8th Pay Commission Fitment Factor – 2026 Update
The discussion around the 8th Pay Commission has once again brought the term “fitment factor” into focus. For central government employees and pensioners, this...
Locking of GSTR 3B Return Under GST: What It Means, Why It Happens and Its Impact on Taxpayers
The Goods and Services Tax (GST) framework has undergone several procedural upgrades to ensure greater accuracy, transparency, and compliance. One such important mechanism introduced...
Decoding GSTR-9: The Ultimate ITC Reporting Matrix for Annual Returns
As any GST practitioner will admit, the real complexity of GST compliance does not lie in monthly GSTR-3B filings, but in accurately mapping the...
How to file nil gst return – easy 5 steps guide by experts
A Nil GST Return is required to be filed when a registered taxpayer has no sales, no purchases, no tax liability and no ITC...
What if you intentionally do not show all tax invoices during GST filing?
Short answer: Intentionally hiding or omitting tax invoices from your GST filings is high-risk. It can trigger demands for unpaid tax plus interest, heavy...
If I paid GST on RCM for FY24-25 in GSTR3B of FY25-26. Should this liability and ITC of RCM be reported in GSTR 9...
The Goods and Service Tax Network (GSTN) has issued the Frequently Asked Questions (FAQs) and answered the question if I paid GST on RCM...
Customs Cleanup to Be FM’s ‘Next Big Assignment’ Ahead of Budget 2026: Sitharaman at HTLS 2025
Finance Minister Nirmala Sitharaman on Saturday announced that an extensive overhaul of India’s customs ecosystem is imminent, declaring it her “next major cleaning-up assignment”...
Crypto Tools Powering Smuggling Networks: DRI Flags Surge in Stablecoin-Funded Gold and Drug Trafficking
India’s premier anti-smuggling authority has issued a stark warning over the accelerating use of cryptocurrency and stablecoins in organised trafficking networks, calling it one...
FM Nirmala Sitharaman Rebuts Claim That GST Compensation Cess Was Used for Centre’s Debt Repayment
Union Finance Minister Nirmala Sitharaman firmly rejected allegations that the GST Compensation Cess collected by the Centre was being diverted to repay the Union...
Income Tax Refunds Face Delays; Professionals Seek Official Clarification
A growing number of taxpayers across the country are reporting prolonged delays in receiving their income tax refunds, triggering widespread anxiety and prompting repeated...
India’s Exports Bounce Back: November Sees Strong Recovery After 12% Dip in October
In a positive development for India’s external trade outlook, Union Commerce and Industry Minister Piyush Goyal announced that the country’s exports have bounced back...
Pandora’s Box for GSTAT – Risk of Reboot?
This Article pertaining to “Pandora’s Box for GSTAT - Risk of Reboot?” is written by Dr Monish Bhalla. He is a distinguished author, legal expert, and former...
Customs Brokers Licensing Examination (CBLE) 2026 — Complete Preparation Guide
The Customs Brokers Licensing Examination (CBLE), conducted annually by the National Academy of Customs, Indirect Taxes and Narcotics (NACIN), is the mandatory examination for...
President Murmu to IRS Officer Trainees: Ensure Tax Collection Is Smooth, Transparent and Citizen-Friendly
In a strong message underscoring the role of revenue administration in nation-building, President Droupadi Murmu on Tuesday urged young officers of the Indian Revenue...
LTCG Exemption on Equity Gains for Under-Construction Home: How Joint Buyers Can Claim Section 54F Benefit Over Multiple Years
A taxpayer who jointly purchased an under-construction residential property with his daughter in October 2023 has raised a common query: Can long-term capital gains...
Income Tax Dept Mandates ‘Irrevocable’ Clause in Charitable Trust Deeds or Risk Losing Tax Exemptions
The Income Tax Department has issued a fresh directive to public charitable trusts, requiring that all trust deeds clearly state that the trust is...
When Law Speaks One Language and Courts Another: A Case of Limited Application of Mind in GST SCNs
The article “When Law Speaks One Language and Courts Another: A Case of Limited Application of Mind in GST SCNs”is authored by Mr. Ashok...
Can I gift mutual funds to my wife? Know Taxability
Yes, under Indian tax law, you can freely gift mutual fund units or money to your spouse. Gifts from a “relative” (including spouse) are...
GST Transition Disrupts Footwear and Apparel Demand
Uncertainty surrounding the Goods and Services Tax (GST) rate rationalisation has slowed purchases across India’s fashion and footwear market, with several retailers reporting softer...
Former Union Secretary E.A.S. Sarma Flags Possible Tax & FCRA Violations in Alleged RSS Lobbying Deal in the US, Seeks CBDT & ED Probe
In a strongly worded letter addressed to Revenue Secretary Arvind Shrivastava, former Secretary to the Government of India, E.A.S. Sarma has urged the Ministry...
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