Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 21, 2025
Show AI Summary
H-1B fee hike threatens Indian professionals; PM urged to address visa, ceasefire claims and GST rate changes.
The article questions whether the Prime Minister will address three operative issues: a US increase in the H 1B visa fee described as a one time charge applicable only to new petitions and impacting skilled Indian professionals; repeated US claims that trade leverage produced an India Pakistan cessation of hostilities, which India denies and says resulted from direct military talks; and the imminent implementation of revised GST rates, prompting calls for assurances to affected citizens rather than a narrow focus on tax changes.
September 21, 2025
Show AI Summary
GST rate reduction makes a wide range of goods and services cheaper and simplifies tax slabs, prompting price adjustments.
Implementation of comprehensive GST rate reductions shifts many goods and services into lower tax categories, lowers the incidence on consumers, and changes Input Tax Credit treatment for certain services. The reform consolidates multiple slabs into a predominant two-tier structure, retains higher rates and cessation for ultra luxury and tobacco products, and anticipates supplier price adjustments and directed retail compliance to pass on tax benefits.
September 21, 2025
Show AI Summary
GST reforms awareness campaign: targeted market outreach to explain rate changes and promote indigenous products during festive season.
State-directed GST reforms awareness campaign mandates district-level market outreach by ministers and elected representatives to explain rate changes, promote indigenous products, and ensure simultaneous implementation; operational steps include daily public engagement, coordination with local bodies and business associations, distribution of messaging materials, symbolic outreach to shopkeepers, and submission of seven-day action plans to the Chief Minister for execution.
September 20, 2025
Show AI Summary
Fiscal federalism at risk as central retention of GST cess is said to erode state revenue and autonomy.
Claims that central retention and redeployment of the GST compensation cess and other cesses has constrained state revenue, increased state indebtedness, and undermined Finance Commission devolution, thereby reducing state fiscal autonomy; calls for restricting cess use to compensate states and restoring transparent revenue-sharing to protect cooperative federalism.
September 20, 2025
Show AI Summary
GST consumer grievance channel established for registering revised rate complaints with multi channel access and agency data sharing.
A dedicated category on the National Consumer Helpline's INGRAM portal has been created to register GST complaints arising from revised rates, with major subcategories (automobiles, banking, consumer durables, e commerce, FMCG and others). The initiative includes CBIC-led training for counsellors, stakeholder engagement to ensure benefits are passed to consumers, multi channel and multi language registration, unique docket numbers for tracking, and sharing of complaint data with companies and authorities to enable timely action and strengthen compliance.
September 20, 2025
Show AI Summary
GST rate disparity threatens corrugated box industry viability and will likely increase costs passed to consumers.
The revised GST rate structure creates an inverted duty mismatch: lower tax on corrugated boxes versus higher tax on kraft paper and board, producing accumulated input tax credit, blocked working capital, increased compliance and interest costs, and non-recoverable input-related service taxes. Industry groups warn this threatens MSME viability, discourages investment and automation, and will prompt price increases. They request restoration of GST rate parity between boxes and paper/board, asserting such parity would not reduce revenue given predominantly business-to-business supplies with input tax credits claimed at each stage.
September 20, 2025
Show AI Summary
GST rate rationalisation makes nutritional products more affordable as companies announce price cuts ahead of the festive season.
GST rate rationalisation adopting a two rate structure is expected to lower prices for many food items, prompting ITC to announce price reductions in its food and FMCG portfolio and to pass on the benefit of reduced tax incidence to consumers. The company anticipates mixed old and new MRPs in the market during the statutory transition and has planned price changes to align with the revised rates.
September 19, 2025
Show AI Summary
GST reform: two-slab structure to boost consumption and widen the tax base, aiding households and MSMEs.
GST reform replaces four tax slabs with a two-slab structure to return liquidity to consumers and boost domestic consumption by reducing prices, increasing production and employment, and expanding the taxable base; the measure is framed to benefit low-income groups, middle-class households and MSMEs and to generate indirect tax revenue through a virtuous cycle of higher demand and broader tax participation.
September 19, 2025
Show AI Summary
GST revenue growth signals expanded tax base and enables increased funding for infrastructure and healthcare.
Arunachal Pradesh's GST collections rose substantially over six years, driven by wider digital access, streamlined registration and formalisation of small businesses that boosted registered taxpayers; increased GST revenue has been allocated to infrastructure and social-sector spending, and newly implemented GST reforms are expected to lower prices for medicines, farm machinery, handicrafts and tourism services.
September 19, 2025
Show AI Summary
GST rate reductions provide consumer relief by lowering prices and stimulating demand through simplified tax rates.
GST rate reductions announced by the Uttarakhand finance department will take effect from September 22 pursuant to central GST Council decisions and subsequent state notifications; the administrative mechanism is notification of revised tax rates on specified goods and services to lower consumer prices, raise purchasing power, and stimulate demand and trade, with stated benefits for lower and middle income groups, farmers, and traders.
September 19, 2025
Show AI Summary
GST compensation demand: states seek extended revenue protection after rate rationalisation impacts state finances period.
