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INDIRECT TAX DEPARTMENT
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...- All bets are off as SC’s GST ruling squeezes RMG companiesThe GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier Le...
- Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
- US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
- High Court says no to 'coercive action' against IndiGoThe Delhi High Court has stopped the GST department from taking action against IndiGo's parent company. This is regarding a ₹458 crore GST ...
- These large- and mid-cap stocks can give more than 25% return in 1 year, according to analystsFor the next few weeks, what needs to be watched is market breadth. And also look at which sectors are leading the rally. Why? Because, at ...
- Tax vs Customs: Why MNCs face a growing valuation and compliance battleMNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance ris...
- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- India, Kenya discuss possibility of trade settlement in local currenciesIndia and Kenya are exploring trade settlements in their own currencies. Discussions also covered digital payment systems like UPI. A joint...
- Sunetra Pawar gets relief as ITAT scraps Rs 32.14 crore tax addition against Ajit Pawar, calls evidence linking ‘DD’ to leader insufficientThe Income Tax Appellate Tribunal has cancelled tax proceedings against Sunetra Ajit Pawar. A Rs 32.14 crore addition treated as unexplaine...
- Finance ministry may review MOOWR benefits for battery storage importsThe Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised conce...
- Direct vs indirect taxes: Key differences and how they impact taxpayers and prices in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
- Top 10 winners get Rs 10,000 each: Income Tax Dept organises quiz on Income Tax Act, 2025 with cash prizesThe Income Tax Department is hosting a quiz on the new Income Tax Act, 2025. This initiative aims to boost citizen awareness of the taxatio...
- Income tax department searches Apple supplier Flex premises in ChennaiIncome tax officials have visited the Chennai factory as part of the inquiry, the source said, adding that Flex has yet to be informed abou...
- Refund money to Swiggy even if investigations are ongoing: Karnataka HC tells indirect tax departmentCourt said money collected through 'coercion' should be refunded, ruling set to help several other companies
- Government’s digital bet is helping taxman zero in on GST fraudThe government in last few years has created data centres that were looking at several trends and red flags in the data thrown up by Goods ...
- MNC Arms denied GST sops as indirect tax department deems them intermediariesThe tax department has now taken a stand that these companies aren’t exporters and hence they cannot get the GST refunds.
- Tax department cannot block import export code (IEC): Bombay High CourtThe court was hearing a matter where the indirect tax department after investigations found that an exporter was using fake input tax credi...
- Exporters under the scanner for claiming tax benefits twiceAccording to the notices, the anomaly came to light during an audit conducted by the tax authorities. The tax department claimed that these...
- TARC to look into amalgamation of Direct & Indirect Tax DepartmentsThe Tax Administration Reform Commission, set up by the Finance Ministry will soon look into amalgamation of Direct Tax and Indirect Tax De...
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