10 Jul, 2025
GST Council Meeting Postponed: Key Issues Awaiting Decisions The next GST Council meeting is likely to happen only after the Monsoon Session of Parliament. With several key reports from Groups of Ministers (GoMs) still pending, major tax decisions—especially around online gaming, GST tribunals, and rate rationalisation—remain on hold. Here’s a breakdown of what’s delayed and […]
Read More10 Jul, 2025
Clause 451 vs Section 271DA What’s Changing in Cash Transaction Penalties? Clause 451 of the Income Tax Bill, 2025 proposes a major revamp of penalty provisions for violations of Section 269ST — the rule that bars cash receipts of ₹2 lakh or more. It replaces the existing Section 271DA with a more precise, procedural framework. […]
Read More10 Jul, 2025
Summary Delhi government has announced a one-time tax amnesty scheme to resolve legacy pre-GST disputes. Traders can settle pending VAT, CST, and luxury tax dues with major waivers on interest and penalty. The scheme aims to unclog pending assessments and boost state revenue. Delhi’s One-Time Tax Amnesty Scheme: What It Means for You The one-time […]
Read More10 Jul, 2025
WhatsApp Notice for GST Detention Is Not Valid Under GST law, serving a notice for detention or confiscation of goods is a serious legal step. The answer is no—and courts have now clarified this. In this blog, we break down the legal position, recent case law, and what taxpayers must know. Why Mode of Notice […]
Read More10 Jul, 2025
Interest Income Deduction under Section 80P(2)(d): Gujarat HC Favouring Cooperative Banks The Gujarat High Court has clarified a major issue in cooperative tax law—whether cooperative banks can claim deduction under Section 80P(2)(d) for interest income received from investments in other cooperative societies. The answer: Yes, they can. This ruling offers significant relief to many urban […]
Read More10 Jul, 2025
SEBI NSEL Settlement Scheme for Stock Brokers: What is it? The SEBI NSEL Settlement Scheme offers a one-time opportunity for stock brokers to settle their outstanding liabilities related to the ₹5,600 crore NSEL payment crisis. Announced in June 2024, this move follows the Bombay High Court’s 2019 judgment holding brokers accountable for unauthorized commodity trades […]
Read More10 Jul, 2025
GST Jurisdiction Overlap Dispute: Madras HC Clarifies Boundaries In a significant ruling on GST jurisdiction overlap, the Madras High Court has provided much-needed clarity for taxpayers facing simultaneous notices from both Central and State GST authorities. The judgment in 2025 TAXSCAN (HC) 1263 addressed a writ petition filed by a taxpayer alleging double jeopardy under […]
Read More10 Jul, 2025
MCA 38 Company Forms Launch: What Indian Businesses Need to Know The Ministry of Corporate Affairs (MCA) will roll out the final set of 38 company forms on 14th July 2025 as part of its Version 3 (V3) upgrade. To facilitate this transition, MCA has scheduled a portal downtime from 12th to 14th July 2025, […]
Read More10 Jul, 2025
GST on Insurance Premiums 2025: What You Need to Know A major GST cut on insurance is reportedly under discussion by the government for 2025. If approved, this could lower premiums for crores of policyholders across India. Currently, most insurance policies attract 18% GST — a cost that directly hits your pocket, especially on large-value […]
Read More10 Jul, 2025
Introduction:WhatsApp GST notice invalid — this recent Kerala High Court judgment is a major wake-up call for tax officers and taxpayers. This blog breaks down the judgment, its legal basis, and how you can safeguard against invalid notices. What Was the Case About? In Kun Motor Company Pvt Ltd v. STO [2024 (76) GSTL 282 […]
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