07 Mar, 2025
Introduction The absence of a GST Tribunal in India is causing significant hardship for taxpayers. Despite the Central Government’s announcement six months ago, the tribunal is yet to be established. This delay has forced taxpayers to take their appeals directly to the High Court, adding to an already overwhelming backlog of cases. Currently, GST disputes […]
Read More07 Mar, 2025
Introduction The Chief Minister of Madhya Pradesh recently proposed an increase in the states’ share in central taxes from 41% to 48% to the 16th Finance Commission. This recommendation has sparked debates about fiscal federalism, revenue allocation, and financial autonomy of states. But what does this proposal mean for India’s economic structure? Understanding the Tax […]
Read More07 Mar, 2025
Introduction The Rajasthan GST Department has announced a mandatory virtual hearing system for all tax matters, aiming to enhance transparency and efficiency in tax proceedings. This move aligns with para 143 of the Budget Speech 2025-26 and is authorized under Section 168 of the Rajasthan GST Act, 2017 (RGST Act, 2017). This initiative is part […]
Read More06 Mar, 2025
Introduction In 2025, Indian states are poised to embark on an unprecedented borrowing spree, with plans to raise a record ₹4.73 trillion in the first quarter alone. This surge in debt supply is set to elevate borrowing costs, posing significant challenges to state finances and the broader economy. The Debt Landscape: A Closer Look Rising […]
Read More06 Mar, 2025
Introduction In a significant move to manage liquidity deficits, the Reserve Bank of India (RBI) has announced an injection of ₹1.9 lakh crore into the financial system. This will be executed through Open Market Operations (OMO) and a USD/INR Buy/Sell Swap auction worth $10 billion in March 2025. Why is RBI Injecting Liquidity? Several factors […]
Read More05 Mar, 2025
Relief for IndiGo: Delhi HC Strikes Down IGST on Aircraft Repairs The Delhi High Court has provided a significant relief for aviation companies, including IndiGo, by striking down the Integrated Goods and Services Tax (IGST) levy on the repair cost of goods re-imported into India after overseas maintenance. This ruling declared unconstitutional a provision in […]
Read More05 Mar, 2025
Bombay HC Pauses GST Demand on Mad Over Donuts: Key Takeaways In a case that could reshape GST classification for bakery and restaurant businesses, the Bombay High Court has temporarily restrained tax authorities from enforcing GST recovery against Mad Over Donuts (Himesh Foods). The dispute revolves around whether the supply of donuts qualifies as restaurant […]
Read More05 Mar, 2025
GST Biometric Authentication: A Game-Changer for Registration To enhance ease of doing business, the Tax Administration has introduced a new facility allowing promoters and directors of businesses applying for Goods & Services Tax (GST) registration to complete biometric authentication in their home state. This change eliminates the requirement to travel to a jurisdictional GST Suvidha […]
Read More04 Mar, 2025
Introduction The wheat industry has raised concerns over rising market volatility and speculative pricing, calling for a reduction in import duty on wheat. This request comes as domestic wheat prices fluctuate due to supply chain disruptions, climate concerns, and global economic trends. Experts argue that a lower import duty could help stabilize prices and ensure […]
Read More04 Mar, 2025
India’s FDI Decline: A Sign of Global Slowdown? Foreign Direct Investment (FDI) in India declined 5.6% year-on-year to USD 10.9 billion in the October-December 2023-24 quarter, down from USD 11.55 billion in the same period last year. This decline raises important questions about the impact of global economic uncertainty, geopolitical risks, and evolving investment policies […]
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