- 25 Jun 2025 06:44 PM
- New
Cess on that fancy car may go, but prices won't budge. Here's why.
It's been eight years of compensation cess on costly cars, tobacco and fizzy beverages. The Centre is willing to end the cess in March, but it may continue in another form, this time within GST itself.
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- 24 Jun 2025 06:19 PM
- New
FM outlines measures to enhance GST registration, grievance redressal
Union Finance Minister Smt. Nirmala Sitharaman chaired the CBIC Conclave in New Delhi, emphasizing simplified GST registration, expedited grievance redressal, and improved trade facilitation. The Minister directed CBIC to focus on targeted awareness campaigns for taxpayers, especially regarding documentation for GST registration and the principal place of business, while reducing rejections and delays. Key statistics presented included a 94.3% GSTR-3B filing compliance rate, 85% refund processing within statutory timelines, and increased GST audit coverage to 88.74%. Customs zones achieved an 86% facilitation rate for cargo through the Risk Management System.
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- 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.
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- 20 Jun 2025 06:17 PM
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.
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- 19 Jun 2025 06:08 PM
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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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