23 Jun, 2025
GST on Ride-Hailing Why Firms Seek Tax Clarity GST on ride-hailing services like Ola, Uber, and Rapido has often sparked debate among operators, drivers, and tax officers. Recently, leading ride-hailing firms have approached the tax regulator — the Central Board of Indirect Taxes and Customs (CBIC) — for clearer guidelines to avoid double taxation and […]
Read More21 Jun, 2025
Introduction Exchange of Information between countries has strengthened India’s fight against tax evasion. This Efiletax blog explains its status, follow-up measures, and why it matters for taxpayers and consultants. What is Exchange of Information? Types of Information Received India receives information mainly through: Instrument Description Example EOIR (Exchange on Request) Data shared upon specific request […]
Read More21 Jun, 2025
Introduction Separate Filing of e-form CSR-2 is mandatory for companies falling under Section 135 of the Companies Act, 2013. After MCA21 transitioned from Version 2 to Version 3, the Ministry of Corporate Affairs issued clarifications to avoid confusion. Non-compliance can lead to hefty penalties. This blog simplifies how to file CSR-2 properly in the new […]
Read More21 Jun, 2025
FY26 Direct Tax Collection Sees Modest Growth Key Highlights India’s FY26 Direct Tax Collection has increased by 4.86% YoY, reaching ₹5.45 lakh crore as on June 19. However, the net collection stands at ₹4.58 lakh crore, showing a slight 1.39% decline compared to last year. In this blog, we break down what this means, why […]
Read More21 Jun, 2025
Introduction Evasion of taxes is back in the spotlight as Andhra Pradesh Chief Minister Chandrababu Naidu declared that tax defaulters will face strict action. This statement comes amid efforts to boost revenue and ensure fair compliance for all taxpayers and businesses in the state. Why This Statement Matters Key Highlights of the CM’s Tax Compliance […]
Read More21 Jun, 2025
Introduction: FM Nirmala Sitharaman Urges Easier GST for Honest Taxpayers — this was the clear message during her recent review with senior GST officials. The Finance Minister directed the department to simplify processes for compliant businesses while ensuring strict, evidence-backed action against tax evaders. Key Highlights from FM’s GST Review Here’s what Indian businesses and […]
Read More21 Jun, 2025
Introduction GST fraud in India is rising fast — with identity thieves targeting poor and illiterate citizens to set up fake or shell companies. Using stolen Aadhaar, fraudsters claim illegal input tax credit (ITC) and vanish, leaving innocent people in legal trouble. How Identity Thieves Set Up Shell Companies Recent Cases Highlighting GST Fraud How […]
Read More21 Jun, 2025
Massive GST Fraud Rajasthan HC Refuses Bail The focus keyphrase “GST Fraud” has made headlines again. Recently, the Rajasthan High Court rejected the bail plea of a businessman accused in a massive ₹704 crore fake Input Tax Credit (ITC) racket. This decision highlights how seriously Indian courts and GST authorities treat fraudulent claims under the […]
Read More21 Jun, 2025
Summary Finance Ministry highlights ₹34,000 crore GST evasion and asks CBIC to plug gaps between detection and recovery. Learn what this means for honest taxpayers, compliance checks, and steps businesses should take to avoid penalties. Efiletax explains with expert tips and official references. ₹34,000 Crore GST Evasion: FM’s Directive to CBIC In a recent review, […]
Read More21 Jun, 2025
Govt Authority Must Reimburse GST on Post-GST Contracts: Explained When GST was introduced on 1st July 2017, many contractors faced a tricky situation: older contracts didn’t include GST clauses, but new tax liability arose. If you’re dealing with such post-GST contracts, here’s what the law and courts say. Why Govt Must Reimburse GST Key Case […]
Read More