Shrimi Choudhary

54th GST Council meet: GoM to decide future of GST compensation cess

Relief to foreign airlines, secretaries panel on IGST

GST relief on health insurance: Council likely to take up 4 options

Expected cost to exchequer likely between Rs 650 crore and Rs 3,500 crore

GST Council meeting: E-invoice mandate may soon cover B2C transactions

The GST Council may propose a pilot project for voluntary e-invoicing in select sectors for B2C transactions

GST Council to meet on Sept 9; compensation roadmap may stretch into FY26

GST Council agenda includes tax relief for foreign airlines, and clarity on a host of items such as car seats

India's net GST mopup growth slows to 6.5% in August, shows govt data

Experts say increased refunds key factor but see robust growth ahead with start of festival season

Panel headed by V K Gupta to simplify decades-old direct tax laws

More than 90 sections seen redundant; panel in line with Budget promise of comprehensive review

New database on registration status of charities for taxation clarity

Cancellations of registration must be uploaded on I-T website by August 31

Delhi HC overturns AAR ruling on Tiger Global-Flipkart transaction

Tiger Global had sold its stake in Flipkart to Walmart during the year. It claimed exemption from capital gains tax on the sale under the DTAA

UPS no burden on future govts: Cabinet Secretary-designate Somanathan

Fiscally prudent, funded within Centre's projections, stresses pension panel head

New pension norms in the works; finance ministry to meet state govts

Approved by the Union Cabinet on Saturday, the UPS kicks in from April 1, 2025

'Domestic family offices not stopped from setting up funds in GIFT City'

The clarification comes in the wake of a recent debate on social media claiming that Indian regulators have stopped allowing local family offices to set up investment funds in its new finance hub

'Complex and expensive': Further tranches of sovereign gold bonds unlikely

The July Budget reduced the import duty on gold from 15 per cent to 6 per cent, lowering input costs for jewellers and deterring smugglers

Fema tweaks on the cards to allow FPIs to seamlessly access FDI route

This move comes in response to several requests from foreign investors seeking to simplify the reporting requirements they currently face when exceeding the 10 per cent threshold

GST rate panel for keeping current 4-slab tax structure 'for now'

Asks fitment panel to submit findings on potential impact of rate changes to Council at Sep 9 meet

Over Rs 80,000 crore worth GST notices issued for assessment year 2018-22

Alleged shortfall in tax paid, reversal of ITC among reasons

Tax dept issues 10,000 reopening notices to various entities so far

Initial data suggest undisclosed income to the tune of Rs 15,000 cr

Net direct tax collection rises 22.5% to Rs 6.93 trillion till Aug 11

At Rs 4.47 trn, personal income-tax mopup outpaced corporation tax

Senior IAS officer T V Somanathan appointed Cabinet Secretary for two years

Dipam secretary Tuhin Kanta Pandey could be the next Finance Secretary

Knitting the tax net: Special CBDT unit to spot top 5K cases of unpaid tax

As on April 1 this year, the arrears demand has increased to Rs 43 trillion, from Rs 24 trillion on April 1, 2023

No back-door entry for defaulting promoters: FM Nirmala Sitharaman

Statement comes in response to concerns over haircuts in insolvency cases