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Introduction: The Institute of Company Secretaries of India (ICSI) continues its commitment to excellence and professional standards with the release of the ICSI (Management and Development of Company...

Introduction: In a dynamic era where global commerce is increasingly driven by digital innovation, India’s Customs department has embarked on a transformative journey, introducing a series of pioneeri...

Introduction: In 2021, the Central Board of Indirect Taxes and Customs (CBIC) faced setbacks as 27 cases were dismissed by the Supreme Court due to delays in filing, resulting in costs imposed in thre...

Introduction: In the ever-evolving landscape of fiscal governance, the Income Tax Department has emerged as a vanguard of efficiency and innovation, showcasing a series of remarkable milestones in rec...

Introduction: In a significant development, the Tax Inspectors Without Borders (TIWB) program, a collaborative initiative of the United Nations Development Programme (UNDP) and the Organisation for Ec...

Bharatiya Nagarik Suraksha (Second) Sanhita, 2023 (Bill No. 174 of 2023) is introduced in Lok Sabha on 12th December 2023. The bill seek to replace The Code of Criminal Procedure, 1973. Earlier bill p...

EXPOSURE DRAFT IRDAI (Registration and Operations of Foreign Reinsurers Branches & Lloyd’s India) Regulations, 2024 1. To meet the objective of the Authority to promote ease of doing business, the Reg...

Introduction: The Competition Commission of India (CCI) is undergoing a significant regulatory change with the amendment of the CCI (General) Regulations in 2023. The focus is on the numbering of Inte...

The Securities and Exchange Board of India (SEBI) has released a Consultation paper on review of provisions of NCS Regulations and LODR Regulations for ease of doing business and introduction of fast...

Introduction: Rajya Sabha Unstarred Question No. 1100 raises inquiries regarding Reliance Industries Ltd.’s (RIL) acquisitions of foreign assets, including Britain’s Stoke Park, Hamley, and US-based M...

Introduction: The Lok Sabha Starred Question No. 18* delves into the intricacies of GST collection and the devolution process for the financial year 2022-23. Detailed Analysis: 1. Devolution for FY 20...

Introduction: The recent response by the Minister of Finance sheds light on the GST rates for stationery items, primarily used by students, and the taxation on online education services. This article...

Introduction: The Ministry of Finance has intensified its efforts to combat tax evasion, particularly by lottery distributors. In a recent revelation, 12 cases of GST evasion amounting to Rs. 344.57 c...

Introduction: The Government of India, through the Ministry of Finance’s Department of Revenue, has provided essential updates on PAN-Aadhaar linking. Addressing specific queries from Rajya Sabha memb...

Introduction: Lok Sabha Unstarred Question No. 1330 seeks information about India’s Trade and Double Tax Treaty with Cyprus. This article provides comprehensive insights into the treaty, including its...

The global financial landscape is evolving, and the International Accounting Standards Board (IASB) is at the forefront of ensuring alignment through Exposure Drafts. The Institute of Chartered Accoun...

Cabinet Approves Additional Allocation of Rs 2500 Crore for Continuation of Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit Till 30.06.2024In a significant move aimed at supp...

Introduction: The Insolvency and Bankruptcy Board of India (IBBI) has recently released the “Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals...

The State Goods and Services Tax Department of Kerala has implemented Standard Operating Procedures (SOP-1/2023) to oversee the reversal of ineligible IGST input tax credits by taxpayers in Return For...

Ministry of Finance, through Notification No. 102/2023- Income-Tax Dated: 5th December, 2023, has granted significant tax exemptions to the Godavari River Management Board, Hyderabad under section 10(...