Page 11 - Monika Yadav

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

ITAT body raises concern over high pendency of cases at Delhi Benches

The Bar association claimed that Delhi has the "highest pendency" of cases among ITAT Benches, many involving complex legal issues and high revenue stakes

New ITR-3 Form: Relief for professionals as asset limit raised to ₹1 crore

CBDT doubles asset reporting limit to ₹1 crore under revised ITR-3 for AY 2025-26 and introduces structured capital gains rules, buyback taxation, and dropdown menus

Bouncing back: April's net GST kitty at fresh high of ₹2.09 trillion

Net receipt from FY25 transactions increases 8%

Arvind Shrivastava takes charge as revenue secretary amid policy challenges

Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary

Individual taxpayers with LTCG up to ₹1.25 lakh can use simplified ITR-1

Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2

The price of building India: Why cement remains in the 28% GST slab

Cement contributes significantly to the government exchequer not just due to its high tax rate, but also because credit availment is blocked and restricted under the statute