News

As India prepares to present the Budget 2025 in the Lok Sabha on February 1, 2025, there are expectations for income tax relief, including bigger rebates and exemptions.

Budget 2025: Will Income Tax Deductions under the Old Tax Regime be Removed?

As the Finance Minister prepares to propose the Union Budget 2025, the country's middle class is hoping for major relief from taxes and reductions in tax brackets.

Budget 2025: Major Income Tax Benefits to expect from Union Budget 2025

Articles

ICAI has issued updated Background Material on GST (January 2025 Edition) Volume-I and Volume-II by the GST and Indirect Taxes Committee.

ICAI released Background Material (Vol-I and Vol-II) on GST – Jan 2025 13th Edition

Circulars

Representation has been received seeking clarification on the applicability of GST on facility management services provided to Municipal Corporation of Delhi.

No GST Exemption on Facility Management Services provided to MCD [Read Circular]

CBIC has issued a circular on GST Exemption on certain support services provided by an electricity transmission or distribution utility.

GST Exemption on Incidental or Ancillary Services to Supply Electricity [Read Circular]

CBIC has issued a circular Regularizing payment of GST on research and development services provided by Government Entities against consideration in the form of grants received from Government Entities.

GST Exemption on Supply of R&D Services by Government Entities [Read Circular]

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