Tax Cuts and Festive Cheer Drive 5.8% Surge in Passenger Vehicle Sales: FADA The Federation of Automobile Dealers Associations (FADA) reported that India’s retail sales of passenger vehicles (PVs) saw a substantial surge in September, driven by the implementation of GST rate cuts and the start of the Navratri festival period. Key Drivers of Retail… Read More »
UP Revenue Rises Despite Marginal GST Collection Dip in September Uttar Pradesh’s total state revenue saw a modest increase in September 2025 compared to the previous year, even though the state’s Goods and Services Tax (GST) collections experienced a marginal decline. Key Collection Figures Overall Revenue Increase: The state’s total revenue rose from ₹14,747.93 crore… Read More »
NRB Bearings Accelerates Expansion Plans on Hopes of GST-Driven Demand NRB Bearings announced it is fast-tracking its capacity expansion plans, anticipating a major boost in demand from the recent GST reforms across the automotive and manufacturing sectors. Key Expectations from GST Reforms Anticipated Demand Surge: NRB Bearings expects the GST rate cuts, particularly in the… Read More »
Auto Retail Accelerates: GST Cuts and Festive Season Drive Massive September Surge The Federation of Automobile Dealers Associations (FADA) reported an exceptional surge in India’s vehicle retail sales for September 2025, driven by the implementation of GST 2.0 reforms and the onset of the festive season. Retail Growth Boosted by GST Optimism Overall Market Surge:… Read More »
Prestige Estates Subsidiary Hit with ₹154 Crore GST Show Cause Notice The subsidiary of Prestige Estates Projects Ltd., a major South Indian real estate developer, has received a massive show cause notice (SCN) from the Directorate General of GST Intelligence (DGGI). Key Details of the Demand Company Affected: Prestige Projects Private Limited (PPPL), a wholly-owned… Read More »
Festive Cheer vs. Fiscal Fear: Officials Anticipate GST Collection Slump Post-Rate Cut The article details a paradox emerging after the GST rate rationalization: despite a surge in festive sales, tax officials fear a temporary slump in revenue collection due to the substantial reduction in GST rates on essential goods. Key Points of Concern for Tax… Read More »
CBDT Clarification on Legal Gold Holding Limits for Income Tax Purposes The Central Board of Direct Taxes (CBDT) has clarified the legally permissible limits for holding gold without seizure during income tax search operations, provided the holding aligns with reasonable household usage and wealth. Permissible Limits for Gold Holding The CBDT has… Read More »
Income Tax Search Conducted at Go Fashion (Go Colors) Offices and Premises The Income Tax Department initiated a search operation across the premises of Go Fashion (India) Ltd., the company that owns and operates the women’s wear brand ‘Go Colors’. Key Details of the Incident Action Taken: The Income Tax Department conducted… Read More »
Notification under section 10(46A) of the Income Tax Act 1961 in the case of Jhansi Development Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th October, 2025 S.O. 4584(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax… Read More »
Assets under Management (AUM) of NPS and APY cross ₹16 lakh crore mark Subscriber base of NPS and APY surpasses 9 crores Posted On: 09 OCT 2025 7:46PM by PIB Delhi The combined Assets Under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed the ₹16 lakh crore mark… Read More »