The Income-Tax Department is closely reviewing high-value refund claims flagged for potential discrepancies. While smaller refunds are already being processed, CBDT Chairman Ravi Agrawal has assured taxpayers that legitimate high-value payouts will be cleared by December 2025. Refund claims worth ₹2.42 lakh crore have been filed till November 10, showing an 18% drop from last year. The department has also increased appeal disposals by 40% and remains confident of meeting its ₹25.20 lakh crore direct tax collection target for FY26, supported by 6.99% growth. Leveraging AI-powered tools, the CBDT is enhancing compliance, monitoring taxpayer behavior, and identifying potential evasion

The Directorate General of GST Intelligence (DGGI) has uncovered a massive 645 crore fake Input Tax Credit scam. Mastermind Mukesh Sharma created 229 dummy companies to issue fraudulent invoices without actual supply. His arrest under the CGST Act highlights the growing crackdown on GST fraud and its implications for honest businesses.

The GST portal has opened GSTR-9 and GSTR-9C for FY 2024-25 with a filing deadline of December 31, 2025. This guide explains the key changes in both forms, filing thresholds, auto-population details, and practical tips to file on time and avoid penalties—written in clear, simple language.

India’s tax system is being reshaped by AI and Big Data. Through Project Insight, the Income Tax Department now tracks bank data, investments, and lifestyle transactions in real time, flagging anomalies and ensuring compliance.

The EPF interest taxation rule introduced in 2021 is now a permanent reality in 2025. Contributions above 2.5 lakh (5 lakh for government employees without employer contribution) attract tax on interest. EPFO maintains separate taxable and non-taxable accounts, with TDS applied on taxable interest. High earners must now plan carefully, track contributions, and explore other investment options to optimize returns.

This blog explains what Suo Moto cancellation of GST registration means, why it happens, and how businesses can respond and apply for revocation. It includes the reasons, forms, timelines, and tips to stay compliant.

The Supreme Court has ruled that genuine buyers cannot be denied Input Tax Credit just because the seller failed to deposit tax or lost registration. This landmark decision under DVAT sets a strong precedent for GST cases too, ensuring fairness and protecting honest taxpayers.

The GST portal has launched a faster registration process for low-risk taxpayers. With Aadhaar authentication and proper document upload, eligible applicants can now get GST registration within 3 working days.

The Allahabad High Court has ruled that tax refunds cannot be denied just because TDS is missing from Form 26AS. If a taxpayer provides valid Form 16A certificates, the Income Tax Department must verify the claim with the deductor instead of rejecting it outright. This protects honest taxpayers from delays caused by clerical errors.

GST 2.0 is a game-changer for small businesses in India. Starting November 1, 2025, new applicants can opt for a simplified GST registration process with automatic approval in just 3 working days. Designed for low-risk businesses, this reform reduces hassle and speeds up business launch.

From November 1, 2025, small businesses and startups in India can benefit from a simplified GST registration process. This reform promises approval within 3 working days for low-risk applicants and public sector entities. It’s part of the broader GST 2.0 initiative aimed at making tax compliance faster, easier, and more tech-driven. Learn how this change can help you start your business with less hassle and more confidence.

GSTN has changed how Table 8A in GSTR-9 is auto-filled. Starting FY 2024-25, it will include invoices from both the current and next financial year, making ITC reconciliation more accurate. Learn what’s included, what’s excluded, and how to prepare.