The MCA-21 portal, a key e-Governance platform for corporate filings, has faced technical issues. The Government reports that corporate filings have increased, with 80.26 lakh forms filed from April ...

Will the Minister of FINANCE be pleased to state: (a) the recommendations of GoM constituted by GST Council on the issue of insurance premiums which endangers social security of the ordinary people ...

National Board of Examinations in Medical Sciences (NBEMS) collected ₹39 crore as GST from Diplomate of National Board (DNB) candidates and ₹29 crore from Foreign Medical Grad ...

Government of India has not conducted an assessment of the impact of the Insolvency and Bankruptcy Code (IBC) on tax revenue loss. Under Section 53 of the IBC, government dues, including indirect ...

Government has amended FEMA regulations by introducing the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the 2000 rules. Under Section 15(1) of FEMA, 1999, individuals who violate ...

The share of tax revenue from tobacco products, including cigarettes and bidi, in India’s Gross Tax Revenue ranged from 1.27% in 2016-17 to a peak of 2.75% in 2019-20, before se ...

India’s total tax arrears amount to ₹42.64 lakh crore, with ₹41.63 lakh crore in direct tax arrears and ₹1.01 lakh crore in indirect tax arrears. To recover these dues, the Central Board of Direct ...

The Government of India has taken steps to decriminalize minor offenses in direct tax matters, particularly benefiting small and medium businesses. The Finance Act, 2023, introduced a sunset clause in ...

The government has reported a rise in direct tax collections and foreign investment inflows following corporate tax rate reductions, effective from AY 2020-21 (except the pandemic-affected FY 2020-21) ...

The government has addressed concerns regarding the impact of reduced interest rates on National Savings Schemes (NSS) for retirees. The NSS-87 and NSS-92 schemes, introduced in 1987 and 1992, stopped ...

Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...

In the 55th GST Council meeting held on December 21, 2024, in Jaisalmer, the Group of Ministers (GoM) on Life and Health Insurance requested additional time to finalize their reco ...