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...
CBIC Reviews Safeguard Duty on Steel Imports Amid Tariff Cuts
CBIC Examining Measures to Protect Domestic Steel Industry
The Central Board of Indirect Taxes and Customs (CBIC) is assessing the possibility of imposing safeguard duties...
Budget 2025: New Income Tax Bill to Simplify India’s Tax System
New Income Tax Bill: A Step Towards Simplification and Transparency in India’s Tax System
Finance Minister Nirmala Sitharaman, in her Budget 2025 speech, highlighted the...