Sin tax is a levy on products or activities deemed harmful to society. This includes items like tobacco, alcohol, and gambling. The primary aim is to discourage unhealthy...
A parliamentary committee has endorsed reforms in the insurance sector, aiming to enhance the industry’s efficiency and competitiveness. The Insurance Amendment Bill proposes several key changes. Composite Licenses...
The Union Cabinet has recently approved an upgrade to the Permanent Account Number (PAN) system. This upgrade introduces a QR code feature on PAN cards and also establishes...
Tamil Nadu has reported important growth in its State Goods and Services Tax (SGST) collections for the fiscal year 2024-25. The increase stands at 20.12%, the highest among...
The Andhra Pradesh government has recently ceased the collection of garbage tax. This decision follows the introduction of a bill by Municipal Administration Minister P. Narayana. The State...
The Supreme Court of India recently made a landmark ruling, which allows telecom companies to claim tax credits for expenses related to mobile towers and pre-fabricated buildings (PFBs)....
The Income Tax Department has initiated a new campaign that targets taxpayers with high-value foreign income or assets, which aims to enhance compliance for the Assessment Year 2024-25....
On September 23, 2020, Parliament passed the Taxation and other laws (Relaxation and Amendment of certain provisions) bill, 2020. It replaces an ordinance and will make few changes...
Aadhaar authentication has been activated by the Government for the registration of new goods and services tax, which will provide an impetus for the enhancement of ease of...
United Kingdom recently announced that it would start charging a 2% tax on digital services from 1st April this year. The tax is to be imposed on revenue...
