The Goods and Services Tax (GST) Council plays an important role in shaping India’s indirect tax system. It reviews tax rates, recommends amendments to GST laws, addresses issues faced by businesses and taxpayers, and works towards improving compliance under the Goods and Services Tax framework. GST-related decisions can directly affect manufacturers, traders, service providers, e-commerce
The 57th GST Council meeting has cleared a series of important measures aimed at making India’s indirect tax system more business-friendly and reducing compliance pressure on taxpayers. Instead of focusing primarily on broad GST rate changes, the latest decisions put greater emphasis on simplifying tax administration, expanding Input Tax Credit (ITC), reducing small-value disputes and
Introduction Buying or selling property in India involves several legal and tax-related responsibilities. One important responsibility is Tax Deducted at Source (TDS), which requires the buyer to deduct the applicable tax from the payment made to the seller and deposit it with the government. Property TDS compliance has undergone significant changes in 2026. The introduction
process is conducted online through the official GST portal. Applicants must provide their PAN, business details, address proofs, authorized signatory information, and other supporting documents. This article explains how to obtain new GST registration for multiple states in India, the documents required, the online application procedure, applicable rules, common mistakes, and important compliance requirements. 1.
Insurance is an important part of financial planning. It provides financial protection against unexpected events such as accidents, illness, damage to property, loss of a vehicle, death of a family member and other risks. Life is uncertain, and no one can predict when an unfortunate event may happen. While insurance cannot prevent an accident, illness
The Central Board of Direct Taxes (CBDT) has introduced a dedicated ITR-B form for block assessment proceedings under the Income-tax Rules, 2026. The move is an important procedural development under the new Income-tax Act, 2025 and is particularly relevant for taxpayers who become subject to search or requisition proceedings. Through Notification No. 97/2026 dated 24
The Unified Payments Interface (UPI) has transformed the way people in India make payments. Whether it is paying a small shopkeeper, purchasing products online, paying a restaurant bill or transferring money to a family member, UPI has become an important part of everyday financial transactions. With the rapid growth of digital payments, changes in the
