11 Jun, 2025
GST ITC Claimed Under Wrong Head Relief from Calcutta High Court Did you claim GST input under the wrong head in GSTR-3B—CGST/SGST instead of IGST?You’re not alone—and the Calcutta High Court has now stayed a reversal order in such a case, offering much-needed relief to taxpayers. Why This Matters Many businesses make clerical errors in […]
Read More11 Jun, 2025
SummaryFrom May 2025, a key GST rule mandates separate reporting of B2B and B2C sales in GSTR-1. Exports are now strictly classified under B2C. This change aims to streamline HSN-wise data validation and reduce mismatches in GST returns. Major GST Rule Change from May 2025 Separate Reporting for B2B and B2C Starting May 2025, the […]
Read More11 Jun, 2025
DGFT Notifies SION for Sodium Citrate Exports The Directorate General of Foreign Trade (DGFT) has officially notified the Standard Input Output Norms (SION) for the export product Sodium Citrate under the Chemical and Allied Product Group. This notification provides clarity to exporters on permissible input quantities for duty-free imports under Advance Authorization. What is SION? […]
Read More11 Jun, 2025
Summary CBDT has notified income tax exemption for Greater Noida Industrial Development Authority under Section 10(46A)(b) of the Income-tax Act. This aligns with government policy to exempt notified statutory bodies from income tax on specified incomes. CBDT Notifies Income Tax Exemption for Greater Noida Authority In a significant update for professionals and taxpayers dealing with […]
Read More11 Jun, 2025
GSTR-1 Due Date for May 2025 Final Reminder for Monthly Filers If you’re a monthly GST filer, the GSTR-1 due date for May 2025 is today — 11th June 2025. The deadline is critical for businesses not under the QRMP scheme. Delays attract late fees and can disrupt compliance status. Who Needs to File GSTR-1 […]
Read More11 Jun, 2025
ITR-1 Filing Who Should Use SAHAJ Form? ITR-1 filing is the most commonly used return form by individual taxpayers in India. But not everyone can file ITR-1 (SAHAJ) — the form has specific eligibility conditions and exclusions. In this blog, we’ll explain in simple terms: Let’s simplify tax filing — one form at a time. […]
Read More11 Jun, 2025
GSTN Fixes Refund Filing Issue for QRMP Taxpayers QRMP refund filing just got easier. The GSTN has resolved the validation glitch that previously blocked refund applications where only GSTR-3B filings were involved. This fix ensures that taxpayers under the QRMP scheme can now successfully claim refunds—as long as all GSTR-3B returns are filed. Let’s break […]
Read More11 Jun, 2025
GSTR-1 HSN Summary Clarified What B2B and B2C Suppliers Must Know In a recent clarification, GSTN and CBIC have updated the GSTR-1 HSN summary requirements. The update mandates reporting HSN details for B2B supplies in Table 12, while offering relief to small B2C suppliers. Here’s a simplified breakdown of what these changes mean for taxpayers. […]
Read More11 Jun, 2025
Tax Evasion a National Crime CM Calls for Stern Action Against Fake Firms Chief Ministers across India are now taking a bold stance: tax evasion is not just a financial fraud—it’s a national crime. Recently, a Chief Minister strongly urged the Centre and enforcement agencies to intensify action against fake firms that manipulate GST and […]
Read More11 Jun, 2025
GST on Medicines and Tractors The 12% Slab Debate India’s long-awaited GST slab rationalisation faces new hurdles—this time from essential sectors. While there’s consensus on trimming the current four-rate structure, medicines and tractors have emerged as bottlenecks to scrapping the 12% GST slab altogether. Let’s decode what’s happening and what it means for Indian taxpayers […]
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