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The Finance Ministry informed the Rajya Sabha on Tuesday that 158 cases involving Goods and Services Tax (GST) dues totaling ₹1.53 lakh crore have been registered till January 2025. Minister of State for Finance Pankaj Chaudhary, in a written reply, also revealed that between July 2017 …

The Finance Ministry informed the Lok Sabha on Monday that personal income tax (PIT) collection as a percentage of GDP surged by 140 basis points in the last decade, reaching 3.5% in FY 2023-24, up from 2.1% in FY 2014-15. The data, presented by Minister of …

NCFE Conducts 54 Financial Education Programs in North East under National Strategy for Financial Education (NSFE), empowers diverse segments RBI and National Centre for Financial Education (NCFE) have launched nationwide campaigns to boost Financial Literacy programmes in the country. With a view to promote Financial Literacy, …

The Institute of Chartered Accountants of India (ICAI) has submitted its recommendations to the Lok Sabha select committee currently reviewing the Income Tax Bill, 2025. The key proposals include streamlining the legislation by reducing the number of sections and enhancing clarity in legal language to minimize …

IMPORTANT ANNOUNCEMENT SELF-PACED ONLINE MODULE TEST (SPMT) The Examination Department of ICAI has launched the Self-Paced Module Test (SPMT) Portal –https://spmt.icai.org for the candidates who have completed prescribed learning hours for respective Self-Paced Online Modules. Self-Paced Module Test are being conducted on a daily basis, except on government …

In a significant move to streamline GST registration, the Goods and Services Tax Network (GSTN) has introduced a new facility allowing certain Promoters and Directors to complete Biometric  Authentication at any GST Suvidha Kendra (GSK) within their Home State. This enhancement aims to ease the process for Public …

On a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system: OMO purchase auctions of Government of India securities for an aggregate amount of ₹1,00,000 crore in two tranches of ₹50,000 …