Page 10 - Monika Yadav

Why corporate guarantees have emerged as a new battleground in tax disputes

Before the introduction of GST in 2017, corporate guarantees between related parties were not considered taxable under the service tax regime, unless there was a direct consideration involved

E-way bills grow nearly 19% to 122.65 million in May, shows data

E-way bills grew by nearly 19% YoY to 122.65 million in May, reflecting a strong increase in compliance and economic activity. This was the second-highest growth rate after March's record figures

SPMCIL delivers 3.4 metric tonnes of refined gold to RBI in FY25: FM

Sitharaman added that SPMCIL also refines silver and gold received from institutions such as the Tirumala Tirupati Devasthanams and the Vaishno Devi Shrine Board

Govt eases SEZ rules to promote chips, electronics component manufacturing

Reduces min land required to set up such firms from 50 hectares to 10 hectares

GST Council's likely agenda: Intermediaries may get exporter status

"With the Law Committee's approval expected shortly, the GST Council's final decision in its next meeting could mark a turning point for India's intermediary-driven export sectors," said the official

Net GST revenue grows 20.4% to Rs 1.7 trn on import taxes: Govt data

Sequentially, there was a nearly 17 per cent drop in net GST collections compared to April 2025, which stood at Rs 2.09 trillion

India fastest-growing economy for fourth year running: FM Sitharaman

FM highlights 7.4% Q4 GDP growth driven by industry, services and agri; calls for faith in India's abilities and urges reforms to eliminate corruption and ease regulation

Govt set to relax rules under Advance Authorisation scheme for exporters

Exporters may soon be eligible for Advance Authorisation benefits even if goods are shipped before licence issue, provided the Bill of Entry is filed after the licence date

'US remittance tax, tariffs to cost India billions in lost investments'

The original version of US President Donald Trump's "One Big Beautiful Bill" included a 5 per cent excise duty on outward remittances

CBDT extends ITR filing deadline to September 15 amid major changes

CBDT extends ITR filing deadline to 15 September for AY 2025-26 citing major changes in forms, late TDS credits and system readiness, offering relief to taxpayers

IFTRT bats for GST rate rationalisation to boost green logistics push

Calls for slashing of rates to promote green mobility, single tax slab for goods transport services

Delhi HC restrains GST department from coercive action against CCI

HC grants interim relief to CCI in tax demand case, citing earlier ruling favouring regulators; GST department directed to respond by July-end

US Bill lowers remittance tax from 5% to 3.5% for non-US citizens

Govt sources say Bill will still hit remittances to India

SC rejects review plea in Safari Retreats case, upholds ITC for leasing

Supreme Court dismisses Finance Ministry's review petition in Safari Retreats ruling, reaffirming ITC eligibility for real estate used in leasing businesses

GeM to add global tendering, rate contract features on its portal

The addition of global tendering will allow international suppliers and vendors to participate in public procurement processes

SC upholds use of input tax credit for mandatory GST appeal deposit

In the context of GST, a tax credit refers to input tax credit, or ITC, which means the credit of GST paid on purchases that a business can use to offset the GST liabilities on sales

US remittance tax plan raises discrimination concerns for overseas Indians

The bill proposes the levy on all cross-border remittances made by non-citizens, including H-1B, L-1, and F-1 visa holders, as well as green card holders

Finance ministry considers 10% duty on key telecom gear amid tax disputes

Plans new product classification for items at heart of Samsung, Nokia cases

Customs department confiscates Pakistani painting routed via London

Post Pahalgam attack, India has put a ban on all imports from Pakistan, directly or through any other route

Bombay HC grants interim relief in GST dispute over development rights

Bombay High Court restrains GST authorities from acting on 18 per cent tax demand for development rights, saying TDR may qualify as sale of land exempt from GST