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The Rs 40,000-crore corrugated packaging industry, dominated by MSMEs, has raised concerns over the GST structure effective from September 2025, under which the tax on kraft paper was increased to 18 percent while the levy on finished corrugated boxes was reduced to 5 percent.
When Mr Marathikyathanahalli, a retired teacher from Mysore, deposited Rs 1.33 crore in cash into his bank account, it triggered the red flag risk management strategy (RMS) established by the Central Board of Direct Taxes (CBDT).
DGFT issued Trade Notice 16/2026-27 dated 06.08.2026 regarding Inclusion of eligible DPIIT-Recognized Start-ups under “Source from India” on the Trade Connect ePlatform
CBIC issued Notification no. 20/2026-Customs (ADD) dated 05.08.2026 Seeking to continue anti dumping duty on imports of “Phthalic Anhydride” originating in or exported from China PR and Korea RP for a further period of 5 years pursuant to sunset review by DGTR.
Central Board of Indirect Taxes and Customs (CBIC) issued Circular no. 35/2026-Customs dated 06.08.2026 regarding SOP for clearance of imported goods
The Hon’ble Allahabad High Court in Wilh Loesch India Pvt. Ltd. quashed the appellate order dismissing the appeal solely on the ground of limitation, without entering into the merits, and held that once the Assessee discloses the actual date of communication of the adjudication order
Renewable energy developers have urged the government to reduce the goods and services (GST) tax on standalone utility-scale or containerised battery energy storage systems (BESS) to 5 per cent
The increase in monetary thresholds for filing tax dispute appeals at ITAT, high courts, and the Supreme Court has led to about ₹16,690 crore reduction in disputed tax demand, Parliament was informed on Monday.
The income tax department’s NUDGE campaign has resulted in 1.25 crore taxpayers filing updated or revised ITRs with payment of ₹9,494 crore in additional taxes over the past 2 years, Minister of State for Finance Pankaj Chaudhary said on Monday.
