By Sandal Khan Business Correspondent, Zee Media Updated: October 10, 2026 In a significant move toward easing the compliance burden for taxpayers, the Central Board of Direct Taxes (CBDT) has introduced critical amendments to the regulatory framework governing penalty waivers. These changes, centered on the newly revised Form 161, provide a clearer, more accessible pathway […]
GST Reform: Industry Leaders Applaud Penalty Reductions as a Catalyst for Economic Ease
NEW DELHI – In a significant policy shift aimed at bolstering the domestic business environment, the Indian government has announced a comprehensive restructuring of the penalty framework under the Goods and Services Tax (GST) regime. The move, long sought after by trade bodies and corporate entities, is being hailed as a transformative step toward simplifying […]