Goods and Services Tax

2025: The year of India’s 'Big Bang' economic reset

India’s 2025 Economic Reset: A Big Bang of Reforms | India Business News

admin5 months ago09 mins

Driving the newsIt began with a tax relief for the middle class. It ended with a slew of reforms that had been put on hold for many years. By December-end, the 2025 turned out to be one of the most consequential years for Indian economy.In one of its busiest legislative sessions in years, parliament cleared…

GST audit gaps: CAG flags manpower crunch in CBIC audit wings; calls for staffing boost

admin6 months ago02 mins

The Comptroller and Auditor General (CAG) on Thursday said that the Central Board of Indirect Taxes and Customs (CBIC) faces a sizeable staffing shortage in its audit formations, with 38 percent of positions vacant as of July 1, 2024, leading to gaps between planned and completed audits.The CAG’s report on the Department of Revenue for…

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India’s 2025 Economic Reset: A Big Bang of Reforms | India Business News

GST audit gaps: CAG flags manpower crunch in CBIC audit wings; calls for staffing boost