13 Feb, 2025
Small and Midcap SIPs: Balancing Growth with Caution Systematic Investment Plans (SIPs) in small and midcap mutual funds have gained massive traction in India, with record-breaking inflows in January 2025. However, recent trends and expert warnings highlight the risks of overvaluation and market corrections. Should investors rethink their SIP strategy? Let’s break it down. Recent […]
Read More13 Feb, 2025
GST on Term Insurance: A Potential Shift in Taxation A ministerial panel under the Goods and Services Tax (GST) Council is considering a proposal to levy a 5% GST with input tax credit (ITC) on term insurance plans. The move follows extensive industry consultations, as insurers push for a balance between tax relief and financial […]
Read More13 Feb, 2025
🌟 Nifty 50 Market Analysis: Resistance, Support & Volatility The Nifty 50 index has recently witnessed significant fluctuations, testing key support and resistance levels. Investors and traders must stay updated on these crucial levels to make informed decisions. Let’s dive into a detailed analysis of the latest trends, technical indicators, and strategic insights. ⚡ Current […]
Read More13 Feb, 2025
Leased Property GST ITC: Legal Disputes and Policy Uncertainty The eligibility of input tax credit (ITC) on leased property construction expenses remains a contentious issue, with businesses caught between legal interpretations and evolving government policies. While the Supreme Court’s Safari Retreats ruling (October 2024) brought temporary relief by allowing ITC on leased properties, a subsequent […]
Read More13 Feb, 2025
Is GST a Broken Promise? As Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” When India introduced the Goods and Services Tax (GST), it was hailed as a transformative reform that would simplify the tax system, eliminate cascading levies, and create a unified national market. […]
Read More13 Feb, 2025
🚀 GST Registration Process: What You Need to Know GST registration is mandatory for businesses exceeding the turnover threshold. Recent updates to Rule 8 of the CGST Rules, 2017 bring notable changes, particularly in Aadhaar authentication, biometric verification, and document verification. Here’s a simplified breakdown of the latest advisory. 🔹 1. Applicants Not Opting for […]
Read More12 Feb, 2025
GST Rate Cuts Likely Soon: What It Means for You Finance Minister Nirmala Sitharaman recently informed the Rajya Sabha that a reduction in Goods and Services Tax (GST) rates is under discussion. The GST Council is actively working on rationalising the tax slabs to simplify compliance and reduce the overall tax burden. With the average […]
Read More12 Feb, 2025
Introduction The applicability of GST on leasehold rights transfers has sparked debate in the taxation landscape. A recent Gujarat High Court ruling has provided relief to businesses by ruling that GST is not applicable on the transfer of leasehold rights. However, the government is now considering a Special Leave Petition (SLP) in the Supreme Court […]
Read More12 Feb, 2025
Centre’s Retrospective GST Amendment: Legal and Industry Concerns The Centre’s move to introduce a retrospective amendment to Section 17(5) of the Goods and Services Tax (GST) Act in Budget 2025 has triggered widespread legal and industry debate. The amendment seeks to nullify a Supreme Court ruling that previously allowed real estate firms to claim Input […]
Read More12 Feb, 2025
GST Evasion of ₹1.88 Lakh Crore Uncovered by CGST Officers The fight against GST evasion has intensified, with Central GST (CGST) officers detecting fraudulent activities worth ₹1.88 lakh crore between April and December 2024. This marks a significant challenge in India’s tax administration, revealing deep-rooted input tax credit (ITC) fraud and fake registrations. But what […]
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