- 03 Apr 2025 06:23 PM
- New
Mint Quick Edit | Indian factories are bustling with orders
The manufacturing sector’s purchasing managers’ index has gone further into expansion zone, even as other indicators point to an economic pick-up. Let’s hope factors beyond Indian control don’t get in way.
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- 02 Apr 2025 06:13 PM
- New
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US job openings to Trump tariffs
Indian stock market: Gift Nifty was trading around 23,312 level, a discount of nearly 9 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
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- 02 Apr 2025 06:09 PM
- New
Net GST collection in March jumps 7.3% to ₹1.77 tn, showing success of self reliance
In FY25, GST collections jumped 8.6% after adjusting for refunds, to ₹19.56 trillion, data from GSTN, the state-owned company that processes tax returns, showed.
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- 01 Apr 2025 06:37 PM
GST kitty grows 10 pc in March to ₹1.96 lakh cr, second-highest ever
New Delhi, Apr 1 (PTI) Gross GST collection grew 9.9 per cent in March to over ₹1.96 lakh crore - the second-highest mop-up ever, government data showed on Tuesday.
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- 01 Apr 2025 06:46 PM
Representation for Extension of Section 128A GST Amnesty Scheme
Sales Tax Bar Association (STBA), Delhi, has formally requested Finance Minister Nirmala Sitharaman to extend the GST Amnesty Scheme deadline from 31st March 2025 to 30th June 2025. STBA, one of India’s oldest tax associations with around 2000 members, highlights key challenges taxpayers face in availing the scheme. These include unresolved appeals, financial burdens due to upfront full tax payments, multiple Show Cause Notices (SCNs) on identical issues, and dual notices from both Central and State tax authorities. During the Grievance Redressal Committee (GRC) meeting on 27th March 2025, various State Commissioners and industry bodies such as PHDCC, CII, ASSOCHAM, and FICCI acknowledged these difficulties. The association argues that an extension would enhance taxpayer participation, improve compliance, and contribute to increased revenue collection. STBA emphasizes that many businesses, particularly MSMEs, are still recovering from economic hardships and require additional time for fair settlement of liabilities. The request has been copied to key officials, including the Minister of State for Finance, Revenue Secretary, and members of the Central Board of Indirect Taxes and Customs (CBIC), urging their intervention for a timely extension.
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- 01 Apr 2025 06:32 PM
New financial year begins today: Check what changes for you in UPI payments, GST, income tax slabs & more from April 1
As the new financial year begins today, on April 1, 2025, we take a look at what changes for UPI payments, GST rates, income tax slabs, bank balance, TDS, LPG cylinder prices, and more.
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- 01 Apr 2025 06:41 PM
2FA Mandatory for e-Way Bill & e-Invoice from April 2025
Source: https://taxguru.in/goods-and-service-tax/2fa-mandatory-e-way-bill-e-invoice-april-2025.html
Starting April 1, 2025, the National Informatics Centre (NIC) will enforce Two-Factor Authentication (2FA) for taxpayers and transporters accessing the e-Way Bill and e-Invoice systems. This security measure requires users to authenticate their login using a one-time password (OTP) in addition to their username and password. OTPs can be received via three methods: SMS on the registered mobile number, the government-provided Sandes messaging app, or the NIC-GST-Shield app, which generates OTPs offline and refreshes them every 30 seconds. To enable 2FA, users must log in to the e-Way Bill System, navigate to the 2-Factor Authentication option, and confirm registration. Once activated, OTP authentication becomes mandatory for all logins, including sub-users under a GSTIN. The main user can create and manage sub-users, assigning specific permissions for e-waybill operations. The system also allows monitoring of sub-user activities. This implementation aims to strengthen access control and enhance security within the e-Way Bill and e-Invoice systems.
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- 31 Mar 2025 06:48 PM
‘Erroneous’: IndiGo after I-T department imposes ₹944 crore penalty; airline to challenge order
IndiGo said it will contest a ₹944.20 crore penalty from the Income Tax Department, which it called erroneous. The company also is also facing other penalties, including ₹113 crore from Delhi's GST department and ₹2.84 crore in Chennai, but with no significant impact on financial operations.
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- 31 Mar 2025 06:46 PM
New income tax norms, GST changes, UPI payment: List of new money rule changes that will affect your pocket from April 1
April 1 rule change: New income tax rule changes, credit card rule change, UPI rule change and a host of other personal finance rule changes will come into effect from April 1, 2025, which will mark the beginning of FY26.
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- 31 Mar 2025 06:50 PM
Markets with Bertie | How welfare schemes may be easing liquor regulation
India's liquor regulations have been complex for long. But GST and states' need to shore up revenue is beginning to change that
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