India revamped its tax system in 2025, slashing Goods and Services Tax rates and increasing income tax exemptions. The focus now shifts to ...

Union minister Ashwini Vaishnaw stated that simplifying the tariff structure is a priority for the Modi government to boost exports as a ma...

Union Minister Ashwini Vaishnaw said India will sustain a 6-8% economic growth rate with controlled inflation. He emphasized inclusive grow...

Union Budget: The government could lower customs duties on raw materials for sectors like medical equipment, electronics, and footwear in t...

Experts call for tax reforms before the upcoming budget. They suggest a simpler tax system with lower rates and a wider base. This aims to ...

Revenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budg...

The removal of indexation and the introduction of a lower capital gains tax rate aimed at simplification, as stated by Revenue Secretary Sa...

As the global crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delic...

The Indian government is considering enhancing scrutiny of certain corporates, including those with KYC requirements, to combat unscrupulou...

"We are looking at actively using audits and scrutiny for improving compliances. We have been able to achieve a big breakthrough in return ...

“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...

The tax rate for all restaurants, barring those in luxury hotels, was trimmed to 5%, without any input tax credit.

On the whole, the IT ITES industry will certainly benefit from these, along with the rest of the Indian industry. However, the draft GST la...

"Further, simplification of procedures relating to payment of central taxes is a continuous process," Sinha added.

The Central Vigilance Commission today emphasised on simplification of indirect tax laws - service and excise.

Customs procedures are set to be further simplified with India acceding to the revised International Convention on the Simplification and H...

The CII said that the Indian small and medium enterprises (SME) sector should reposition itself to achieve compatibility with the changing ...