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India's International Train Links: These 5 Indian Stations Connect You To Another Country By Train GST New Rule From July 2025: The Goods and Services Tax Network (GSTN) has announced significant changes effective from the July 2025 tax period. Going forward, the monthly GST payment form GSTR-3B will become non-editable after filing. Additionally, taxpayers will no longer be allowed to file any GST returns beyond three years from their original due dates. According to the advisory, GSTR-3B will continue to be auto-populated based on sales data submitted in forms like GSTR-1. However, any corrections or updates must be made beforehand through the newly introduced GSTR-1A form. The revised details will then automatically reflect in GSTR-3B. Once filed, the GSTR-3B form cannot be manually edited, marking a major shift from the current system. "For the July 2025 tax period, to be filed in August 2025, the auto-populated tax liability in GSTR-3B will be final and cannot be changed after filing," the advisory stated. This move is aimed at improving data accuracy between different GST forms and preventing tax leakage. GSTR-3B is a monthly summary return used to report tax liability and is filed between the 20th and 24th of each month, depending on the type of taxpayer. Currently, businesses receive a pre-filled version of this form, but they can still make edits before final submission. That flexibility will no longer be available after the new rule kicks in. In another important update, GSTN said that starting from July 2025, taxpayers will not be able to file any GST return if it is more than three years late. This includes monthly returns like GSTR-1 and GSTR-3B, annual returns like GSTR-9, and other returns such as GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, and GSTR-8. This rule was introduced through the Finance Act, 2023, and will now be implemented on the GST portal. It means that if a return is not filed within three years of its due date, it will become permanently time-barred and cannot be submitted. GSTN has advised all taxpayers to reconcile their accounts and file any pending returns as soon as possible to avoid being locked out by the new time limit. (With Inputs From IANS)
New Delhi, Oct 26: India's economy is expected to maintain steady growth in the second half of FY26, driven by robust domestic consumption despite global headwinds, according to an SBI Capital Markets (SBICAPS) report. While escalating trade tensions and high tariffs -- particularly the US imposing 50 per cent duties on Indian exports -- pose external challenges, India's internal demand continues to anchor growth. Government-led capital expenditure at both central and state levels has increased, supporting investment momentum. To stimulate consumption, recent GST rate adjustments were timed ...Read More >
New Delhi, July 1 (SocialNews.XYZ) India's Goods and Services Tax (GST) system has emerged as one of the biggest success stories in the last decade, reflecting a growing formal economy and rising compliance, noted economist and former IMF Executive Director, Dr Surjit Bhalla, said on Tuesday. In an exclusive interaction with IANS, Bhalla highlighted that GST has not only increased tax revenue significantly but has also brought more businesses and individuals under the formal tax net. "The GST has performed well, and more individuals have entered the formal tax net. That's a good sign," he sa ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) India's economic expansion and its GDP growth are clearly on the right path despite geopolitical turbulence and tariff uncertainties, and this is showing in numbers too, economist Akash Jindal said on Thursday. Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global has upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. Reacting to the report, Jindal told IANS that fiscal consolidation is very important for any economy, and the In ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
New Delhi, July 1 (SocialNews.XYZ) The Goods and Services Tax (GST) has been one of the most significant reforms undertaken in India over the past decade, Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, said on Tuesday. According to him, GST has not only expanded the country's taxpayer base but also made doing business considerably easier compared to earlier times. In a conversation with IANS, Sharma said, "Over the last ten years, India has witnessed several important structural changes, and GST stands out among them." "The impact is clearly visible in the numbers. In the fin ...Read More >
NEW DELHI: The fault lines within the Aam Aadmi Party (AAP) have burst into the open, with senior leaders publicly taking aim at Rajya Sabha MP Raghav Chadha in an unusually sharp and direct escalation a day after the party removed him from the deputy leader's post in the Rajya Sabha.The flashpoint came after Chadha questioned his removal, triggering pointed rebuttals from leaders like Saurabh Bhardwaj, former CM Atishi, Punjab CM Bhagwant Mann and MP Sanjay Singh.Former Delhi chief minister Atishi, in a post on X, raised pointed questions for Chadha."Are you scared of Modi Ji?" she asked.She ...Read More >
