13 Jun, 2025
CBIC Lifts Export Curbs on Leather Key Clarification on SCOMET Policy In a move welcomed by Indian exporters, the Central Board of Indirect Taxes and Customs (CBIC) has removed export restrictions on select leather products, easing trade barriers and clarifying policies related to SCOMET items. The Directorate General of Foreign Trade (DGFT) has also issued […]
Read More13 Jun, 2025
DGFT Amends Export Council for Non-Preferential Certificate of Origin The Directorate General of Foreign Trade (DGFT) has updated the name and contact details of the authorised Export Promotion Council responsible for issuing Non-Preferential Certificates of Origin (CoO). This change is crucial for Indian exporters, as the Non-Preferential CoO is a mandatory document to prove origin […]
Read More13 Jun, 2025
No MDR on UPI Payments What the Finance Ministry Really Said A recent social media storm falsely claimed that the Indian government plans to introduce Merchant Discount Rate (MDR) on UPI payments. This led to confusion among small businesses and digital users. Let’s break it down — officially and simply. What Is MDR on UPI […]
Read More13 Jun, 2025
India’s Retail Inflation Falls to 2.8% What It Means for You India’s retail inflation, as measured by the Consumer Price Index (CPI), eased to a six-year low of 2.8% in May 2025. This marks a sharp decline from 3.16% in April 2025 and is the lowest CPI level since February 2019. Notably, food inflation dropped […]
Read More13 Jun, 2025
Over 3 Lakh GST Amnesty Applications Filed Key Update from GSTN Over 3 lakh taxpayers have already filed their applications under the GST Amnesty Scheme 2025, triggering a rush on the GST portal. In response to complaints about filing glitches and system errors, the GST Network (GSTN) has now issued a formal advisory to assist […]
Read More13 Jun, 2025
RBI Bond Buyback and Liquidity: What It Means for You The Reserve Bank of India (RBI) has recently turned to RBI bond buyback as a strategic tool to manage banking system liquidity. While the term may sound technical, its implications are very real for Indian businesses, borrowers, and investors. This blog simplifies what RBI’s bond […]
Read More13 Jun, 2025
Advance Tax Due Date 15 June 2025: What You Must Know Are you liable to pay advance tax by 15 June 2025?If your total tax liability for FY 2025–26 exceeds ₹10,000 (after TDS/TCS), you are legally required to pay advance tax. The first instalment (15% of total tax) is due by 15th June 2025 under […]
Read More13 Jun, 2025
GST Registration Cancellation SCN Delay Violates Business Rights In a significant verdict, the High Court has ruled that prolonged suspension of GST registration without timely conclusion of show cause notice (SCN) proceedings is unjust. The judgment reinforces that procedural delays in GST registration cancellation directly violate a taxpayer’s right to carry on business. Background: GST […]
Read More13 Jun, 2025
IntroductionDGGI dropping Infosys case has sparked wide debate in the export and tech sectors. This development may signal a more balanced GST refund scrutiny process for India’s software exporters—especially those operating under LUTs or claiming zero-rated benefits. What Was the Infosys Case About? Why Is This Significant for Software Exporters? Key Legal Provisions Involved Legal […]
Read More13 Jun, 2025
Intro Paragraph:States demand higher tax share from the Centre, arguing that their contribution to GDP and population size must weigh more in the Finance Commission’s formula. Why Are States Asking for a Bigger Tax Share? India follows a tax devolution model where a part of the Union’s gross tax revenue is shared with States based […]
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