Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.
The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.
Indian exporters are unlikely to receive direct tariff refunds from the US's $166 billion payout, but the rollback of reciprocal duties is enhancing their pricing power and improving order prospects, particularly in textiles, apparel, and engineering goods.
As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
The Bombay High Court has directed HDFC Bank to refund Rs 38 lakh to a Pune businessman who lost the amount in a digital fraud, citing the account holder's lack of fault and RBI guidelines on customer protection.
A senior tax assistant in the Income Tax department was sentenced to six months in jail and fined Rs 4000 in a bribery case by a special CBI court in Thane.
While this doesn't mean that air travel is now a breeze, what it does mean is that you now have more rights and more control over your money.
India's gross GST collections increased by 3.2 per cent to over Rs 1.94 lakh crore in May, driven by improved supplies of goods and services and a continued expansion in collections from imports.
'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
India's net direct tax collection has seen a robust 15 per cent increase, reaching approximately 5.21 trillion in the first two and a half months of FY27, as on June 17, driven by strong growth in both corporate and non-corporate tax segments.
Mumbai's Metro Line 3, the Aqua Line, experienced two disruptions due to technical issues, causing significant inconvenience to commuters. Passengers reported being stranded inside trains and stations, with complaints of overcrowding and poor communication from authorities.
Tickets for the semi-finals and final of the T20 World Cup went on sale on Tuesday with the ICC promising that if matches are forced out of Kolkata and Ahmedabad due to Pakistan's qualification.
Loss-making Air India has introduced a new 'Basic Fare' category for select domestic flights, which does not include complimentary meals, as part of its efforts to trim expenses amid rising operational costs.
Villagers in Mathabhanga, West Bengal, have started receiving refunds of 'cut money' they paid to local toughs to access government scheme benefits during the previous TMC regime. The BJP claims this is due to their rise to power, while the TMC denies any involvement in the illegal collections.
A consumer court in New Delhi has directed the Bank of India to refund Rs 10,000 to a woman and provide additional compensation for a failed ATM transaction that was not reversed for several months, citing deficiency in service and violation of RBI guidelines.
Air India has temporarily reduced its domestic flights by 22 per cent due to the impact of high fuel prices, following a previous reduction in international flights. The airline is offering re-accommodation, date changes, or refunds to affected passengers.
The fee cuts come amid an outcry over CBSE's first full-scale rollout of the Online Scoring Mechanism for Class 12 examinations, with students, parents, and some teachers alleging unusually low marks, unchecked answers, and discrepancies between expected and awarded scores.
India's gross Goods and Services Tax (GST) collection reached an unprecedented Rs 2.43 lakh crore in April, marking an 8.7 per cent increase and surpassing the previous record set last year.
IndiGo has informed DGCA that 'all refunds for IndiGo flight cancellations during the period of December 3-5 have been fully processed and cleared to the original source of payment.'
The West Bengal government plans to remove the football-themed sculpture outside Salt Lake Stadium, designed by former chief minister Mamata Banerjee, and upgrade the venue's infrastructure.
India's like-for-like gross Goods and Services Tax (GST) revenue growth slowed to a five-year low of 5.57 per cent in FY26, reaching Rs 23.32 trillion, primarily driven by a significant surge in import revenues.
"Taxpayers with income from shares, mutual funds, crypto, ESOPs, or derivatives often incorrectly use ITR-1 instead of ITR-2 or ITR-3."
Air India, IndiGo, and Air India Express are temporarily reducing their domestic flights due to surging jet fuel prices and lower travel demand. The airlines are cutting flights by 10 to 22 per cent in the coming months.
Students and families must stress test repayment capacity based on Indian salary standards.
A 72-year-old retired nurse in Nagpur was cheated of Rs 90.65 lakh by cyber criminals who kept her under 'digital arrest' for several weeks, police said.
Kapil Chugh, accused of masterminding a Rs 1,825 crore GST refund fraud, has been arrested by DGGI officers upon his return from Dubai. He is alleged to have evaded investigation and is wanted in other economic criminal cases.
The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.
The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.
India's net direct tax collections increased by 5.12 per cent to over Rs 23.40 lakh crore in the 2025-26 fiscal year, but this figure still fell short of the revised budget target of Rs 24.21 lakh crore, primarily due to income tax cuts implemented earlier in the year.
The headmistress and two other employees of a private school in Thane, Maharashtra, have been arrested for allegedly demanding and accepting bribes from parents seeking admission for their children.
The airline announced that it will fully refund all bookings cancelled between December 5 and December 15 and will offer a waiver on all cancellation and rescheduling requests.
A Delhi consumer commission has directed a transport service provider to refund money and pay compensation to a man whose wedding procession was delayed after a hired bus broke down.
Uttarakhand Police rescued a group of Char Dham tourists after they were allegedly harassed and physically assaulted by their travel guide near a food joint in Pauri Garhwal. The Delhi-based group had booked their pilgrimage through an online agency and faced issues with the guide's behaviour throughout their journey.
The Ministry of Education has dismissed concerns about On-Screen Marking (OSM) affecting students' scores in CBSE class 12 exams and announced a reduction in revaluation and answer sheet verification charges to ease student anxiety.
A nurse in Mumbai was allegedly cheated of 1 lakh after attempting to purchase a dress online for 299, highlighting the risks of online shopping scams.
A nurse in Mumbai was allegedly cheated of 1 lakh after attempting to purchase a dress online for 299, police said.
'IndiGo abruptly cancelled our Kolkata-Purnea flight citing bad weather, despite clear conditions and another airline operating the same route, causing severe inconvenience.'
The CBI has filed a chargesheet against Sequel Buildcon Private Limited for allegedly cheating homebuyers and siphoning off funds issued by PNB Housing Finance for a Noida-based project.
Delhi Police have arrested an immigration consultant accused of defrauding a woman of approximately Rs 1.83 crore by falsely promising Canadian immigration through a business investment programme.
Rather than thinking it as an unfortunate event, experts urge students to see it as 'another opportunity to improve your score. Focus on improving in your weak chapters/units.'