Telangana's Chief Minister demanded GST compensation for all states for five additional years after the GST Council's tax-rationalisation, asserting that rate reductions will adversely affect state revenues and identifying Telangana's estimated annual loss from the rationalisation as the basis for requiring Centre-funded compensation to stabilize subnational finances.
September 19, 2025
Show AI Summary
GST reforms on medicines and health insurance aim to reduce tax burden and improve affordability and access.
Reduction of GST rates and targeted exemptions lower indirect taxation on medicines, life saving drugs, diagnostic kits, medical apparatus and devices, and exempt individual health insurance policies; the measure aims to reduce the tax burden on treatments for chronic, rare and severe diseases and to improve affordability and access. The company reports recalibrating pricing and coordinating with healthcare professionals, distributors and retailers to implement the revised GST treatment and transparently pass tax benefits to end consumers.
September 19, 2025
Show AI Summary
GST rate rationalisation creates a two rate framework and may widen the formal tax net, supporting medium term revenue buoyancy.
The GST rate rationalisation implements a two rate structure of 5% and 18% effective September 22, with an estimated short term annualised net loss deemed modest relative to prior collections. Simplifying from multiple slabs is expected to broaden the formal tax base and support medium term revenue buoyancy. Revenue before revision was concentrated in the higher slab; reductions from mid tier rates are not expected to cause significant loss. Several fast growing services remain at existing rates, new services (including e commerce delivery) are taxed at the higher rate, and demand effects depend on consumer pass through and disposable income changes.
September 18, 2025
Show AI Summary
Fake GST billing: probe into iron and steel sector racket uncovers bogus invoices, arrests, and misuse of input tax credit.
Allegations concern a large-scale racket in the iron and steel sector involving generation and use of fake GST invoices to claim and set off inadmissible tax credits; multiple related firms availed and utilized ineligible Input Tax Credit through bogus documents, prompting coordinated search operations, arrests of two primary operators under the Central GST framework, and an ongoing investigation to map the network and quantify misclaimed credits.
September 18, 2025
Show AI Summary
GST rate rationalisation cuts rates and eases compliance to boost consumption across sectors, effective from the festival season.
GST rate rationalisation consolidates slabs into a largely two-rate regime, reduces tax rates and eases compliance while eliminating classification ambiguities and plugging revenue leakages. The measures target consumption-led growth by lowering tax incidence on craft-based, agricultural and small-scale sector goods and align implementation with a major festival period to maximise consumer benefit, while preserving the cooperative revenue-sharing stance between central and state governments and leaving a single unified rate as a future possibility.
September 18, 2025
Show AI Summary
GST rate cuts: Centre refuses state compensation; impact to be shared under tax devolution principles.
GST rate reductions will not be compensated by the Centre; revenue loss will be shared between Centre and states consistent with tax devolution. The government will issue an AI governance framework and commence the Online Gaming Act, introducing new regulatory compliance obligations. Concurrently, regulators and enforcement agencies pursued probes and sanctions-some corporate exonerations by market regulator, chargesheets and money laundering investigations by central agencies-and courts imposed fines for prohibited manual scavenging, addressed pension entitlement limits, set aside content takedown orders, and issued family law and criminal convictions.
September 18, 2025
Show AI Summary
GST rate rationalisation to be passed fully to FMCG consumers by ITC, enhancing affordability and consumption.
ITC states it will fully pass on the benefits of the government's GST rate rationalisation across its FMCG portfolio by adjusting selling prices where applicable and notifying consumers, leveraging its wide retail reach to promote affordability and consumption while aligning corporate pricing with the revised tax regime.
September 18, 2025
Show AI Summary
GST rate rationalisation praised as tax reform to boost consumption and prompt state implementation and awareness measures.
The Andhra Pradesh Legislative Assembly passed a resolution congratulating the Prime Minister for GST rate rationalisation, highlighting unanimous GST Council consensus and framing the rate changes as reforms that will lower prices of essential commodities, expand the taxpayer base, and stimulate consumption. The state announced administrative follow up including a cabinet sub committee to prepare an implementation and public awareness plan, while Assembly proceedings noted the absence of opposition MLAs and included related state policy announcements on solar power deployment.
September 18, 2025
Show AI Summary
GST rate cuts: Centre rejects state compensation, revenue impact to be shared under GST Council principles.
The Union declined a separate state compensation scheme for GST rate cuts, asserting that under the GST Council's distribution framework a revenue shortfall is shared between Centre and states because a large portion of the Centre's receipts is devolved back; the Minister invoked the GST Council equality principle and rejected a donor-donee model. The rate rationalisation is presented alongside measures to curb misclassification and gaming and as part of "GST 2.0" reforms intended to boost demand.
September 18, 2025
Show AI Summary
Next Gen GST reforms simplify compliance and cut tax burdens, expanding exemptions and relief for consumers and small businesses.
Next Gen GST reforms simplify compliance, reduce rates, and target relief to the poor, middle class, farmers and MSMEs, with rollout timed to the festive season to benefit local purchasers and industries. The package narrows rate architecture to two principal slabs and provides a specific exemption for individual life insurance policies, including term, unit linked and endowment plans and related reinsurance, while highlighting sectoral relief for handicrafts, agricultural products and small scale manufacturers.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Topics

Acts Income Tax