GST
Advisory to file pending returns before expiry of three years
Restriction on filing of GST return after the expiry of three years will be implemented from the month of September 2025
The new GST rates and impact Heavy industries
The new GST rates and slabs will have a wide-scale impact on the many items related to Heavy industries. It’s detailed clarifications is as follows:
In a major relief for the industry, the Centre has allowed consumer products companies to revise MRP of unsold stocks in line with new GST rates using stamping, stickers and online printing.
Auto dealers write to PM Modi, push for cess relief before GST 2.0 deadline
With less than two weeks to go for the GST 2.0 rates to take effect, the country’s apex automotive dealers’ lobby body has made a desperate appeal to Prime Minister Narendra Modi to help tide over the unaddressed issue of compensation cess.
The life insurance industry is preparing to approach the government with fresh demands after the GST Council exempted individual life and health insurance policies from tax earlier this month.
Need proactive outreach for easy transition to new GST rates: CBIC chief
With the reduced GST rates on 375 items set to be effective from September 22, Central Board of Indirect Taxes and Customs (CBIC) Chief Sanjay Kumar Agarwal has underlined the need for “proactive outreach” by tax officers to handhold trade and industry in navigating the transition smoothly.
Customs
Notification No. 53/2025-Customs (N.T.) dated 08.09.2025
CBIC issued Notification No. 53/2025-Customs (N.T.) dated 08.09.2025 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
DGFT-Public Notice No. 22/2025-26 dated 09.09.2025
DGFT issued Public Notice No. 22/2025-26 dated 09.09.2025 to make Amendments in Para 4.53 of the Handbook of Procedures, 2023
Income tax
The Income Tax Act, 2025 – Reshaping Tax Framework
The passage of the New Income Tax Act, 2025 is a landmark development towards building a streamlined, simplified tax framework aimed at enhancing transparency, equity, and economic efficiency.
Cook Earning Rs 10,000 Faces Rs 46-Crore Income Tax Notice In Madhya Pradesh
A dhaba cook from Madhya Pradesh’s Bhind district was in for a shock of his life when he received an income tax notice of Rs 46 crore, turning his life upside down.
Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice later
The Income Tax Department has issued an advisory saying that you can only file TDS and TCS correction statements for Q4 of FY 2018-19 to Q3 of FY 2023-24, until March 31, 2026.
ICAI Platform to Facilitate CA Firm Mergers, Tie-ups in Works
ICAI is working on a “strategic digital platform” that would facilitate professional networking and help thousands of accounting firms explore mergers and tie-ups to grow in size.
With just days to go before the September 15 deadline, the Income Tax Department’s portal data shows a sluggish pace in Income Tax Return (ITR) filings for FY 2024-25, even as calls for an extension grow louder.
Other tax
Can this American bill topple India’s showpiece industry?
The US-India technology corridor, long seen as a mutually beneficial partnership, is facing fresh turbulence. A new piece of legislation introduced in the US Congress, the “Halting International Relocation of Employment Act” or HIRE Act, has the potential to upend the foundational model of India’s thriving IT services industry and emerging Global Capability Centres (GCCs).
Gold worth Rs 800 crore smuggled into India from LAC over 2 years: ED
An ED investigation into a gold-smuggling racket being operated across the India-China LAC has found that more than 1,000 kg of the yellow metal worth Rs 800 crore was illegally brought to India with the alleged involvement of a Chinese, some Tibetans and locals in 2023 and 2024.
New Book
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All about Trusts and NGOs 2026
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