25 Jul, 2025
Summary GST notices to traders have triggered panic across markets. Poor data matching, hasty actions, and lack of field-level coordination have led to a compliance fiasco that was avoidable with better ground engagement and tech integration. Introduction GST notices to traders across India have sparked confusion and backlash, especially from small and medium businesses. Within […]
Read More25 Jul, 2025
GSTAT Delay: Budget, Laws, and Trade at Stake The delay in operationalizing GSTAT—the Goods and Services Tax Appellate Tribunal—is becoming a critical issue in India’s tax ecosystem. Despite legal backing under Sections 109–114 of the CGST Act, and constitutional support under Article 323B, GSTAT is yet to become fully functional even after eight years of […]
Read More25 Jul, 2025
No GST on UPI Transactions: What the Government Clarified Amid widespread confusion, the government has officially clarified that no GST is levied on UPI transactions, even those above ₹2,000. In a written reply to the Rajya Sabha on 23 July 2025, Minister of State for Finance Shri Pankaj Chaudhary dismissed all social media rumors about […]
Read More25 Jul, 2025
Online Gaming Platforms Blocked: Tax Crackdown Begins In a major move to curb illegal offshore betting and online gambling, the Indian government has blocked 1,524 online gaming platforms. The Ministry of Electronics and IT took this action after receiving requests from the Central Board of Indirect Taxes and Customs (CBIC) and the Directorate General of […]
Read More25 Jul, 2025
CBDT Notification Enables Tax Benefits Under Section 35 The Central Board of Direct Taxes (CBDT) has approved Gitarthganga Trust and IQRAA International Hospital & Research Centre for tax benefits under Section 35(1)(iii) of the Income-tax Act, 1961. This move allows donors to claim 100% deduction for contributions made to these institutions for scientific research and […]
Read More25 Jul, 2025
CBIC Clarifies DFIA Input Correlation Rules Under FTP 2023 The DFIA correlation rule under the Foreign Trade Policy 2023 has now been clarified by CBIC. As per CBIC Circular No. 13/2024-Customs dated 10th July 2024, the requirement to establish a clear correlation between inputs imported and the exported goods applies only to items listed in […]
Read More25 Jul, 2025
Refund of Service Tax on Ocean Freight: Current Status The refund of service tax on ocean freight is currently stayed, as the Supreme Court is yet to pronounce its final verdict on the constitutional validity of the levy. For many importers who paid service tax under protest between 2017 and 2020, this stay has put […]
Read More25 Jul, 2025
Intro:Understanding the types of invoices under GST is essential for any Indian business. Whether you’re claiming input tax credit (ITC), dealing with exports, or raising bills under reverse charge, using the correct invoice is a legal must — and your best defence in a GST audit. 📌 Why Knowing the Right GST Invoice Matters Choosing […]
Read More25 Jul, 2025
Electronic Data Without Section 36B Not Valid for Excise Demand In a recent case, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) clarified that electronic data without Section 36B certification and statements recorded without complying with Section 9D of the Central Excise Act, 1944 cannot be used as the sole basis for raising an […]
Read More25 Jul, 2025
No GST on UPI Transactions Above ₹2,000: What You Should Know The question of GST on UPI transactions above ₹2,000 created buzz recently. But let’s clear the air—there’s no GST levied on UPI payments, whether above or below ₹2,000, when it’s a money transfer and not linked to a taxable supply. Here’s what the government […]
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