What is Rule 14A? Rule 14A is a newly introduced sub-rule under the Central Goods and Services Tax Rules, 2017 (CGST Rules) that provides an optional, simplified electronic registration route for certain small taxpayers. Under this rule, a person applying for GST registration (under Rule 8) may choose to opt for a faster, largely automated […]
The introduction of Section 270A of the Income Tax Act, 1961, through the Finance Act, 2016, marked a turning point in India’s tax penalty framework. Replacing the older Section 271(1)(c), the new regime introduced a clear distinction between under-reporting and misreporting of income—each carrying different consequences. While under-reporting attracts a penalty of 50% of the
The state of Gujarat has implemented a series of significant wage revisions and labour policy changes over the last few years, reflecting a major shift in its approach to worker welfare and industrial regulation. From a landmark wage increase in 2023 to a comprehensive revision effective from April 2025, these updates affect millions of workers
India has entered a new tax era as the much-awaited GST 2.0 reforms officially came into effect today, September 22, 2025. The move brings a mix of relief and surprises for consumers. While many daily essentials and household goods are now cheaper, the government has slapped a hefty 40% GST slab on a range of
India’s Goods and Services Tax (GST) has entered a new phase with the rollout of GST 2.0, effective from 22 September 2025. The reform is designed to simplify the indirect tax structure, rationalize slabs, and reduce the burden on consumers and businesses. A key change lies in the HSN-wise (Harmonised System of Nomenclature) GST rate
