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GST OFFICERS
GST officers must prove intent to evade tax before invoking fraud provision: CBICGST officers cannot invoke fraud, wilful misstatement or suppression provisions merely because tax has not been paid or a discrepancy is fo...
Crude oil is the key to bringing FII money back to Dalal Street: Equirus AMC’s Ashutosh TiwariForeign investors may return to Indian equities only if crude oil prices cool, according to Ashutosh Tiwari, managing director and chief in...
Tata Motors expects double-digit growth for CV industry in FY27In the financial year 2026, India's commercial vehicle sales crossed the one-million mark with a 12.6 per cent rise to 10.80 lakh units. Al...
PLFS set for fresh overhaul, govt seeks public & expert opinion on upcoming new thingsThe National Statistics Office (NSO), which has conducted the PLFS since 2017, plans to introduce the modifications from January 2027, when...
GST reforms from November 1 to simplify e-commerce seller registration, fast-track refundsStarting November 1, the government plans to simplify GST registration for small e-commerce sellers. These reforms intend to reduce complia...
India Inc eyes a festive boom, but the bottom line holds a twistFestive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increa...
Car registrations plunge 22% this Navratri despite strong deliveriesThe fall largely reflects a high base. Last year's Navratri coincided with the rollout of GST 2.0, after sales had come to a standstill for...
Navratri shoppers splurge on clothes, appliances as gadgets get pricierSales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales s...
Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...
Want to become a financial adviser? Best financial planning courses and institutes in India explainedThe career change of Sumit Aggarwal to a mutual fund distributor illustrates a notable trend within the financial advisory realm in India. ...
Tamil Nadu adopts new GST checks to ease goods movementTamil Nadu has introduced 'flying squads' for goods-in-transit checks, enhancing intelligence-led inspections while maintaining vehicle int...
GST 2.0: How next phase of reforms can simplify compliance and unlock growth for MSMEsThe success of next-generation GST reforms will ultimately be measured on the basis of their ability to lower compliance costs, enhance ref...
GST reforms aim to boost compliance by removing fear, widening tax baseRate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A bus...
GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek ChaturvediVivek Chaturvedi, Chairman of CBIC, emphasized the importance of reducing compliance burdens for GST taxpayers. During a recent meeting, va...
Centre & states to draft rules for existing arrest cases under GSTThe Centre will collaborate with states to create standard procedures for handling arrest cases. Starting April 1, 2027, an invoice managem...
GST officers will soon be allowed to stop vehicles for inspection only at origin & destination statesNew regulations will allow GST officers to halt vehicles carrying high-value goods only at their origin and destination. Prior authorizatio...
GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue officialDuring the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to i...
GST registration changes to get automatic approval for business name, additional address updatesThe government has simplified the procedure for amending GST registration details for businesses in India. Changes to legal names, constitu...
GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agendaThe GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...
Proposal to scrap GST officers' arrest powers based on 'trust'; states likely to back move: SourcesThe 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, wil...