Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...

The former Delhi Chief Minister said that a large portion of the public exchequer is spent on the loan waivers for ...

Jammu and Kashmir Bank (J&K Bank) announced on Wednesday that it has received a Goods and Services Tax (GST) notice amounting ...

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...

The FM has retained the effective tax rate of most products to the pre-budget rates by balancing through the AIDCess, notes ...

The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman ...

A GST regime with uniform rates—based on clear statistical data—within every broad category would enhance fairness, reduce litigation and also improve the ease of doing business in India.

Popcorn at the movies, second-hand cars, and even pre-packed snacks - GST in India has sparked endless debates. However, the ...

The Hindu examines the Union Budget of 2017, presented by Arun Jaitley in the midst of two major financial overhauls: after ...