Under the GST 2.0 regime, India is enhancing tax compliance through expanded e-invoicing mandates and advanced AI-driven invoice monitoring—a leap toward real-time transparency and fraud control. E-Invoicing Becomes More Inclusive The e-invoicing threshold has been steadily lowered from ₹500 crore down to ₹5 crore, effective 1 August 2023. Now, businesses with an aggregate annual turnover…

The Central Board of Direct Taxes (CBDT) has announced an extension of the Income Tax Return (ITR) filing deadline for the Assessment Year 2025–26 (for income earned in FY 2024–25). The new due date for non-audit taxpayers is 15 September 2025, providing individuals and small businesses additional time to file their returns without penalty. Who…

The Indian Parliament has passed the Promotion and Regulation of Online Gaming Act, 2025, marking a significant shift in the online gaming landscape. The Act not only bans real-money games but also paves the way for e-sports and social gaming under a new regulatory framework. Timelines On 20 August 2025, the Lok Sabha passed the…

The Government of India has announced a sweeping overhaul of the Goods and Services Tax (GST), marking the most significant reform since 2017. Branded as GST 2.0, the changes are designed to simplify the tax system, reduce the burden on essential goods and services, and promote compliance through transparency and efficiency. These reforms will be…