Monika Yadav

Gross direct tax collections rose 14.9% to ₹16.03 trillion, while refunds increased 24.2% to ₹2.65 trillion; STT receipts surged 51.6% to ₹46,840 crore during the period

The new Form 173A requires eligible foreign investors and BIS to disclose security holdings, interest income and capital gains to claim exemptions under the Income-tax Act, 2025

Abstract: The service rate region of a distributed storage system describes the set of concurrent demand vectors that can be served without overloading

The agreement will enable advance electronic exchange of origin data, improve customs cooperation and help businesses access tariff concessions under the India-New Zealand FTA

The simplified GST registration facility will allow small e-commerce sellers to expand across states without setting up physical offices, with detailed notifications expected soon

The new RCM-DOM and RCM-IMP categories will allow eligible businesses to generate e-invoices for specified domestic purchases and imported services under reverse charge rules

The Income Tax Department is stepping up outreach to UAE property owners and other taxpayers as around 1,100 declarations have been filed under FAST-DS ahead of the December 31 deadline.

'The restrictive monetary limits under FAST-DS may prevent a significant number of taxpayers from regularising their undisclosed foreign assets.'

CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution

The next phase of GST reforms, promises simpler registration, quicker refunds and wider input tax credit, but businesses say deeper structural and administrative changes are needed