24 Jul, 2025
MOOWR Scheme Online Application Extended Till October 2025 The CBIC has officially extended the facility for MOOWR Scheme online application via the Invest India portal till 31st October 2025. This scheme allows manufacturers to defer customs duty on imports used for export production or domestic clearance — a major relief for capital-intensive industries. What is […]
Read More24 Jul, 2025
DGFT Clarification on Para 2.12 of FTP 2023 The DGFT has recently issued a clarification regarding Para 2.12 of the Foreign Trade Policy 2023, which deals with import restrictions under the ITC (HS) classification. This update is crucial for Indian importers, customs authorities, and export-import consultants to ensure compliance with conditions laid out under Schedule […]
Read More24 Jul, 2025
Can You Claim ITC on Solar Power Used in Malls? Yes, Says AAR This was clarified by the Gujarat Authority for Advance Ruling (AAR) in a recent case involving a Vadodara-based mall operator. This blog breaks down the legal background, expert interpretation, and how businesses like malls can benefit from clean energy without losing out […]
Read More24 Jul, 2025
₹52.3 Lakh Addition Under Section 69A: ITAT Says Recheck The keyphrase Section 69A addition has again come into spotlight after a recent ITAT ruling. The case involved an unexplained cash deposit of ₹52.3 lakh, but the ITAT noted that the assessee was not grossly non-compliant and directed the Assessing Officer (AO) to conduct a fresh […]
Read More24 Jul, 2025
Congress ₹199 Cr Tax Demand: What the ITAT Dismissal Means The Income Tax Appellate Tribunal (ITAT) has dismissed the Indian National Congress’s appeal against a ₹199 crore tax assessment raised by the Income Tax Department. This key ruling brings serious implications for political party taxation under Indian law and reaffirms limits on the exemptions granted […]
Read More24 Jul, 2025
Why Income Tax Day Matters: A Look at India’s Tax Journey Income Tax Day marks a pivotal moment in India’s economic history. Celebrated on 24th July each year, it commemorates the introduction of income tax in 1860 by Sir James Wilson to overcome the financial crisis following the 1857 revolt. Now in its 166th year, […]
Read More24 Jul, 2025
Delhi GST Tightens Rules on High-Risk Registrations The Delhi GST Department has made timely verification of high-risk GST registration applications mandatory, warning officials against citing “jurisdictional mismatch” as an excuse for delay. This move aims to curb fake firms, improve compliance, and prevent revenue leakage. Why This Matters Delhi has seen a surge in high-risk […]
Read More24 Jul, 2025
IntroductionThe limitation period in GST is a critical safeguard for taxpayers. But when a show cause notice (SCN) lumps together multiple financial years, it raises a key legal question: does it defeat the time limit prescribed under Section 73 or 74 of the CGST Act? This blog breaks it down using case laws and CBIC […]
Read More24 Jul, 2025
Gameskraft GST Case: 28% Tax on Face Value Under Supreme Court Scrutiny The Gameskraft GST case is once again under the Supreme Court’s spotlight. On 23 July 2025, lawyers representing online gaming and casino platforms strongly challenged the levy of 28% GST on the face value of bets, calling it arbitrary, unworkable, and contrary to […]
Read More24 Jul, 2025
Why Did Govt Forego ₹99,000 Crore in Corporate Tax Revenue? As per a written reply by the Ministry of Finance in July 2025, the government forewent ₹99,000 crore in corporate tax revenue in FY24. This was not a leak or loss—it was a deliberate policy choice. Let’s break down what this means and why it […]
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