10 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 […]
Read More10 Jul, 2025
Four key economic bills in Monsoon Session 2025: What to expect India’s Monsoon Session 2025 is set to witness the tabling of four key economic bills that could impact taxation, business regulation, and dispute resolution. These reforms are aimed at faster adjudication, global trade facilitation, and improved ease of doing business. Let’s break down each […]
Read More10 Jul, 2025
Summary Rising health insurance premiums coupled with 18% GST are making policies unaffordable for India’s middle class. Here’s how taxation is impacting coverage—and what needs urgent reform. Why Middle-Class Indians Are Dropping Health Insurance Health insurance GST impact is now a serious concern for salaried families and small business owners. With premiums rising 10–25% annually […]
Read More10 Jul, 2025
Karnataka Non-Tax Revenue Doubles in April–May FY 2025 Karnataka non-tax revenue rose by a staggering 134% in the first two months of FY 2025, compared to the same period last year. This sharp rise in collections is reshaping the state’s fiscal outlook and highlights the changing dynamics of government income beyond just GST and direct […]
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