Centre Promotes 10 IRS (Customs & Indirect Taxes) Officers to Principal Commissioner Rank
The Central Government has promoted 10 senior officers of the Indian Revenue Service (IRS) (Customs & Indirect Taxes)to the prestigious rank of Principal Commissioner...
CBIC Notifies Promotion of IRS (Customs & Indirect Taxes) Officers to Joint Commissioner Rank for Vacancy Years 2025 and 2026
In a significant administrative development, the President of India has approved the promotion of officers belonging to the Indian Revenue Service (Customs & Indirect...
GSTN Issues Advisory & FAQ on Electronic Credit Reversal, Re-claimed Statement & RCM Liability/ITC Statement
The Goods and Service Tax Network (GSTN) has issued the advisory & FAQ on electronic credit reversal and re-claimed statement & RCM liability/Input Tax...
BCAS Seeks Extension of GSTR-9 and GSTR-9C Due Date for FY 2024–25, Citing Increased Compliance Complexity
The Bombay Chartered Accountants Society (BCAS) has submitted a detailed follow-up representation to the Union Finance Minister, the Chairperson of the Central Board of...
CAG Report Clarifies GST on Canteen Services: 5% Rate Not Mandatory, 18% with Full ITC a Valid Option
For years, businesses providing canteen services have operated under a cloud of uncertainty on the applicable GST rate. The dominant belief across industry was...
FinMin Allots Benches To Appointed Members In GSTAT
The Ministry of Finance has notified the allotment of benches to appointed members in the Goods and Service Tax Appellate Tribunal (GSTAT).All Members are...
Persistent MCA-21 V3 Portal Issues: ICSI Seeks Extension of FY 2024–25 Annual Filing DeadlinesÂ
The Institute of Company Secretaries of India (ICSI) has formally approached the Ministry of Corporate Affairs (MCA), urging an extension of the statutory deadlines...
Centre Notifies Draft Rules to Regulate Licensing of Foreign Vessels in Coastal and EXIM Trade
The Union Ministry of Ports, Shipping and Waterways has released the Draft Coastal Shipping Licensing of Foreign Vessels Rules, 2026, proposing a comprehensive regulatory...
Mumbai Customs Mandates Strict SOP for Speaking Orders in Faceless Re-Assessments
The Principal Commissioner of Customs (NS-I), Jawaharlal Nehru Custom House (JNCH), Nhava Sheva, has issued Standing Order No. 20/2025 dated 15 December 2025, prescribing...
DGFT Includes These 3 Banks to Import Gold for Domestic Consumption Till March 2026
The Directorate General of Foreign Trade (DGFT) has amended the Handbook of Procedures, 2023, to include Indian Overseas Bank, Union Bank of India and...
CAG Flags Rs. 725 Crore Revenue Loss Due to Irregular MEIS and SEIS Incentives
The Comptroller and Auditor General of India (CAG) has pulled up the Ministry of Commerce and Industry and the Customs Department for serious irregularities...
Income Tax Dept. Flags Undisclosed Foreign Assets, Urges ITR Revision by December 31
The Income Tax Department has begun sending urgent electronic communications to taxpayers, warning them to revise their Income Tax Returns (ITRs) for Assessment Year...
GST Portal Update: Smarter Credit Note Handling Introduced in IMS
The Goods and Services Tax Network (GSTN) has rolled out an Smarter Credit Note Handling functioning by upgrading to the Invoice Management System (IMS)...
DGFT Rolls Out New Import Management System for Restricted IT Hardware from 2026
The Directorate General of Foreign Trade (DGFT) has notified the procedure for implementation of Import Management System for import of restricted IT Hardware (viz....
Health Security se National Security Cess Act, 2025 Notified
The Health Security se National Security Cess Act, 2025 recieved the President's assent on 15th Dcember, 2025 and seeks to generate dedicated financial resources...
Customs Act and Customs Tariff Act Extended to India’s Continental Shelf, EEZ for Offshore Mineral Activities
The Ministry of External Affairs has formally extended the applicability of the Customs Act, 1962 and the Customs Tariff Act, 1975 to India’s continental...
GSTN Releases Consolidated FAQs Clarifying GSTR-9, GSTR-9C Filing for FY 2024-25
The Goods and Services Tax Network (GSTN) has issued a comprehensive set of consolidated Frequently Asked Questions (FAQs) to address persistent doubts and practical...
CGST Indore Decentralises GST Registration Processing; Range Offices to Handle New Applications from November 2025
In a significant administrative reform aimed at improving efficiency, transparency, and taxpayer convenience, the Central Goods and Services Tax (CGST) Indore Commissionerate has announced...
GST Rate Rationalisation May Cost States Nearly Rs. 47,700 Crore Annually
The Union Government has informed Parliament that Goods and Services Tax (GST) rate rationalisation could result in a substantial net revenue loss to States,...
AI Accountability Bill 2025
The Artificial Intelligence (Ethics and Accountability) Bill, 2025 was introduced in the Lok Sabha by Smt. Bharti Pardhi, MP. The proposed legislation seeks to...
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