22 Jul, 2025
GST on motion-lit toys may change soon The GST on motion-lit toys is under review. The Commerce Ministry has asked the GST Council to rationalize the current tax rate of 18%, as it’s higher than the 12% charged on non-electronic toys. If approved, this change could directly benefit Indian toy manufacturers and importers who deal […]
Read More22 Jul, 2025
GST on Gaming Cashbacks and Bonuses: Explained Simply With GST on gaming cashbacks and bonuses in the spotlight, several gaming companies have received tax notices for not paying GST on promotional incentives like cashback, welcome bonuses, and referral credits. The GST authorities argue that these are part of “consideration” under Section 15 of the CGST […]
Read More22 Jul, 2025
Why a GST Notice to Vendor Is Making News The vendor, who sells produce on a cart, became a victim of GST identity misuse — raising fresh concerns over data safety and tax portal vulnerabilities. If you’re a small trader, this story is a wake-up call. Here’s a breakdown of what happened, why it matters, […]
Read More22 Jul, 2025
GST Appellate Benches Still Not Functional in 45 Locations: What It Means for Taxpayers The GST Appellate Tribunal (GSTAT), a critical body for resolving indirect tax disputes, is still not operational in 45 locations across India. This was confirmed by the Ministry of Finance in the Lok Sabha in July 2025. The delay has raised […]
Read More22 Jul, 2025
TDS Refunds and Trust Taxation: What’s Changing Under the New Income Tax Bill? The new Income Tax Bill proposed by the Parliamentary Standing Committee brings major changes in TDS refund claims and taxation of trusts. These changes aim to reduce litigation, modernise compliance, and streamline India’s income tax law structure—currently based on the 1961 Act. […]
Read More22 Jul, 2025
Intro:The GST compensation cess merger is reportedly under discussion between the Centre and states. If implemented, it could permanently integrate this cess into the GST regime. This development could impact product prices, revenue distribution, and compliance burdens for taxpayers across India. What Is GST Compensation Cess? The GST Compensation Cess was introduced under Section 8 […]
Read More22 Jul, 2025
Intro:The Income Tax Bill 2025 has come under scrutiny as the Parliamentary Standing Committee identified 32 key issues needing urgent attention. From ambiguities in definitions to concerns around taxpayer burden, the report signals that reforms must balance efficiency with fairness. Let’s break it down. Why Is the Income Tax Bill 2025 Important? The Bill aims […]
Read More22 Jul, 2025
GST rate cut decision pending as GoM report delayed The much-anticipated GST rate cut is still in limbo. This has left many businesses and consumers wondering what to expect and when. Let’s decode the current status and its implications for Indian taxpayers. What is the GoM report on GST rate cuts? Finance Ministry’s official stance […]
Read More22 Jul, 2025
Don’t Fall for Fake GST Notices — CBIC Warns Taxpayers The Central Board of Indirect Taxes and Customs (CBIC) has issued an official alert cautioning businesses and individuals against fake GST violation notices being circulated via email, WhatsApp, and SMS. These fraudulent messages falsely claim to be from GST authorities and often contain intimidating language […]
Read More22 Jul, 2025
GST Input Tax Credit Fraud in Mumbai: ₹10 Cr Scam Busted A shocking case of GST input tax credit fraud has emerged from Mumbai, where the owner of a fake cement trading firm was arrested for availing ₹10 crore in fraudulent ITC without actual supply of goods. As per DGGI sources, the accused floated shell […]
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