18 Feb, 2025
Introduction Tesla Inc. is actively recruiting for 13 job positions in India, primarily in Mumbai and Delhi, reinforcing speculation about its long-anticipated entry into the Indian market. This development follows a high-profile meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi, suggesting that Tesla is preparing to introduce its new affordable electric […]
Read More15 Feb, 2025
Introduction The Andhra Pradesh High Court has ruled that GST registration cannot be denied merely because the applicant is from another state. The Division Bench of Justices R Raghunandan Rao and Harinath N. emphasized that such a restriction is not supported by the CGST Act or APGST Act and that every Indian citizen has the […]
Read More15 Feb, 2025
Introduction The New Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman, aiming to replace the Income Tax Act of 1961 with a more simplified and transparent tax structure. The bill was passed for review via a voice vote and is now under examination by a 31-member Select […]
Read More15 Feb, 2025
Introduction The Goods and Services Tax Network (GSTN) has issued updated guidelines for GST registration in 2025. The process aligns with Rule 8 of the CGST Rules, 2017, ensuring a streamlined authentication process for new applicants. This advisory details the registration steps for applicants opting and not opting for Aadhaar authentication, along with requirements for […]
Read More14 Feb, 2025
Importance of Personal Hearing in GST Assessment The Andhra Pradesh High Court, in the case of Sri Srinivasa Lorry Transport v. Assistant Commissioner ST (W.P. Nos. 5385 & 5456 of 2021, dated September 11, 2024), reaffirmed the fundamental principle of natural justice—every taxpayer must be granted an opportunity for a personal hearing before an adverse […]
Read More14 Feb, 2025
Introduction West Bengal’s economic trajectory in recent years has been a remarkable example of growth driven by fiscal discipline. With a structured approach to financial management, strategic capital expenditure, and effective revenue generation, the state has successfully strengthened its economic foundation while ensuring sustainable development. Rising GSDP and Economic Expansion Over the past decade, West […]
Read More14 Feb, 2025
India’s state finances have been under scrutiny, with some states struggling with mounting debt while others have successfully managed their fiscal health. Among them, Gujarat, Odisha, West Bengal, and Maharashtra stand out for their ability to control rising debt-to-GSDP ratios, unlike other states witnessing increasing fiscal pressure. How These States Cracked the Debt Code The […]
Read More14 Feb, 2025
VAT Refund Directed After Adjustment Due to Lack of Mechanism Post-GST: HC Ruling The transition from VAT to the Goods and Services Tax (GST) regime in India left several businesses grappling with unresolved tax refunds. A recent judgment by the Calcutta High Court in Aparnaa Sarees (P.) Ltd. v. State of West Bengal [R.V.W. 266 […]
Read More13 Feb, 2025
The Enforcement Directorate (ED), Kolkata, recently issued a No Objection Certificate (NOC) to the Bank of India for immovable properties valued at approximately ₹7 crore. This move facilitated the completion of the auction sale process under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This case highlights the […]
Read More13 Feb, 2025
GST on Herbal Smoke Sticks: Why Certification Matters The Gujarat Appellate Authority for Advance Ruling (AAAR) has reaffirmed that herbal smoke sticks, if not certified by the Ministry of AYUSH, do not qualify for a lower GST rate. This ruling highlights the importance of regulatory compliance for businesses dealing in herbal and Ayurvedic products. The […]
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