tax compliance News

India's GST Revenue Soars: A 9.9% Surge to Rs 1.96 Lakh Crore in March 2025 Signals Economic Resilience

India's GST revenue collection saw a significant 9.9% year-over-year increase in March 2025, reaching Rs 1.96 lakh crore, reflecting economic stability and strong tax compliance. T...

LIC Faces Massive Rs 480 Crore GST Demand Notice: A Shock to the Insurance Giant

Life Insurance Corporation of India (LIC) has been issued a GST demand notice of Rs 479.9 crore for the fiscal year 2020-21 by the Mumbai deputy commissioner of state tax, highligh...

Assocham Urges Slash in India's High Income Tax Rates in 2025 Budget to Boost Compliance

Assocham recommends reducing personal income tax rates in the 2025 Budget to improve compliance, highlighting the significant gap between individual and corporate tax rates and the...