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GST LAW CHANGES
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...- GST Council likely to align export definition with forex earnings, clarify on overseas branch servicesThe GST Council is expected to review a proposal to redefine the definition of export for services. This proposal aims to remove ambiguitie...
- GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...
- GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payoutThe upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key sugges...
- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- Ease of biz relief in store for small ecomm sellersThe Goods and Services Tax Council meeting is set to discuss proposals benefitting small ecommerce sellers. If approved, these sellers coul...
- AI compute financing needs bankable contracts, lender exit rules: industryThey highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaA...
- GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
- GST Council to take view on 18% levy on UPI merchant fees: ReportThe GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 perce...
- Modinomics at 76: The birthday cake, the candles and the numbersPM Narendra Modi turns 76 as he completes nearly 12 years in office, a period that has reshaped India’s economic landscape through infrastr...
- Decoding MDR’s impact; EV bikes’ policy change sparks debateHappy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.
- No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
- PM Modi urges auto industry innovation for Viksit Bharat; pushes for EV accelerationPrime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun Kapoor stressed accelerating the el...
- India's economy shatters a 35-year barrier to enter A-rated clubIndian Economy: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign credit rating from BBB+ to A-, restoring an A rating for I...
- Bihar Industrial Investment Promotion Policy 2025 is the finest in the country: Shreyasi SinghBihar's industries minister Shreyasi Singh is working to change the state's negative perception. She detailed policies designed to attract ...
- New mines law seeks to bring tax uniformityA new Mines and Minerals Act, 2026, aims to standardize mining taxation across India. This legislation seeks to bring uniformity and predic...
- Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explainsThe number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, s...
- Tax Bill 2026 clears tax hurdles for electronics manufacturing and boosts India's global supply chain competitivenessThe Taxation and Other Laws (Amendment) Bill 2026 is a transformative measure aimed at boosting global electronics supply chains. By elimin...
- Highways ministry working to reduce road accident fatalities to zero: Nitin GadkariIndia aims to achieve zero road fatalities by targeting 100 high-accident districts. The government plans to halve road accidents and death...
- CBIC readies rules to facilitate filing of multi-state GST appealsThe Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple s...
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