Income tax Bill 2025 as passed by LS
Income Tax Bill, 2025 as passed by Lok Sabha – Bill No. 104C of 2025
Payer can recover GST loss from supplier who failed to remit tax, rules Madras HC
The Madras High Court has ruled that GST authorities are not responsible for taking action under Section 76 of the Goods and Services Tax Act, 2017, against a person who allegedly collects tax for the supply of goods from another person but fails to pay it to the government, if the collection of tax was not brought to their notice.
Some companies misuse duty-free import scheme: GTRI calls it ‘licence to loot’
The duty free import authorization (DFIA) scheme, aimed at cutting input costs for exporters, is being misused by some companies, and it has turned into a “licence to loot” owing to a mix of vague policy definitions, lax enforcement, and judicial interpretations, economic think tank GTRI said on Sunday.
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Book: GST Manual (Act and Rules)
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