01 Apr, 2025
GST Collection Growth Surges 9.9% in March 2025: What It Means for India’s Economy India’s GST collection growth in March 2025 has sent a strong signal of fiscal resilience. The gross GST revenue stood at ₹1.96 lakh crore, reflecting a 9.9% year-on-year increase compared to March 2024. This is the second-highest monthly collection since the […]
Read More01 Apr, 2025
Indian Stock Market Slips on FY2025’s First Day: Tariff Tensions Trigger Drop On April 1, 2025, the Indian stock market opened on a bearish note, with the BSE Sensex plunging over 350 points and the Nifty 50 sliding below the 23,400 mark. The slide comes amid growing investor anxiety over reciprocal tariffs set to take […]
Read More01 Apr, 2025
GST on Used Cars: Reforming the Sector or Fueling Financial Strain? The government’s recent move to standardize GST on used cars at 18% has sparked a wave of confusion and debate in the auto resale sector. Contrary to misconceptions, this isn’t a fresh tax hike but a unification of the earlier dual tax slabs—12% for […]
Read More31 Mar, 2025
🚨 GST Rule 142(1A) Under Judicial Scrutiny: Telangana HC’s Intervention Explained In a major development that could impact thousands of GST-registered taxpayers, the Telangana High Court has admitted a writ petition challenging the recent amendment to Rule 142(1A) of the CGST Rules, 2017. The rule pertains to pre-show cause notice (SCN) intimation of tax liabilities, […]
Read More31 Mar, 2025
The Government has introduced last-minute relief measures under the GST Amnesty Scheme just days before the critical March 31, 2025 deadline for payment of outstanding tax dues. Through Notification No. 11/2025–Central Tax, the Ministry of Finance has amended Rule 164 of CGST Rules, aiming to address taxpayers’ practical difficulties in availing the amnesty relief for […]
Read More31 Mar, 2025
📌 Introduction: ED Crackdown in Gurugram Real Estate Scam In a significant development that highlights increasing regulatory action in India’s high-stakes property market, the Enforcement Directorate (ED) has provisionally attached immovable properties worth ₹94.82 crore in Gurugram. The assets belong to Sidharth Chauhan, promoter of Sidhartha Buildhome Pvt. Ltd., his associated entities, and linked individuals. […]
Read More31 Mar, 2025
🏨 CBIC Clarifies GST on Restaurant Services in Premium Hotels The Central Board of Indirect Taxes and Customs (CBIC) has released a detailed clarification confirming that restaurant services provided within high-end hotels—those charging more than ₹7,500 per room per day—will be subject to 18% GST with input tax credit (ITC) from April 1, 2025. This […]
Read More29 Mar, 2025
📢 New GST Rule from April 2025: Big Changes for Hotel Restaurants Starting April 1, 2025, restaurants operating within hotels that charge over ₹7,500 per room per day (at any point in the previous financial year) will now attract 18% GST with input tax credit (ITC). This update, as per the CBIC’s latest FAQ, marks […]
Read More29 Mar, 2025
🧾 Govt Eases GST Amnesty Scheme: What You Must Know Before March 31, 2025 With just days left before the crucial March 31, 2025 deadline for making GST tax payments under the GST Amnesty Scheme, the government has stepped in with last-minute amendments to address genuine difficulties faced by registered taxpayers. These changes, brought through […]
Read More29 Mar, 2025
📢 PAC Calls for GST 2.0 Reform to Ease Compliance Burden In a significant development for India’s indirect tax landscape, the Public Accounts Committee (PAC) has urged the Union Finance Ministry to initiate a comprehensive overhaul of the GST regime, proposing a taxpayer-friendly “GST 2.0” framework. The committee emphasized simplification, digital ease, and fairness—especially for […]
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