Monika Yadav

CBDT pushes banks, MFs to file error-free transactions by May 31

CBDT has asked banks, mutual funds and other reporting entities to ensure timely and error-free filing of Statements of Financial Transactions

FinMin, states in talks for simpler GST norms for qcom dark stores

The Finance Ministry is discussing with states possible simplification of GST registration norms for dark stores and warehouses amid rapid quick commerce expansion

Fisme to Siam: Share rising input cost burden with MSME vendors

FISME has asked SIAM and automobile OEMs to help MSME auto component suppliers absorb rising wage, energy and raw material costs linked to the West Asia crisis

Govt likely to restrict manual edits in GSTR-3B returns under GST push

The proposed move aims to reduce GST mismatches and tighten compliance by limiting manual changes in GSTR-3B once returns are auto-populated

Govt hikes tariff on precious metals to shield foreign exchange reserves

Gold, silver duties more than double to 15%, & 15.4% for platinum

E-way bill generation rises 12% in April to fourth-highest level

E-way bill generation under the GST regime rose 12 per cent year-on-year in April, signalling sustained momentum in goods movement and economic activity

GSTAT braces for rush in appeals ahead of June 30 filing deadline

Finance Ministry officials expect a surge in GSTAT appeal filings before the June 30 deadline as taxpayers defer cases over pre-deposit concerns

Gujarat HC ruling on ITC denial raises compliance burden for businesses

Gujarat High Court upholds ITC denial for supplier defaults, increasing compliance costs and working capital pressure for businesses across multi-layered supply chains

Net direct tax mopup rose 5.12% in FY26 but fell short of RE: CBDT data

Net direct tax collections rose 5.12% in FY26, missing revised estimates as non-corporate tax growth remained flat despite robust corporate tax collections

ED attachments up 170% to ₹81k cr in FY26; ₹63,142 cr returned to victims

The ED has a conviction rate of 94 per cent and is confident that out of more than 2,400 cases now pending before trial courts

Net, gross GST collections touched new highs in April: Govt data

Growth led by import-linked incentives, surge in March-end filings

IBC-tax law mismatch clouds loss carry-forward benefits: Experts

Under the Insolvency and Bankruptcy Code (IBC), financially stressed companies can be taken over by new owners through a resolution process

FDI inflows set to top $90 billion in FY26, says DPIIT secretary

India's FDI inflows are set to cross $90 billion in FY26, driven by reforms, FTAs, and rising global investor confidence across key sectors

Cars, ACs cheaper but food prices inched up after GST cuts: Bank of Baroda

GST rate cuts have sharply lowered prices of cars and appliances, but rising input costs have limited relief for food and personal care items, Bank of Baroda analysis shows

Mismatch between IBC and tax law clouds loss carry-forward benefits

A growing mismatch between insolvency and tax laws is raising uncertainty for companies, with tax authorities denying loss carry-forward benefits despite approved resolution plans

Visiting Canada next month to speed up Cepa talks, says Piyush Goyal

India has already concluded nine FTAs that provide preferential access to nearly two-thirds of the global economy and global trade, covering 38 developed and prosperous countries

CBIC allows duty drawback on re-export of SEZ goods cleared to DTA

Tax body clarifies that SEZ goods cleared to DTA and re-exported will qualify as imports for duty drawback, aiming to ensure uniformity and reduce disputes

Lower GST on insecticides can boost access, cut disease risk: EY-HICA

Reducing GST on household insecticides to 5% can improve affordability, widen rural access, and help curb mosquito-borne diseases, says a joint EY India-HICA report

Bombay HC grants RoDTEP relief to sugar firms, flags litigation chaos

The Bombay High Court allowed RoDTEP benefits to sugar exporters and flagged inconsistent litigation by the Centre, calling for a National Litigation Policy to ensure uniformity

Broader 'export incentives' definition in ITA 2025 prompts CBDT clarity

Experts warn wider wording in new income-tax law could expand tax scope to indirect benefits, urging CBDT to clarify and prevent disputes for exporters