CRISIL: Domestic Demand and GST Cuts to Drive 8-10% Growth for Fleet Firms Issue: To summarize the CRISIL report’s projection on the growth trajectory of the organized road logistics and fleet operators sector, detailing how the recent GST rate rationalization and underlying economic recovery are fueling this growth. Facts: The GST 2.0 reforms included… Read More »
DGFT Amends Foreign Trade Procedures for India-EFTA TEPA, Easing Certificate of Origin Process Issue: To simplify and expedite the implementation of the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), the Directorate General of Foreign Trade (DGFT) amended the Foreign Trade Procedures (FTP) specifically concerning the issuance of the Certificates of Origin… Read More »
New GST Registration System from November 1: What Will Change for Small Businesses Issue: To curb the menace of Goods and Services Tax (GST) fraud, particularly the registration of fake companies for illegal Input Tax Credit (ITC), the GST Network (GSTN) is implementing a comprehensive new registration system with stringent verification protocols, which will significantly… Read More »
DGFT Amends Foreign Trade Policy: New Agencies Authorized to Issue Certificates of Origin for India-EFTA TEPA Issue: To implement the recently concluded India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), the Directorate General of Foreign Trade (DGFT) needed to designate the competent authorities responsible for issuing the crucial Certificates of Origin (CoO).… Read More »
CBIC assigned Proper Officers & Monetary Limits under Sections 74A, 75(2) & 122 of the CGST Act, 2017 vide Circular No. 254/11/2025-GST issued Dated October 27, 2025 The Central Board of Indirect Taxes & Customs (CBIC) has issued an important clarification assigning proper officers and prescribing monetary limits for issuance of show cause notices (SCNs),… Read More »
Cabinet approves Terms of Reference of 8th Central Pay Commission Posted On: 28 OCT 2025 3:04PM by PIB Delhi The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Terms of Reference of 8th Central Pay Commission. The 8th Central Pay Commission will be a temporary body. The Commission will comprise… Read More »
PFRDA Hosts Seminar on “Consultation Paper on Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes” in Mumbai The consultation paper proposes three distinct schemes under the NPS framework to offer greater flexibility and assurance to subscribers Seminar brought together experts to provide insights on strengthening retirement outcome under NPS Posted… Read More »
Chandigarh Audit Flags Major Irregularities in Streetlight Project A recent audit report on a streetlight project in Chandigarh has flagged significant financial and procedural irregularities, highlighting both a massive cost escalation and issues related to unverified Goods and Services Tax (GST) payments made to the contractor. Key Findings of the Audit Massive Cost Escalation: The… Read More »
CBDT authorises ‘CPC Bengaluru’ to rectify mistakes & issue consequential demand notices in respect of all incomes MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th October, 2025 S.O. 4901(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Incometax Act,… Read More »
CBDT Directs Strict Verification of Expenses in Entertainment Sector The Central Board of Direct Taxes (CBDT) issued a letter addressing the findings of the Comptroller and Auditor General’s (C&AG) Performance Audit Report on the assessment of assessees in the entertainment sector. The CBDT’s instructions mandate that Assessing Officers (AOs) ensure uniformity and strict adherence to… Read More »