The GST Council has ended differing tax treatment for online delivery services, while denying input tax credit and simplifying registration for small e-commerce sellers. The Goods and Services Tax Council has moved to end one of the more confusing corners…
The industry body says proposed changes covering overseas branches, research services, refunds and input tax credit could reduce disputes and ease working-capital pressures. Nasscom has welcomed the GST Council’s latest recommendations, saying they address several long-running tax issues for India’s…
A revised UIDAI procedure separates spelling fixes, marriage-related surname updates and data-entry errors from full name changes, which now require a Gazette notification alongside supporting documents. The Unique Identification Authority of India has tightened and clarified the rules for changing…
Retailers and payments firms are urging India to delay a proposed 0.40% UPI merchant fee on eligible transactions above ₹2,000, with the launch potentially moving from October to January 2027. Retail bodies and payments firms are pressing for a delay…
The council has approved a broad enforcement reset, including a ₹10,000 floor for show-cause notices, faster refunds and a standardised process aimed at reducing disputes. India’s GST Council has approved a sweeping set of procedural changes designed to make the…
Proposed GST changes could release most eligible refunds after risk-based scrutiny and clarify export treatment for cross-border services, improving cash flow for logistics and other exporters. India’s Goods and Services Tax Council is weighing a set of changes that could…
The Calcutta High Court has dismissed the Revenue’s challenge to an Income Tax Appellate Tribunal decision, emphasising the importance of proper corroboration and adherence to natural justice in tax assessments involving suspected cash transactions. The Calcutta High Court has rejected…
India’s Reserve Bank announces a new framework requiring banks to act swiftly in identifying, notifying, and resolving suspected money mule cases, leveraging AI and strict timelines to combat fraud. India’s central bank has moved to impose a fixed process for…
The GST Council is considering significant reforms aimed at easing compliance, accelerating refunds, and expanding input tax credits, promising potential relief for businesses and lower costs for consumers. The GST Council’s latest meeting is being watched closely by businesses hoping…
The Supreme Court of India has clarified that subsidies provided to businesses to cover operating costs, such as electricity bills, are taxable revenue rather than capital support, influencing future industrial subsidy schemes. The Supreme Court of India has said electricity…
The Reserve Bank of India plans to broaden the scope of its Consolidated Account Statement by 2026, offering consumers a unified view of deposits, mutual funds, and equities, enhancing visibility and asset management. The Reserve Bank of India is preparing…
States across India are resisting a proposal to curtail GST officers’ arrest powers as the Centre pushes for a trust-based, decriminalised tax regime, potentially reshaping enforcement strategies at the upcoming GST Council meeting. States are pushing back against a proposal…
