SC Rules 2002 CST Amendment Applies Prospectively, Preserving Tax Exemptions
On 12 February 2025, the Supreme Court of India delivered a significant ruling concerning the application of the 2002 CST amendment to Section 8(5)...
JPC Report on Waqf Bill Sparks Chaos in Parliament
Massive Disruptions Over the JPC Report
Both Houses of Parliament witnessed uproar on Thursday over the tabling of the Joint Parliamentary Committee (JPC) report on...
CBIC Directs GST Relief on Interest and Penalties for Businesses
CBIC Issues Fresh Instructions on GST Relief
CBIC has instructed tax officers to grant relief on GST interest and penalties for businesses that have paid...
Income Tax Bill 2025: ‘Tax Year’ Concept & Simplified Rules
Introduction
The Income Tax Bill 2025 brings a major transformation in India's tax system. Aimed at making tax laws more accessible and efficient, the bill...
Government Intensifies Crackdown as GST Evasion Surpasses ₹2.30 Lakh Crore in 2023-24 Financial Year
For the financial year 2023-24, CGST officials identified ₹2.30 lakh crore in GST evasion across 20,582 cases. As a result of these investigations, authorities...