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CENTRAL GOODS AND SERVICES TAX DEPARTMENT
I-T unearths Rs 1.29 lakh cr foreign remittancesThe tax probe has found that a substantial portion of the money moved to a handful of overseas destinations. Singapore, the UAE, Hong Kong,...- SC rejects GST department review plea, telecom firms get relief on tower tax creditThe Supreme Court rejected a review petition from the GST Department. This decision confirms telecom towers are movable property for tax cr...
- Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
- Assam Cabinet clears 8 new co-districts, youth welfare department, new labour rulesAssam Cabinet meeting has approved operationalization of 8 new Co-Districts with its head quarter at a central location, to be identified b...
- Income Tax Department launches nationwide verification of suspicious foreign remittancesThe Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several ent...
- Govt organises awareness session on EU CBAM for exportersIndian exporters received an awareness session on the EU's Carbon Border Adjustment Mechanism regulations. This mechanism, effective Januar...
- I-T department officials discuss roadmap for improving services for taxpayersSenior Income Tax officials met in Jaipur for a two-day conclave. They discussed improving taxpayer services and reducing litigation for th...
- No UPS pension for retirees of this state government; employee body writes to Nirmala Sitharaman, seeks interventionRetired employees and teachers from the Delhi government are anxiously waiting for their pensions under the Unified Pension Scheme. The All...
- ITR filing 2026: How freelancers and F&O traders should declare their incomeEarning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...
- Finance ministry asks ministries to move from WPI to PPI in future contractsThe finance ministry has asked ministries and departments to adopt the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI...
- US retail sales unexpectedly fall in JulyJuly saw a surprising dip in US retail sales, reversing the trend of recent strong performances. The earlier surge in consumer spending, fu...
- Got Income Tax notice asking you to pay Rs 6,000 in tax? Check this warning from government’s fact check teamAttention taxpayers: a fraudulent Income Tax notice demanding a payment of Rs 6,000 has been detected online. The Fact Check team from the ...
- FinMin asks govt entities against setting high turnover, payroll criteria in GeM consultancy tendersThe Finance Ministry has advised central government entities against strict turnover and payroll criteria. These requirements on the GeM po...
- Debt grows slower than GDP, CAG says; revenue lapses persistGovernment debt servicing remains positive, with loan accumulation below GDP expansion. However, irregularities worth ₹603 crore were found...
- Maharashtra clears Rs 5.47 crore expenditure for IT projects and servicesMaharashtra government approved over Rs 5 crore for IT projects and cybersecurity services. This includes cybersecurity audits for ten gove...
- Government approves introduction of one billion polymer banknotes of Rs 10 and 20The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressur...
- Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...
- Parlimentary panel asks revenue dept to conduct 'ground reality' check on physical check-postsIn a recent development, a parliamentary committee has pressed the revenue department to assess the impact of unauthorized check-posts that...
- Britannia sales rise as cost woes persistBritannia Industries said consumer demand strengthened in the June quarter, helping revenue rise 9.5% and profit nearly 14% year-on-year. H...
- CBIC directs CGST zones to track illegal mining, curb tax evasionCentral tax authorities are taking proactive measures by partnering with state mining departments to address the issue of illegal mineral e...
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