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Finance Ministry Amends FEMA Rules to Allow Bonus Shares for Foreign Shareholders in Prohibited Sectors

The Ministry of Finance has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019,...

CBIC Notifies Unchanged Tariff Values for Key Imports Including Edible Oils, Gold, Silver and Brass Scrap

The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance...

CBIC Appoints Common Adjudicating Authority for Bando India Pvt Ltd Customs Cases

The Central Board of Indirect Taxes and Customs (CBIC) has appointed a Common Adjudicating...

GSTR-1 Filing Glitches Trigger Professional Outcry; CBIC Clarifies HSN Code Requirements

Tax professionals have flagged critical issues with the GSTN portal’s latest GSTR-1 filing interface,...

FM Sitharaman Chairs 29th FSDC Meeting in Mumbai; Calls for Faster Refunds and Seamless KYC Across Financial Sector

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired the 29th meeting...

QRMP Taxpayers Can Now File Refund Applications on GST Portal: GSTN

The Goods and Service Tax Network (GSTN) has issued the advisory on system validation...

Govt. Eases SEZ Rules to Attract Investments in Semiconductors, Electronics Manufacturing

The government has introduced pioneering reforms in the Special Economic Zones (SEZ) rules to...

DIN Not Required On GST Portal Communications Already Bearing RFN: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has stated that  Document Identification...

Ministry of Steel Flags Misuse of SIMS Numbers by Importers; Seeks Action Against SEZ/EOU Units

The Ministry of Steel has raised serious concerns regarding the misuse of the Steel...

Govt to Launch New Credit Guarantee Scheme for Export-Focused MSMEs by September

In a significant move aimed at strengthening India’s export ecosystem, the Centre is gearing...

Korean Consul General and KOTRA Director Call on Chennai Customs Chief to Boost Trade Ties

Mr. Chang-nyun Kim, Consul General of the Republic of Korea in Chennai, and Mr....

T. Rabi Sankar Appointed as a part-time Member of the Sixteenth Finance Commission: FinMin 

The Ministry of Finance has notified the appointment of T. Rabi Sankar as a...

Latest articles

CBI Books GST Superintendent in Fresh FIR Over Rs. 20.40 Lakh Disproportionate Assets Case

The anti-corruption branch of the Central Bureau of Investigation (CBI) has registered a second...

CBI Officials Convicted for Illegal Arrest of IRS Officer; Court Says Action Was Malafide and Beyond Official Duty

A court at Tis Hazari Courts has convicted two officials of the Central Bureau...

GST Confiscation Notice Invalid if ‘Intent to Evade Tax’ Not Formed Within 6 Days: Gujarat High Court

The Gujarat High Court has quashed a confiscation notice issued under Section 130 of...