In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

The GST Act prescribes specific time limits within which orders for raising demands under Sections 73 and 74 must be issued. Additionally, the Act allows the issuance of orders under various other ...

Much jubilation about income tax cut, but millions will fall out of the income tax net,” Ranade wrote, pointing out a ...

The former Delhi Chief Minister said that a large portion of the public exchequer is spent on the loan waivers for ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

The government’s Viksit Bharat vision is reflected in the Union Budget with a persistent focus on ‘Make in India’, export ...

Discussions between Centre and states have taken place to undertake not just GST rate rationalisation but also simplify the ...

Many small- and medium-sized businesses are also hoping the government will reconsider the GST. They said high taxes are being passed on to consumers, which in turn, is leading to lower consumer ...