19 Feb, 2026
Now You Can Use CGST or SGST Credit in Any Order for IGST Payment India’s GST system is slowly moving toward cash-flow friendly compliance. From the February 2026 tax period, the GST portal allows taxpayers to utilise: CGST or SGST Input Tax Credit (ITC) in any order for paying IGST liability — after exhausting IGST […]
Read More19 Feb, 2026
India’s tax enforcement has entered a new era. In a large-scale data investigation, the Income Tax Department analysed billing software records of more than one lakh restaurants across the country. The results revealed widespread manipulation of digital billing — including deleted invoices, altered values and selective reporting — leading to an estimated ₹70,000 crore of […]
Read More19 Feb, 2026
India Has Its Own AI Now — But How Good Is It Really? You’ve heard of ChatGPT, Claude, Gemini, and Grok. These are the global giants of artificial intelligence, built by billion-dollar American companies. But quietly, India has built its own: Sarvam AI — a full-stack sovereign AI platform built entirely in India, for India. […]
Read More19 Feb, 2026
GST on Sarees & Salwar Suits in India (2025): 5% or 18%? Don’t Make This Costly Mistake If you sell sarees or salwar suits in India, one small GST classification error can wipe out your margin. Most boutique owners, online sellers, and even accountants confuse one simple rule: Unstitched = FabricStitched = Garment And that […]
Read More27 Nov, 2025
Can You Run Multiple Businesses Under One GST Number? Here’s What Every Entrepreneur Should Know! With the rise of e-commerce and diversified business models, more entrepreneurs are expanding into new product categories. A common doubt many business owners have is: “If I already have a GST number for my current business, do I need a […]
Read More29 Oct, 2025
Published on: 29th October 2025Category: Income Tax UpdatesAuthor: EFILETAX Team 🏛️ Overview In a significant relief to taxpayers and professionals, the Central Board of Direct Taxes (CBDT) has officially announced the extension of due dates for filing the Income Tax Return (ITR) and Audit Report for Assessment Year (AY) 2025-26. The decision was conveyed through […]
Read More20 Sep, 2025
The 56th GST Council has simplified GST into a core two‑slab structure (5% and 18%) plus a top 40% slab for luxury/sin goods, effective 22 September 2025. The reform removes the earlier 12% and 28% slabs in most cases, reducing classification disputes and compliance cost, while protecting revenue through a higher top rate for luxury […]
Read More17 Sep, 2025
Introduction The GST Council has notified a new GST rate structure on goods, effective from 22nd September 2025, via Notification No. 09/2025-Central Tax (Rate). The revised framework consolidates tax into seven slabs. This change impacts everything from daily essentials to luxury goods, and businesses must realign pricing, invoicing, and IT systems accordingly. The 7 GST […]
Read More05 Sep, 2025
Major GST Rate Overhaul Takes Effect September 22, 2025 Indian taxpayers and businesses face significant changes as GST rate changes September 2025 reshape the indirect tax landscape. The 56th GST Council meeting has approved comprehensive rate rationalization affecting everything from daily essentials to luxury automobiles, fundamentally altering compliance requirements for millions of registered taxpayers. The […]
Read More03 Sep, 2025
The 56th meeting of the GST Council, chaired by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman, was held today in New Delhi. These GST rate changes 2025 align with Prime Minister Shri Narendra Modi’s vision from his Independence Day address on August 15, 2025, introducing next-generation GST reforms. This strategic, citizen-centric evolution of […]
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