Implementation Of Invoice-Wise Reporting In Form GSTR-7 In GST Portal Delayed: GSTNÂ
The Goods and Service Tax Network (GSTN) has issued an advisory on deferment of invoice-wise reporting functionality in Form GSTR-7.GSTR-7 is a monthly return...
GST Relief On Milk Powder, Spices, and Tea
Consumers are benefiting from reduced tax rates on everyday essentials such as milk powder, spices, and tea, thanks to the implementation of the Goods...
CBIC Directs PSUs on Delay in Providing Records to C&AG Auditor
The Central Board of Indirect Taxes and Customs (CBIC) has directed Public sector Undertakings (PSUs) and other entities funded or controlled by the Central...
CA Urges CBIC to Intervene Over Alleged Misuse of Section 74 CGST by Delhi CGST Officers [READ LETTER]
CA Rakesh Garg has urged the Central Board of Indirect Taxes and Customs (CBIC) to intervene over alleged misuse of Section 74 CGST by...
USITC Finds Epoxy Resins from South Korea, Taiwan, and Thailand Injure U.S. Industry; Drops Probes into Chinese and Indian Imports
In a significant trade development, the U.S. International Trade Commission (USITC) has determined that imports of epoxy resins from South Korea, Taiwan, and Thailand...
GSTN Issues Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration In Sikkim
The Goods and Service Tax Network (GSTN) has issued the advisory for biometric-based aadhaar authentication and document verification for Goods and Service Tax (GST)...
India Bans Maritime Port Access to Pakistani Ships Under Merchant Shipping Act [READ OFFICIAL NOTIFICATION]
The Directorate General of Shipping (DGS), Mumbai, has issued a formal order prohibiting Pakistani ships from entering Indian ports and reciprocally banning Indian flag...
India Bans All Trade With Pakistan [READ OFFICIAL NOTIFICATION]
The Directorate General of Foreign Trade has notified the prohibition on Import or transit of all goods originating in or exported from Pakistan.The DGFT...
These Chartered Accountants Submit Key Recommendations on RBI’s Draft FEMA Trade Regulations 2025
In response to the Reserve Bank of India's (RBI) recent release of the Draft Foreign Exchange Management (Export and Import of Goods and Services)...
CBIC Notifies Grievance Redressal Mechanism For Processing Of Application For GST Registration
The Central Board of Indirect Taxes (CBIC) has notified the Grievance Redressal Mechanism for processing of application for GST registration.The instruction No. 03/2025 dated...
Govt. Boosts MSMEs With New GST Policy Reforms: QRMP Scheme and Late Fee Relief Introduced
The Indian government introduces GST reforms to support MSMEs, including the QRMP scheme and rationalized late fee caps. These changes benefit 89% of GST-registered...
CBDT Notifies Revised ITR-1 and ITR-4 for AY 2025–26: Key Changes Include LTCG Reporting, Digital Turnover Limits, and New Disclosure Norms
The Central Board of Direct Taxes (CBDT) has released the updated Income Tax Return (ITR) Forms ITR-1 (SAHAJ) and ITR-4 for the financial year...
GSTN Biometric Aadhaar Verification Goes LIVE Pan India — Slot Booking Now Open
In a landmark move aimed at tightening compliance and enhancing ease of doing business, the Goods and Services Tax Network (GSTN) has officially launched...
PM Modi Inaugurates Vizhinjam International Seaport, Placing Kerala on the Global Maritime Map
Prime Minister Narendra Modi on Thursday inaugurated the Vizhinjam International Seaport, India’s first deep-water transshipment terminal, marking a major leap in the country’s maritime...
Arvind Shrivastava Takes Charge As Revenue Secretary
Arvind Shrivastava, took charge as the Secretary, Department of Revenue, Ministry of Finance, today (01/05/2025).The Appointments Committee of the Cabinet on 18th April 2025...
Gross And Net GST revenue collections For April 2025
The Gross Goods and Services Tax (GST) collections for April 2025 reached a record Rs. 2,36,716 crore, marking a robust 12.6% increase over the...
GSTN to Mandate Phase-3 HSN Code Reporting and Table 13 Compliance from May 2025
In a continued effort to enhance transparency and streamline tax reporting, the Goods and Services Tax Network (GSTN) has announced the implementation of Phase-3...
RBI Allows Banks To Hike ATM Fees: New Charges Effective From May 2025
In a move that directly impacts everyday banking for millions, the Reserve Bank of India (RBI) has revised the charges for ATM transactions, effective...
India Imposes 20% Export Duty on All Parboiled and Certain Milled Rice Varieties Starting May 1, 2025
In a significant move aimed at regulating rice exports and ensuring domestic food security, the Ministry of Finance has imposed a 20% export duty...
Govt. Eases Import Duties on Select Rice Varieties Effective May 1, 2025
In a move aimed at facilitating trade and supporting consumer interests, the Ministry of Finance has issued Notification amending existing customs duties on various...
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