Monika Yadav

The GST Council is likely to consider coordinated audits for businesses with multiple state registrations to reduce duplication and ease compliance

Gross GST collections rose 14.7 per cent to Rs 2.04 trillion, while net revenue growth accelerated to around 14 per cent in the July-September quarter

Divergent court rulings on vested but unexercised ESOPs create uncertainty over whether employee payouts are taxed as salary or capital gains

The tax department has also extended the deadline for furnishing tax audit reports to October 21 from September 30, giving taxpayers more time for compliance

A valid Origin Declaration will suffice to claim concessional duty under the India-UK CETA, while Form-I may be sought only when a shipment is flagged for scrutiny

Officials and trade experts said lower tariffs alone would not lift exports unless Indian MSMEs can meet EU requirements on ESG, CBAM, certification and supply-chain standards

Commerce Minister Piyush Goyal said nine trade agreements, including the nearly concluded US pact, will expand India's preferential access to global markets

Businesses want the GST Council to allow accumulated input tax credit to pay reverse-charge liabilities, saying the cash-payment requirement blocks working capital

Sitharaman said India has proposed working groups on international taxation and transfer pricing, and revenue statistics to deepen cooperation among Brics tax administrations

The rate rejig exercise also withdrew compensation cess on most products, while retaining it on tobacco products until the outstanding compensation-cess loan and interest liabilities were discharged.

Small and medium businesses led MSME credit growth as lending became more concentrated in established industrial and trading clusters across key districts

The framework offers tax breaks and simpler rules for global family offices, investment funds and fund managers seeking to establish operations in Bhutan's Gelephu Mindfulness City

Net direct tax collections rose 13% to ₹12.12 trillion, with corporate tax and STT driving growth despite a sharp rise in refunds

The tax department has also given valuers and authorised income-tax practitioners six more months, until March 31, 2027, to complete their registration

A Bengaluru pilot will list handcrafted products made by PM Vishwakarma beneficiaries on Blinkit and offer guidance on digital onboarding, fulfilment, packaging and shipping

Experts say GST will raise the upfront cost of accepting eligible UPI payments, but registered businesses can offset the tax through input tax credit, subject to applicable rules.

Finance Minister Nirmala Sitharaman says the GST Council will discuss e-invoicing, input tax credit rules and other process reforms during its October 7 meeting

CBIC Chairman Vivek Chaturvedi says AI, machine learning and real-time analytics can lower transaction costs and help create a near-touchless customs system for businesses

India's tax system has come a long way since 1991, but simplifying GST, clearing tax disputes and improving taxpayer services remain key priorities

NSE's Ashishkumar Chauhan said demand for the IPO significantly exceeded shares available, while the anchor book was reduced from about ₹9,000 crore to over ₹6,000 crore