Himachal Pradesh Enacts VAT Amendment Act for Tax Reforms
The Himachal Pradesh VAT Amendment Act, 2024 updates payment, appeal, and enforcement processes to improve VAT administration and enhance compliance
Tamil Nadu Revises The Profession Tax Slab Rates for Chennai
Greater Chennai Corporation updates Profession Tax slabs for 2025 . Employers must deduct and remit PT by March 31, 2025, with revised rates based on income.
New Tax Incentives for IFSC Entities: Key Updates
MoF , through the CBDT issued the Income Tax (Second Amendment) Rules, 2025, aiming to introduce new tax incentives for entities operating within IFSC’s
CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
CBIC has clarified that taxpayers can easily verify the genuineness of any communication (including Summons) issued by any officer of CBIC by using the ‘VERIFY CBIC-DIN’ window on the CBIC’s website https://esanchar.cbic.gov.in/DIN/DINSearch.
CBIC conditions for applicability of presumptive taxation regime for non-resident cruise ship operators
As a measure to promote investment and employment, Finance Act, 2024 inter alia provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships. Further, exemption has been provided for any income of a foreign company from lease rentals of cruise ships, received from a related company which operates such ship or ships in India.
Simplifying Tax for Cruise Ship Operators: Amendment Rules
Central Board of Direct Taxes notified the Income Tax (First Amendment) Rules 2025. Simplifying Tax for Cruise Ship Operators operating in Indian waters.
Dry Days Announced for Delhi Ahead of General Elections
The dry days will be enforced for a period of 48 hours, from 6:00 PM on February 3, 2025, to 6:00 PM on February 5, 2025, coinciding with the polling dates.
Karnataka Government Extends Deadline for Filing FORM GSTR-8 for December 2024
Karnataka Government Extends Deadline for Filing FORM GSTR-8 for December 2024 to January 12, 2025
West Bengal’s New Guidelines for ITC Reversal by E-Commerce Operators
West Bengal clarifies no ITC reversal for e-commerce operators under Section 9(5) of WBGST Act
Government of West Bengal Clarifies GST Treatment on Vouchers
Government of West Bengal Clarifies GST Treatment on Vouchers addressing various concerns raised by the trade and industry, and field formations.
