- 21 Jun 2025 06:00 PM
- New
Close investigations swiftly, speed up refunds: finance minister tells tax officials
Nirmala Sitharaman wants the Central government’s indirect tax administration to ensure that ease of doing business and ease of tax compliance remain the tax administration’s guiding principle.
Read More
- 20 Jun 2025 06:17 PM
- New
India’s informal sector isn’t off the map: It’s being tracked better than ever
Recently, Indian GDP measurement came under considerable discussion in the media on account of an observation emanating from the Niti Aayog based on a projection made by the World Bank—that India has become the world’s fourth largest economy. As part of this discussion, some commentators speculated that Indian GDP is underestimated because “a very significant informal sector is not measured in the GDP." This allegation can be fairly easily dismissed.
Read More
- 19 Jun 2025 06:08 PM
- New
India’s informal sector isn’t off the map: It’s being tracked better than ever
Recently, Indian GDP measurement came under considerable discussion in the media on account of an observation emanating from the Niti Aayog based on a projection made by the World Bank—that India has become the world’s fourth largest economy. As part of this discussion, some commentators speculated that Indian GDP is underestimated because “a very significant informal sector is not measured in the GDP." This allegation can be fairly easily dismissed.
Read More
- 18 Jun 2025 05:37 PM
US-China trade war blows hot and cold for India
New Delhi: The US-China trade war is showing early signs of a realignment in global trade flows—including more Chinese exports being redirected to India, raising alarm among experts, even as India’s shipments to the US surged.
Read More
- 17 Jun 2025 06:18 PM
Cabinet secretariat to hear taxpayer, trader grievances on tax, customs
New Delhi: In a significant move aimed at enhancing citizen-centric governance and ease of doing business through better grievance redressal, the government has brought both the income tax department and customs-related matters under the purview of its central public grievance system, a government notification said on Monday.
Read More
- 17 Jun 2025 06:25 PM
“Jugaad” Taxation: Infosys GSTN’s Solution for GSTR-1 Glitch Sparks Outcry Among Taxpayers
A recent advisory from Infosys GSTN, the technology backbone of India’s Goods and Services Tax (GST) network, addressing a persistent GSTR-1 filing issue, has drawn sharp criticism and ridicule from tax professionals and businesses alike. The “solution” offered by Infosys GSTN, which involves entering dummy data to bypass a system error, has been widely slammed as a “jugaad” (makeshift solution) and a reflection of the GST portal’s ongoing technological shortcomings.
Read More
- 16 Jun 2025 06:16 PM
Nifty 50 up 5% YTD: Can it give a double-digit return this year amid favourable inflation-growth dynamics?
Despite global uncertainties, the Indian stock market gained 5% YTD, driven by domestic retail investor buying. Retail inflation fell to 2.82%, while GDP growth is projected at 6.5% for FY26, supported by strong GST collections and RBI’s dividend payout to the government.
Read More
- 16 Jun 2025 06:24 PM
SC ruling clears way for dual tax on broadcasters—consumers may pay the price
New Delhi: A recent Supreme Court ruling allowing both central and state governments to impose separate taxes on direct-to-home and cable TV services has rattled India’s broadcast sector, already reeling from shrinking margins and digital disruption.
Read More
- 14 Jun 2025 05:54 PM
GDP's dirty little secret: Why we should be tracking GVA instead
Gross domestic product (GDP) growth rate is the headline number everyone tracks to figure out how the economy is doing. It’s time we shifted focus to gross value added, or GVA, which is a more direct measure of the incomes generated in the economy. That’s because GDP numbers are affected by random decisions by the GST Council to raise tax rates or by the government to slash subsidies.
Read More
- 14 Jun 2025 05:45 PM
Sitharaman to review ease of doing business, trade and refunds with top tax officers
Finance minister Nirmala Sitharaman will meet senior officials of direct and indirect tax administrations later this month to discuss measures to improve the ease of doing business, support trade and reduce the time taken to address grievances, said a person informed about the development.
Read More