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The introduction of the goods and services tax (GST) in 2017 established a common national framework for indirect taxation. Next-Gen GST carries that effort forward, drawing on nine years of implementation and the experience of taxpayers and states.
Businesses should engage constructively with the government as well as regulators and avoid turning every disagreement into litigation, Finance Minister Nirmala Sitharaman said on Tuesday, calling for greater trust, predictability and transparency among the parties.
The policy provides financial and administrative support to companies establishing Global Capability Centres in Uttar Pradesh
The Preventive Wing of the Central Goods and Services Tax (CGST) Commissionerate, Shimla, has uncovered an alleged GST fraud involving input tax credit of around ₹5.55 crore in the Kala Amb industrial area of Sirmaur district.
GST officers have arrested a partner of a firm engaged in trading of iron and steel goods for fraudulently availing input tax credit of over Rs 15.78 crore.
The September 30, 2026 deadline for filing tax audit reports for assessment year (AY) 2026-27 is fast approaching, but the government has not announced any extension so far.
The Union government has moved the Supreme Court against a Punjab and Haryana High Court ruling that declared Section 147A of the Income Tax Act unconstitutional, a decision that has raised questions over the validity of reassessment proceedings conducted by jurisdictional tax officers.
Tax officer imposed a 200% penalty of Rs. 4.85 lakh, but ITAT cut it to Rs. 1.21 lakh.
Keeping track of provident fund and pension-related announcements could become easier for millions of EPFO subscribers, with the Employees’ Provident Fund Organisation (EPFO) launching an official WhatsApp channel.
The Superintendent of Central GST, Mohit Pratap Singh, was caught while allegedly accepting a bribe of Rs 8 lakh through a mediator, the Lokayukta said.