No Tax Risk for Foreign Cloud Companies Using Indian Data Centres: FinMin
Foreign cloud companies can get a tax holiday till 2047 if they use MeitY‑notified data centres in India, with no risk of their global income being taxed, the Finance …
Author: Vinod Arora
DGFT Extends Annual RoDTEP Return Filing Deadline for FY 2023‑24
DGFT has extended the deadline for filing the Annual RoDTEP Return for FY 2023‑24 to 31 March 2026 with a composition fee of ₹15,000.
Odisha Introduces GST Recovery Mechanism for Works Contractors Through WAMIS
Odisha has implemented a system‑driven GST recovery mechanism through WAMIS to deduct pending tax dues from works contractors at the bill payment stage.
Govt Open to Customs Amnesty Scheme If Industry Offers Viable Plan
The government is open to considering a Customs amnesty scheme if industry presents a viable framework, a senior finance ministry official said.
India’s Tariff Overhaul Fixes Global Optics as Trade Deals Expand: CBIC Chairman
India’s tariff clean‑up aligns headline duties with actual rates to improve global perception and trade certainty, CBIC chairman Vivek Chaturvedi said.
I-T Department to Seek Adjournments as Finance Bill 2026 Proposes Clarifications
CBDT has directed tax officials to seek adjournments in select cases as Finance Bill 2026 proposes clarificatory amendments to the Income Tax Act to reduce disputes.
Seven Arrested in Kanpur for Rs 7 Crore GST Fraud Using Fake Invoices
Kanpur police arrested seven people, including a chartered accountant, for a Rs 7 crore GST fraud involving fake firms, invoices, and illegal ITC claims.
Simplified Regime from April 1, 2026: New Income‑Tax Act, Key Changes Explained
From April 1, 2026, India will roll out a simplified income tax regime with the New Income Tax Act and Budget 2026 measures. Here is how it will impact …
GST ITC on Food & Beverages for Event Managers: What the WB AAR Really Allows
West Bengal AAR allows ITC on food and beverages for event management services when supplied as part of a taxable composite supply. Read the conditions, risks, and compliance tips.
Finance Bill 2026: Tax Amendments That Override Court Views and Reset the Rules
Finance Bill 2026 reshapes Indian tax administration with retrospective clarifications and override clauses. Here are seven key amendments that reduce disputes and change strategy.