Amendments to SION A-290 for Metformin HCL Production; Changes in Unit of Measurement Take Immediate Effect: DGFT
The Directorate General of Foreign Trade (DGFT) has issued a Public Notice announcing amendments to the Standard Input Output Norms (SION) applicable to the...
Supreme Court Designates 4 Former High Court Judges as Senior Advocates
In a significant decision aimed at recognising judicial excellence and experience, the Supreme Court of India has designated four former Chief Justices and Judges...
SEZ Exports Double in Five Years, but 466 Units Shut Down: Govt. Tells Lok Sabha
India’s Special Economic Zones (SEZs) have posted robust growth in exports, investments and employment over the past five years, even as a significant number...
ICAI Issues Handbook on Foreign Trade Policy – Incentives, Schemes & Related FAQs
The Institute of Chartered Accountants of India (ICAI) has released the updated 2025 edition of its Handbook on Foreign Trade Policy – Incentives, Schemes...
March 31, 2026 Is the Final Cut-Off for Correcting TDS/TCS Returns for FY 2018-19 to FY 2023-24
A critical deadline is approaching for all TDS/TCS deductors across India. The date of March 31, 2026, will be the final opportunity to revise,...
ICAI Issues Clarified CPE Requirements for 2023 Onwards; Confusion Persists Over 2+2 Structured Hours
The Institute of Chartered Accountants of India (ICAI) has released a comprehensive clarification on the Continuing Professional Education (CPE) requirements applicable from 1 January...
New ITR Forms to Be Issued Before 2027-28: Govt. Clarifies in Lok Sabha
The Union Ministry of Finance has confirmed that the new Income-Tax Return (ITR) forms—designed under the recently enacted Income-tax Act, 2025—are currently under formulation...
Chennai Customs busts Gold-Smuggling Syndicate involving Airline Crew of Emirates Flight
The Chennai Customs busts Gold-Smuggling Syndicate involving Airline Crew of Emirates Flight at Chennai Airport, seized 9.46 kg Gold Worth Rs. 11.5 Crore Seized...
CBIC Grants NFSG to Over 125 IRS (C&IT) Officers: Major Cadre Progression Announced
In a significant cadre progression within the Central Board of Indirect Taxes & Customs (CBIC), the Ministry of Finance has granted Non-Functional Selection Grade...
CBDT Elevates Five Senior IRS Officers to Chief Commissioner Rank for 2025 Panel Year
The Central Board of Direct Taxes (CBDT) has announced the promotion of five senior Indian Revenue Service (IRS) officers to the prestigious grade of...
8th Central Pay Commission Formally Constituted; Recommendations Expected Within 18 Months
The Union Ministry of Finance has confirmed the formal constitution of the 8th Central Pay Commission (8th CPC), marking a key development for nearly...
ICAI Announces Applicability of New Income Tax Act, 2025 for May 2027 Exams
The Institute of Chartered Accountants of India (ICAI), through its Board of Studies (Academic), has officially announced that the newly enacted Income-tax Act, 2025...
RBI Issues Comprehensive IRACP Directions, 2025: Key Provisions That Every Banks Must Know
The Reserve Bank of India has issued the Reserve Bank of India (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025 with...
IndiGo Seeks Extension from DGCA to Respond to SCN on Flight Disruptions
InterGlobe Aviation Limited, operating India’s largest airline IndiGo, has formally requested additional time from the Directorate General of Civil Aviation (DGCA) to respond to...
New GST Auto-Suspension Rule for Bank Account Non-Updation Effective From 5 December 2025
GSTN has implemented a strict automatic suspension mechanism under amended Rule 10A of the CGST Rules. Every newly registered taxpayer must furnish their bank...
ICAI Releases Revised GST Reconciliation Guide: Major Compliance Shifts Under GST 2.0 Regime Highlighted
In a move with far-reaching implications for high-turnover businesses, multi-state entities, and tax professionals, the Institute of Chartered Accountants of India (ICAI) has issued...
Haryana Tax Dept Issues Strict Protocol for Suo-Motu GST Audit & Scrutiny Cases
The Excise & Taxation Department, Haryana has issued fresh directions to all field formations mandating a structured and justified approach before initiating any suo-motu...
DGCA Issues SCN to IndiGo Over Large-Scale Flight Disruptions, Passenger Hardship [READ NOTICE]
The Directorate General of Civil Aviation (DGCA) has issued a stern show cause notice to IndiGo Airlines after widespread disruptions across the carrier’s scheduled...
GST Annual Return Clarification: How to Report ITC Reversed in FY 2024-25 Pertaining to FY 2023-24
The Goods and Service Tax Network (GSTN) has issued the clarification that has emerged regarding the reporting of Input Tax Credit (ITC) in the...
Table 7J of GSTR-9 Not Matching Table 4C of GSTR-3B? GSTN Issues Clarification on ITC Mismatch for FY 2024–25
In a recent clarification aimed at addressing taxpayer concerns, the Goods and Services Tax Network (GSTN) has explained why many taxpayers are noticing a...
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