tax (GST) system in his Independence Day speech, highlighting that this new approach will focus on benefiting everyday consumers, especially those who are less fortunate, small businesses, the middle class, and farmers. As per sources, the new two-tier GST structure of 18% and 5% […]
The GST collection in Uttar Pradesh, following a slowdown in performance, has finally signalled recovery in July, attaining ₹9,760 crore, a 7% increase over the same month in the previous fiscal year (2023), as per the latest data released by the Goods and Services Tax Network (GSTN). It is the first time in the existing […]
A fresh circular no.9/2025 has been issued by the Central Board of Direct Taxes (CBDT), altering the earlier norms on the outcomes of Permanent Account Number (PAN) becoming inoperative under Rule 114AAA of the Income-tax Rules, 1962. The tax deductors and collectors who are facing the notices for the short deduction or collection of TDS/TCS […]
To lower the Goods and Services Tax (GST) rate on employment services from 18 per cent to 5 per cent, the Indian Staffing Federation (ISF) has called on the finance ministry, claiming that the proceeds shall accelerate formal job creation and enhance competitiveness in major sectors. In a letter submitted to the minister of state […]
The draft of the Maharashtra Goods and Services Tax (Amendment) Bill, 2025, has been approved by the Maharashtra Cabinet and will be tabled in the upcoming session of the state legislature. To draw the GST of the state in line with recent changes made by the Central Government to the Central Goods and Services Tax […]
The Delhi High Court overturned an IGST demand on IndiGo’s reimported aircraft parts, acknowledging that these parts had already been subject to tax as an imported service. Taxpayer, Interglobe Aviation Ltd, was in the transportation of passengers and goods by air, sending goods for repair to Maintenance, Repair, and Overhaul (MRO) service providers outside India. […]
Delhi Chief Minister Rekha Gupta emphasises the need to simplify and improve the GST system to make it easier for everyone to understand. She believes that transforming the system to be more transparent and straightforward will help reduce harassment and ensure better compliance. CM Gupta, speaking at the third Accounting Standard Day organised by the Institute […]
To bring more businesses under GST, the West Bengal Finance Department is initiating a one-year campaign during this financial year. To increase the total tax revenue collection through GST is the main objective, commercial tax officials claim. The GST collection in FY 2024-25 grew by only 2% points more than the national average. In FY […]
