GST Department Issues New Year Notices: Corporates Brace for Legal Battles
As the clock struck midnight on New Year's Eve, a slew of GST notices descended upon major players in India Inc, from Hindustan Unilever to ICICI Bank, HDFC Bank, and…
Tax Regime Dilemma: Old vs. New – Balancing Compliance and Economic Impact
The introduction of the New Tax Regime under Section 115BAC of the Income Tax Act 1961 aimed at fostering electronic tax filings and transparency in Income Tax Returns. Despite a…
MSME Ministry Empowers Development Offices to Expedite Udyam-Related Resolutions
The Ministry of Micro, Small, and Medium Enterprises (MSME) has delegated authority to its development and facilitation offices (DFOs) in state capitals and industrial hubs for prompt redressal of Udyam-related…
GST Collection Dips to Three-Month Low, Yet Remains Robust at Rs 1.65 Trillion
In December, Goods and Services Tax (GST) collections witnessed a dip to a three-month low, reaching Rs 1.65 trillion. This decline is attributed to a slowdown in economic activities post-Diwali.…
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