CBIC Withdraws Circular on ITC Reversal Procedure for Post-Sale Discounts
The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn the Circular No. 212/6/2024-GST, dated 26-06-2024 on Input Tax Credit (ITC) reversal procedure...
NFRA Launches Auditor-Audit Committee Interaction Series 4 on Audit of Impairment of Non-Financial Assets
The National Financial Reporting Authority (NFRA) has released the fourth edition in its Auditor-Audit Committee Interaction Series, titled “Audit of Accounting Estimates and Judgments...
FinMin Constitutes of RODTEP Committee 2025
The Finance Ministry has notified the constitution of Remission of Duties and Taxes on Exported Products (RODTEP) Committee 2025 to review the notified rates...
Insurers to Levy 18% GST on Agents’ Commission as ITC Withdrawal Hits Industry
Two weeks after the government announced a reduction in Goods and Services Tax (GST) on health insurance premiums from 18% to zero, insurance companies...
Provisional Sanction Of Refund Claims On The Basis Of Identification, Evaluation Of Risk By System: CBIC
The Central board of Indirect Taxes and Customs (CBIC) has enabled the provisional sanction of refund claims on the basis of identification and evaluation...
Officers Promoted To Grade Of Assistant Commissioner Of Customs & Indirect Taxes In Level 10
The President has notified the promotion of the officers to the grade of Assistant Commissioner of Customs & Indirect Taxes in Level 10 ...
Govt. Extends RoDTEP Scheme for Exporters Till March 2026
The Ministry of Commerce and Industry has announced the extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, offering continued...
RBI Eases Rules for Closure of Bills of Entry on Free of Cost and Sample Imports
In a significant move aimed at simplifying foreign trade procedures, the Reserve Bank of India (RBI) has allowed Authorised Dealer (AD) Category-I banks to...
MCA Extends Deadline for Filing DIR-3 KYC and DIR-3 KYC-WEB Without Fee till October 15, 2025
The Ministry of Corporate Affairs (MCA) has extended the deadline for filing e-form DIR-3 KYC and web-form DIR-3 KYC-WEB without payment of filing fees...
CBDT Extends Tax Audit Report Deadline Amid Portal Glitches
In a move aimed at easing the pressure on taxpayers and professionals, the Central Board of Direct Taxes (CBDT) announced on 25th September 2025...
Invoice-Wise Reporting In GSTR-7 Now Operational On GSTN Portal
The Goods and Service Tax Network (GSTN) has announced that the invoice-wise reporting in GSTR-7 has now been made operational on the GSTN portal.Vide...
GSTAT Issues Advisory on E-Filing of Appeals: Staggered Timelines, Mandatory Offline Preparation & Digital Compliance
GSTAT Issues Advisory on E-Filing of Appeals: Staggered Timelines, Mandatory Offline Preparation & Digital ComplianceThe Goods and Services Tax Appellate Tribunal (GSTAT) has released...
Modi Govt Clears Early Promotion of 2001 Batch IRS Officers, Ahead of IAS Counterparts
In a rare move breaking the long-standing convention in civil services promotions, the Modi government has approved the elevation of 20 officers from the...
Export Of Non-Basmati Rice Allowed Subject To Registration Of Contracts With APEDA: DGFT
The Directorate of Foreign Trade (DGFT) has notified that the export of non-basmati rice is allowed subject to registration of contracts with Agricultural and...
New GSTAT Rule: Appeals to Be Filed in Phases, Deadline Fixed for June 2026
The Goods and Services Tax Appellate Tribunal (GSTAT) has issued a significant directive mandating that all appeals and applications under Sections 107 and 108...
GST Communication Simplified: eOffice ‘Issue Number’ to Replace DIN in CBIC Notices
The Central Board of Indirect Taxes and Customs (CBIC) has issued a fresh clarification regarding the use of Document Identification Number (DIN) in official...
CBIC Notifies October 1 as Effective Date for Retrospective GST Amendments Overriding Safari Retreats Judgment
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification bringing into effect, from October 1, 2025, key amendments to the...
Chartered Accountants to Stage Peaceful Protest Over IT Portal Glitches and Filing Deadlines
In an unusual show of collective dissent, Chartered Accountants (CAs) are set to hold a peaceful demonstration at the Institute of Chartered Accountants of...
Dial Toll-Free Number 1915 GST Grievance Redressal On National Consumer Helpline Enabled
The Department of Consumer Affairs, GoI, enables GST grievance redressal on National Consumer Helpline (NCH) as part of Next-Gen GST Reforms 2025. Now consumers...
Pre-deposit On Penalty Only In Appeal Notified w.e.f. 01.10.2025
The Ministry of Finance has notified that the Section 128, 129 and 130 of the Finance Act, 2025 (7 of 2025) which pertains to...
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