The budget aims to include key sectors under GST, streamline assessment processes, and provide clarity on plant and machinery credits.

Facing challenges in liquidity, raw material availability, regulations and sustainability, industry leaders are calling for critical reform...

The Confederation of Indian Industry (CII) recommends personal income tax cuts and excise duty reduction on fuel to enhance disposable inco...

The Engineering Export Promotion Council (EEPC) in India has proposed a faceless GST audit system to enhance ease of doing business. This s...

EEPC India recommends the government to introduce faceless GST audits to help MSMEs reduce compliance costs and concentrate on growth. They...

A Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% ...

Budget 2024: India's indirect tax landscape is in need of significant changes to promote economic growth and a more business-friendly envir...

Several mergers and acquisitions (M&As) are understood to have been delayed or put on the backburner as tax experts assist companies in fig...

The CBIC is mulling a comprehensive restructuring of the organisation to make it more effective and remove overlapping, if any, as many of ...

As the GST collection turns robust — an outcome of widening tax base and plugging of leakages — this is the right time to usher in the next...

With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax payme...

New Delhi, which raised the import duty on gold recently, is not looking at any further administrative measures immediately to clamp down i...

The transition from a multi-tax ‘manual’ environment to a technology-driven, uniform and single GST framework has been an ambitious policy ...

With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country a...

The move will be along the lines of the facility for assessment of income tax and customs and is expected to make adjudication and scrutiny...

It would not be an exaggeration to term this budget as balanced and progressive insofar as it has aimed to cater to the interest of the dom...

The simplified GST filing system is expected to be approved by the Council in its next meeting. The changes were deliberated upon in its la...