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BUSINESS TAX SIMPLIFICATION
GST 2026: Simpler compliance, tech-led enforcement reflect growing trust between government and industry, says Deloitte’s MS ManiDeloitte India’s MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simple...
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to IndiaGST reforms treating contract manufacturing for foreign principals as exports could boost India’s appeal as companies relocate parts of the...
Next-gen GST reforms: Single registration, easier input tax credit among key MSME demandsThe 57th GST Council meeting, now slated for October 8, 2026 (Thursday), is likely to consider several proposals aimed at easing the compli...
Silicon Valley companies discuss simpler GST, customs rules with CBICCBIC chairman Vivek Chaturvedi met a delegation led by Shefali Goradia, chairperson, Deloitte, South Asia and the Silicon Valley Tax Direct...
Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
GST Council meeting rescheduled to October 7 due to BRICS summitThe GST Council meeting has been rescheduled to October 7 due to the BRICS summit. This meeting will occur after a gap of over a year for t...
Absolute volume of business compliances remains major friction point for firms: Stakeholders to Parliamentary PanelDomestic enterprises face significant compliance burdens despite central deregulation efforts. Overlapping rules inflate operational costs ...
Biz positive on GST after 9 years; simpler compliance, lesser disputes key focus areas ahead: SurveyThe KPMG in India-FICCI GST Survey said GST has matured considerably through greater digitisation and transparency, creating a more unified...
Tax reforms to play vital role in attracting global capital to India: ExpertsIndia's economic ascent hinges on predictable and simplified tax reforms to attract global capital, according to a senior financial expert....
CAIT seeks further GST simplification, says monthly collections have risen sevenfold since rolloutTraders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...
Budget 2026: Assocham suggests tax simplification, rationalisationIndustry body Assocham has submitted its pre-Budget memorandum to the Revenue Secretary. Key proposals include tax simplification and ratio...
USIBC lauds India's GST reforms, calls it a boost for business and investment sentimentThe US-India Business Council (USIBC) has lauded India's restructured Goods and Services Tax (GST), praising Prime Minister Modi, the GST C...
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check detailsIncome Tax Bill 2025: There has been a significant reduction in the text of new Income Tax Bill 2025, in comparison to the existing Income ...
Elon Musk and Donald Trump plan for a simplified tax code: What it means for your walletElon Musk and Vivek Ramaswamy, potentially under a Trump administration, are considering simplifying the U.S. tax code, possibly implementi...
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...
Steps to make new tax regime more attractive; clear and concise capital gains tax regime expected: Tapati Ghose, DeloitteThe new tax regime may see further widening of slabs and reduction of tax rates. A clear and concise capital gains tax regime is expected t...
GSTR-9, GSTR-9C gets simplified further, submission dates extendedCBIC expects that with these changes and the extension of deadlines, all the GST taxpayers would be able to file their Annual Returns along...
GSTN chairman-led panel to consult experts to make return filing easierGoods and Services Tax Council had set up this committee on November 10 to suggest ways for simplification of the returns filing process.
Easwar committee may have far reaching implications, say expertsModi government has been attempting to act towards softening some of the tax stance. Industry trackers say that some of the recommendations...
Bad elements in tax department to be dealt with: Revenue Secretary Hasmukh AdhiaSimplification of rules and procedures and transparency through use of technology will be the topmost item of my attention in the next few ...