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PROVISIONAL REFUNDS
GST reforms: What changes in compliance, input tax credit, refunds and litigation from 2027The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To curb cascading tax, ease working ca...
GST Council bets on faster refunds, lower penalties to ease business burdenThe 57th GST Council meeting has introduced measures to simplify compliance and expedite refunds for businesses. Recommendations include in...
Ozone Urbana MD S Vasudevan remanded in ED custody in Rs 927-cr fraud caseS Vasudevan, chairman of Ozone Urbana Infra Developers, was arrested for alleged money laundering activities. The Enforcement Directorate c...
India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in AugustIndia’s gross GST revenue rose 14.8% year-on-year to Rs 1.99 lakh crore in August 2026, up from Rs 1.74 lakh crore a year earlier. However,...
NTA says answer key challenge designed to be fair to all students, rejects 'expensive' chargeThe National Testing Agency has defended its answer key challenge system. It stated the process is fair for all students taking exams. The ...
CSIR UGC NET June 2026 answer key out: How to check, direct link, objection window, fee and steps to challengeNTA has released the UGC NET June 2026 provisional answer key. Candidates can submit objections against the official answers until August 1...
NTA to release UGC-NET, CSIR-NET, ICAR answer keys tomorrow, August 16: Check download steps, direct link and moreThe NTA will release the provisional answer keys for UGC-NET, CSIR-NET, ICAR AIEEA (PG) and AICE (PhD) 2026 on August 16. Candidates can ac...
GST leaks need plugging as fake invoices surge and exporters face liquidity strainIndia's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap sector. This pract...
CBIC allows 90% provisional refund for IDS claimsThe CBIC has mandated a 90% provisional refund for inverted duty structure (IDS) claims filed from October 1, 2025, to alleviate working ca...
Exporters to get 90% upfront refund only after GST law changeTo operationalize the GST Council's decision for 90% upfront refunds to exporters, a legal amendment is needed. The current GST Act lacks p...
Pharma companies cheer lower drug prices, API tax gap stirs worryGoods and Services Tax reforms are expected to reduce medicine prices in India. Experts say this will benefit patients and businesses. Howe...
GST Council approves faster export refunds for claims below ₹1,000The measures will improve the liquidity condition of exporters amid the US imposing 50% tariffs on India. The US decision would impact arou...
GST 2.0 with two-slab structure to roll out from September 22India's GST framework is undergoing a significant overhaul, set to begin on September 22nd, simplifying the existing four slabs into a two-...
India's net direct tax kitty at Rs 19.58 lakh cr, exceeds revised estimates by Rs 13k crIndia's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs...
Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 croreThe centre mopped up Rs 16.61 lakh crore as direct tax, net of refunds, marking a growth of 17.63%, provisional data released on Monday sai...
Government sets 5-day timeline for 80% service tax refundSeeking to fast-track service tax refund to exporters, CBEC fixed a timeline for 80 per cent payment of the total amount claimed.
- SBI, NTPC, LIC, other PSUs gain most from tax refunds
The government paid out Rs 69,000 crore as income tax refunds by end November this fiscal, against Rs 75,000 crore in the whole of 2010-11 ...