28 Jul, 2025
Section 54EC Bonds vs Mutual Funds: Which is Better to Save Capital Gains Tax? When you sell a property and earn long-term capital gains, Section 54EC bonds are one of the safest ways to save tax. But with just 5.25% taxable returns and a 5-year lock-in, are they worth it? Or should you consider mutual […]
Read More28 Jul, 2025
Vedanta GST Penalty: Why ₹15.4 Lakh Was Imposed Over CENVAT Credit Vedanta’s ₹15.4 lakh GST penalty has reignited a critical discussion around transitional credit misuse and legacy tax liabilities. The case stems from Vedanta’s attempt to use CENVAT credit to discharge excise duty, a move that the tax authorities held to be incorrect. Let’s break […]
Read More28 Jul, 2025
GST on Sale of Medicines and Implants by Hospitals: What Guj HC Said The Gujarat High Court has ruled that private hospitals must pay GST on the sale of medicines, implants, and stents supplied independently to patients, even during treatment. This has stirred significant debate within the healthcare and tax community. Let’s break down what […]
Read More28 Jul, 2025
₹260 Cr Fake Billing Scam in GST: What Happened? A massive fake billing scam in GST has been busted in Mandi Gobindgarh, Punjab. The case involves the generation of bogus invoices amounting to ₹260 crore through shell companies dealing in scrap and iron trade. This incident is yet another wake-up call on how fake invoicing […]
Read More28 Jul, 2025
India’s Carbon Tax Response: What It Means for Trade and Policy India’s carbon tax response is back in the spotlight as the UK considers levying a border carbon tax on imports from countries with high carbon footprints. Commerce and Industry Minister Piyush Goyal has made it clear: India will not sit silent if such a […]
Read More28 Jul, 2025
Intro:A fake ITC racket worth ₹11 crore has been busted by the Assam State GST Department, exposing yet another misuse of Input Tax Credit provisions under GST. The accused allegedly created multiple fake firms to issue invoices without actual supply of goods or services. What is a Fake ITC Racket? Fake ITC (Input Tax Credit) […]
Read More28 Jul, 2025
Cost Inflation Index FY 2024-25 What You Must Know The cost inflation index (CII) for FY 2024-25 has been notified by CBDT as 363, up from 348 in the previous year. This simple but powerful number plays a crucial role in calculating long-term capital gains (LTCG) and reducing your tax liability on assets like property […]
Read More28 Jul, 2025
Why Hyundai India Got a ₹517.34 Cr GST Demand A recent GST investigation led to a tax demand on Hyundai India totalling ₹517.34 crore, including interest and penalties. This case sheds light on how input tax credit (ITC) claims, dealer incentives, and advertisement costs are scrutinised by tax authorities under the CGST law. Breakdown of […]
Read More28 Jul, 2025
GST registration misuse via Aadhaar: Bombay HC steps in In a landmark case, the Bombay High Court ordered cancellation of a GST registration obtained by misusing someone else’s Aadhaar and PAN. The judgment reaffirms the importance of identity verification in GST registration and signals tighter enforcement under KYC norms. Let’s break down what happened, what […]
Read More28 Jul, 2025
Relief Alert: Low-Value Income Tax Cases to Be Dropped Soon The low-value income tax cases pending at various appeal levels are likely to be withdrawn soon. The Central Board of Direct Taxes (CBDT) is planning a one-time relief scheme targeting small taxpayers entangled in long-pending litigation. This move aligns with earlier policy efforts to reduce […]
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