GST reforms: Govt to scrap 12%, 28% rates-a gamechanger for consumers?

New Delhi, Aug. 15 -- In a major overhaul of the multitiered goods and services tax (GST) structure, the Central government has proposed scrapping the 12% and 28% slabs, among other reforms to India's... Read More

IBC amendments to allow partial asset sales, second shot at revival

New Delhi, Aug. 15 -- Apart from speeding up the disposal of distressed companies as going concerns, the proposed amendments to the Insolvency and Bankruptcy Code (IBC) tabled in Lok Sabha on Tuesday ... Read More

DRI officials intercept 1,311 tonnes of Pakistan rock salt imported via UAE

New Delhi, Aug. 14 -- Directorate of Revenue Intelligence (DRI) officials have intercepted 47 containers of rock salt, originally from Pakistan, that were imported into India from the UAE, Central Boa... Read More

IBC amendments seek to boost assets available for distressed company revival

New Delhi, Aug. 14 -- Creditors to bankrupt firms could get their hands on a wider pool of valuable assets and claw back money from more shady promoter transactions, once latest changes to India's ins... Read More

Govt proposes IBC overhaul, shift of power from courtrooms to boardrooms

New Delhi, Aug. 12 -- New Delhi: India's bankruptcy playbook is set for its biggest rewrite since the Insolvency and Bankruptcy Code (IBC) came into force in 2016. The IBC (Amendment) Bill 2025 - tabl... Read More

Lok Sabha clears revised income tax bill, grants UPS tax parity with NPS

New Delhi, Aug. 11 -- The Centre's ambition to replace the over six-decade-old income tax law with a simplified legislation reached a step closer to reality, with the Lok Sabha on Monday approving a r... Read More

Lok Sabha approves new tax bill with UPS relief, corporate dividend deduction

New Delhi, Aug. 11 -- The Lok Sabha approved on Monday a revised version of the Income Tax Bill 2025, which restored several taxpayer-friendly provisions from the existing law that were erroneously dr... Read More

DGGI shifts gears to hunt big-ticket tax evasions

New Delhi, Aug. 11 -- India's apex goods and services tax (GST) enforcement agency has a new priority: chasing deliberate and high-impact tax evasion and fraud over technical disputes. The Directorate... Read More

DGGI shifts gears to hunt big-ticket tax evasions

New Delhi, Aug. 11 -- India's apex goods and services tax (GST) enforcement agency has a new priority: chasing deliberate and high-impact tax evasion and fraud over technical disputes. The Directorate... Read More

DGGI shifts gears to hunt big-ticket tax evasions

New Delhi, Aug. 11 -- India's apex goods and services tax (GST) enforcement agency has a new priority: chasing deliberate and high-impact tax evasion and fraud over technical disputes. The Directorate... Read More

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