Patna: Senior BJP leader and deputy CM Samrat Choudhary on Saturday reacted over Congress MP Rahul Gandhi's "match-fixing" remarks on the coming Bihar polls and said if the leader of opposition in the Lok Sabha doesn't have faith in democracy, he should ask the state govts, led by his party, to resign and seek a fresh people's mandate.The Congress MP on Saturday again accused the BJP of rigging elections in Maharashtra last year and warned against similar "match-fixing" activities by the saffron party in the upcoming Bihar elections.In a strong rebuttal, Samrat said it is natural for a person, ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object inside the cell. DIG Prisons clarified that the incident was not premeditated and dismissed any spec ...Read More >
Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half a million units. New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half ...Read More >
New Delhi: In cricket, some defeats leave a scar that generations remember. Something like that happened on Monday as India's narrow loss at Lord's in the third Test against England brought back the vivid memories of another heartbreaker. The match took us back to 26 years ago when in Chennai India fell agonisingly short against arch rivals Pakistan despite Sachin Tendulkar's brilliance. Mohammed Siraj's dismissal stirred the deja vu of Chennai. On a tense final day at Lord's, India needed 21 more runs with just one wicket in hand. Ravindra Jadeja was holding the series single-handedly from o ...Read More >
New Delhi, Oct 18: The recent GST rate cuts have sparked a nationwide shopping surge, making Navratri sales one of the largest consumption waves in years in automobiles, consumer electronics and e-commerce, according to industry estimates. Analysts projected festive and wedding season turnover to exceed ₹7 lakh crore. Digital payments jumped tenfold overnight, from ₹1.18 lakh crore on September 21 to ₹11.31 lakh crore on September 22, as shoppers rushed to take advantage of GST savings, according to industry data. Delhi's festive sales are estimated at ₹75,000 crore, while Ahmedabad experien ...Read More >
New Delhi: Delhi govt has announced a city-wide rollout of underground electric wiring as part of a Rs 100-crore initiative. The move aims to ensure a safer, cleaner and uninterrupted power supply for residents across the capital, chief minister Rekha Gupta said on Saturday while launching the city's first pilot project of underground wiring in Shalimar Bagh.Gupta said the work at her constituency Shalimar Bagh would be completed in approximately three months. At least 5,500 families residing in BH block Janta flats of Shalimar Bagh will benefit from the scheme, which will also improve the aes ...Read More >
NEW DELHI, Oct 21: Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country's retail and trading history. This marks a 25 per cent increase over 2024 festive sales (Rs 4.25 lakh crore) from the Navratri to Diwali period, according to CAIT Research and Trade Development Society, the research wing of the Confederation of All India Traders (CAIT). Mainline retail accounted for nearly 85 pe ...Read More >
Jaipur: Government banks across Rajasthan were closed, and around 11,000 bank employees and officers in the state joined the nationwide strike on Wednesday to press for their demands. The protest is part of a larger movement by bank employees in support of 17 key demands. According to Mahesh Mishra, General Secretary of the Rajasthan State Bank Employees Union, major banking associations have supported the strike. PNB, Bank of India, Indian Bank and Union Bank of India are observing strikes, he said. "The major issues being raised include opposition to bank privatisation, demand for the re ...Read More >
New Delhi, Jul 20 (PTI) Star Indian long jumper Murali Sreeshankar clinched the title with a leap of 7.75m at the Meeting Maia Cidade do Desporto in Maia, Portugal, a World Athletics Continental Tour Bronze-level meet. The Asian Games silver medallist registered his best effort in the second round on Saturday night. Sreeshankar opened with a 7.63m jump, followed it up with his winning leap of 7.75m in the second round, and then recorded a solid 7.69m. His third attempt was a foul, while his final two jumps were measured at 6.12m and 7.58m. Poland's Piotr Tarkowski matched Sreeshankar's 7.75 ...Read More >
New Delhi: The government's Next Gen GST reforms are beginning to show a strong impact on the economy as the ongoing festive season has witnessed record-breaking sales, especially in the automobile sector, experts said on Sunday. Income tax expert Vinod Rawal said that the benefits of the new GST system are clearly visible on the ground. "You see, the festive season has already begun. In the very first days of Navratri, when 45 per cent of sales are usually made, this time the record of the last 10 years has been broken," he told IANS. "Maruti has delivered 1,65,000 cars, Mahindra's sales h ...Read More >
New Delhi, April 6 (IANS) The Indian auto retail industry delivered an all-time high of 2,96,71,064 units in FY26 with a broad-based 13.30 per cent growth (year-on-year), that saw five of six vehicle categories set new annual records, data released by the Federation of Automobile Dealers Associations (FADA) said on Monday. This represents the domestic auto industry approaching the 3-crore mark in a financial year, a milestone that would have seemed distant just two years ago. "What makes this year particularly significant is that the growth was structurally sound, underpinned by improving af ...Read More >