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CUSTOMS LAW SIMPLIFICATION
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
Budget 2026: India Inc seeks GST-style simplification in customs duty structureAs Budget 2026 discussions ramp up, Indian businesses are gearing up for transformative shifts in customs duties. They are advocating for a...
Budget should extend PLI scheme to new tech sectors, provide tax certainty: EY IndiaThe existing Production-Linked Incentive (PLI) scheme should be extended to cover new technology sectors such as AI, space, and robotics, a...
India revamps tax regime in 2025, new I-T Act to take effect from April 1India revamped its tax system in 2025, slashing Goods and Services Tax rates and increasing income tax exemptions. The focus now shifts to ...
Calibrated tariff simplification a priority for govt: Ashwini VaishnawUnion minister Ashwini Vaishnaw stated that simplifying the tariff structure is a priority for the Modi government to boost exports as a ma...
Inclusive growth key pillar of India's economic blueprint: Ashwini VaishnawUnion Minister Ashwini Vaishnaw said India will sustain a 6-8% economic growth rate with controlled inflation. He emphasized inclusive grow...
Budget FY26: Govt could cut customs duty on raw materials to boost manufacturingUnion Budget: The government could lower customs duties on raw materials for sectors like medical equipment, electronics, and footwear in t...
Need holistic new Tax Code for Vikshit Bharat: ExpertsExperts call for tax reforms before the upcoming budget. They suggest a simpler tax system with lower rates and a wider base. This aims to ...
Capital gains tax rationalisation was industry's demand, says Revenue SecyRevenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budg...
Capital gains tax rejig aims at simpler regime, says revenue secretary Sanjay MalhotraThe removal of indexation and the introduction of a lower capital gains tax rate aimed at simplification, as stated by Revenue Secretary Sa...
India’s crypto regulations can do with a HODL strategyAs the global crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delic...
Govt may look at enhanced KYC requirements for certain class of corporatesThe Indian government is considering enhancing scrutiny of certain corporates, including those with KYC requirements, to combat unscrupulou...
Tax base to be widened with stricter audits: CBIC Chief Vivek Johri"We are looking at actively using audits and scrutiny for improving compliances. We have been able to achieve a big breakthrough in return ...
RHI Magnesita's two Indian businesses merge with Orient Refractories Limited“From the material on record, the Scheme of Amalgamation appears to be fair and reasonable and is not violative of any provisions of law an...
GST reboot: A degree of comfort for India Inc, a call to help ease transitionThe tax rate for all restaurants, barring those in luxury hotels, was trimmed to 5%, without any input tax credit.
Without sops, GST set to be taxing for SEZs, tech parksOn the whole, the IT ITES industry will certainly benefit from these, along with the rest of the Indian industry. However, the draft GST la...
Tax department considering peer review before tax assessments"Further, simplification of procedures relating to payment of central taxes is a continuous process," Sinha added.
- Simplify indirect tax laws for easy tax collection: CVC
The Central Vigilance Commission today emphasised on simplification of indirect tax laws - service and excise.
- Kyoto Call: Customs rules to be simplified
Customs procedures are set to be further simplified with India acceding to the revised International Convention on the Simplification and H...
- Indian SME sector should reposition itself: CII
The CII said that the Indian small and medium enterprises (SME) sector should reposition itself to achieve compatibility with the changing ...