GST Price Watchdog DGAP Set to Wind Down The Directorate General of Anti-Profiteering (DGAP), the dedicated price monitoring and enforcement body under the Goods and Services Tax (GST) regime, is reportedly set to wind down operations. Key Details and Reason for Closure DGAP’s Role: The DGAP was initially established to investigate complaints and… Read More »
GST Rate Cuts to Directly Benefit Farmers: FM Sitharaman Finance Minister Nirmala Sitharaman stated that the recent Goods and Services Tax (GST) rate rationalization, which reduced taxes on numerous goods, is specifically intended to provide direct financial benefits to farmers. Key Benefits for the Farming Sector Cheaper Agricultural Inputs: The GST cuts… Read More »
Battery Recycling Firm Faces GST Probe in Uttar Pradesh The article reports that a battery recycling firm is facing a Goods and Services Tax (GST) investigation in Uttar Pradesh over allegations of tax irregularities. Key Details of the Probe Sector: The investigation targets a company operating in the battery recycling industry. Location: The probe is… Read More »
Declaration of computer resources related to the public financial management system application comprising of various modules MINISTRY OF FINANCE (Department of Expenditure) NOTIFICATION New Delhi, the 24th September, 2025 S.O. 4705(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 70 of the Information Technology Act, 2000 (21 of 2000) (hereinafter… Read More »
Publication of notification under the prevention of Money laundering Act 2002 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th October, 2025. S.O. 4697(E).— In pursuance of sub-clause (ii) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government in consultation… Read More »
GST Rate Cuts to Drive Growth and Livelihoods in Nagaland The recent Goods and Services Tax (GST) rate rationalisation, featuring cuts primarily from 12% to 5% on various local and essential products, is set to significantly boost Nagaland’s economy by improving affordability, enhancing market access, and empowering small enterprises. Key Sectoral Gains from Rate Reductions… Read More »
DGFT Amends Diamond Imprest Authorisation Policy The Directorate General of Foreign Trade (DGFT) has announced key amendments to the Diamond Imprest Authorisation Policy. These changes are aimed at streamlining the import and export procedures for the diamond and jewelry industry. Key Policy Changes Imprest Authorisation Scheme: The Diamond Imprest Authorisation scheme allows diamond and jewelry… Read More »
DGFT Amends Areca Nut Import Policy with New CIF Value Restrictions The Directorate General of Foreign Trade (DGFT) has issued a notification amending the import policy for Areca Nut, introducing new restrictions based on the product’s Minimum Import Price (MIP) or Cost, Insurance, and Freight (CIF) value. Key Policy Changes Minimum CIF Value Restriction: The… Read More »
Smartphone Makers May Pay Over ₹3 Trillion in Taxes by End of PLI The article reports that the government expects domestic and international smartphone manufacturers participating in the Production-Linked Incentive (PLI) scheme to contribute over ₹3 trillion (₹3 lakh crore) in total taxes by the time the scheme concludes. Key Projections and Context Total Tax… Read More »
Government Leans on Quick Commerce for Real-Time Price Checks The government is relying heavily on quick commerce platforms to conduct real-time price monitoring and ensure that the benefits of the recent GST rate cuts are quickly and fully passed on to consumers. How Quick Commerce Platforms Are Used Real-Time Data Access: Quick commerce platforms, unlike… Read More »