Customs-media
DRI Seizes Narcotics worth ₹40 crore in Delhi under operation rainbow
Directorate of Revenue Intelligence (DRI) has seized nearly 9 kilograms of narcotic drugs worth approximately 40 crores rupees in New Delhi under Operation Rainbow.
Trump’s 50% tariff on India kicks in as Modi urges self-reliance
US tariffs of 50% on goods from India took effect on Wednesday as Donald Trump sought to punish Delhi for buying Russian oil and weapons.
GST-media
CBIC Cautions Against ‘Premature Speculation’ Ahead Of GST Council Decision On Rate Cut
The Central Board of Indirect Taxes and Customs on Tuesday requested people and media outlets to avoid speculations on the Goods and Services Tax rate cuts.
Edible oil sector flags working capital crunch over GST refund restrictions
As the central government is in the process of overhauling the Goods and Services Tax (GST) framework, the edible oil industry on Tuesday urged the government to lift restrictions on Input Tax Credit (ITC) imposed from 2022, stating that they are hurting the industry and causing a working capital crunch.
Buyers throng auto showrooms ahead of anticipated GST cut
Anticipating a decline in vehicle prices with the government proposing a reduction in Goods and Services Tax, for the first time this year automobile dealers are seeing a significant spurt in customer footfalls at showrooms with customers eager to recce and test drive various models, especially small cars.
Eternal, Zomato’s parent, gets over Rs 40 crore GST demand
Eternal Ltd., the parent company of Zomato, Blinkit, District and Hyperpure, has received tax demand orders from the GST authority amounting to more than Rs 40 crore.
Multiplexes want tickets up to Rs 300 in 5% tax bracket
The Multiplex Association of India (MAI) has urged the government to move cinema tickets priced up to ₹300 into the 5% GST slab
Drug, medtech companies fear GST changes may squeeze funds
The pharmaceutical and medtech industries are worried about the impending Goods and Services Tax (GST) reforms as they expect the step to impact operating costs and working capital, straining their financial health.
New GST slabs likely by September end
The Goods and Services Tax (GST) Council, is expected to introduce revised GST rate slabs around 22nd September 2025.
Income tax-media
FAQs on 30 Days’ Timeline for E-verification of Returns
The provision of search and seizure, including in the digital sphere, was already there in the Income Tax Act, 1961, said RN Parbat, Member (Legislation), Central Board of Direct Taxes, adding that this has now been explicitly stated in the new Income Tax Act, 2025.
US President Donald Trump on Monday threatened countries that impose digital taxes with “subsequent additional tariffs” on their exports to the United States. He said the penalties would remain unless such legislation was removed.
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