Tag: tax compliance
GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek Chaturvedi
GST has emerged as a key instrument in achieving India’s goal of becoming a developed nation by 2047, but tax rate rationalisation alone is not…
GST e-invoicing may cover services imports from unregistered companies
New Delhi: An Indian company paying for overseas software, cloud storage or consulting services may soon have to report these transactions through a tighter goods…
GST Council bets on faster refunds, lower penalties to ease business burden
The 57th GST Council meeting has shifted focus from rate rationalisation to easing compliance, accelerating refunds, and reducing litigation, tax experts said, while flagging potential…
GST 2.0: Easier multi-state expansion for MSMEs, e-commerce sellers
As India enters its next wave of tax modernization, the 57th GST Council meeting marks a deliberate pivot toward a more technology-driven, trust-based, and business-friendly…
GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine biz to get relief
The GST Council is likely to consider sweeping process reforms on Wednesday to make tax compliance easier for businesses, including allowing small e-commerce sellers to…
India placed better in economy despite global challenges, says FM Sitharaman
India is in a stronger economic position despite challenges facing the world, Union Finance Minister Nirmala Sitharaman said on Wednesday, while calling for a more…
Foreign or local? Investors at lossover GIFT funds
Mumbai: Investors betting on overseas markets through GIFT City funds are in a quandary over how to report the investments in their tax returns. What…
Taxman to track slipping sectors & top tax payers
New Delhi: The Central Board of Direct Taxes (CBDT) has directed its zonal income tax heads to keep a close watch on the sectors which…
Paying tax won’t legitimise cash stashes
Builders, sticky-fingered bureaucrats, and unauthorised money changers are about to be blindsided by the taxman. Unbeknown to most, handling cash hordes has just become tougher….
Indirect tax mop-up tops FY26 target, but pan masala cess misses the mark
New Delhi: The government has marginally exceeded its indirect tax collection target for 2025–26, buoyed by steady inflows from customs, excise and GST, even as…