03 Jun, 2025
India Enters the Energy Storage Era SBI Caps at the Helm India’s power ecosystem is undergoing a silent revolution. With growing focus on decarbonization, the energy storage era is no longer a futuristic vision — it’s here, and SBI Capital Markets Ltd (SBI Caps) is playing a pivotal role. As renewable energy capacity rises, efficient […]
Read More03 Jun, 2025
CBIC Eases Leather Export Rules No More Port Restrictions In a big relief to India’s leather exporters, the Central Board of Indirect Taxes and Customs (CBIC) has issued a fresh instruction removing port restrictions and testing requirements for various categories of leather. This move simplifies the export process and helps reduce delays, making Indian leather […]
Read More03 Jun, 2025
REC Ten Year Zero Coupon Bond Notified by CBDT The Central Board of Direct Taxes (CBDT) has officially notified the “Ten Year Zero Coupon Bond of REC Ltd.” as a zero coupon bond under Section 2(48) of the Income-tax Act, 1961. This update brings clarity for investors regarding tax treatment and eligibility of such instruments. […]
Read More03 Jun, 2025
GST on Intermediary Services What’s Changing in 2025? The GST Council is reportedly considering a major relief for intermediary services by treating them as exports, not domestic supplies. This change could finally end the 18% GST burden that has long troubled BPOs, KPOs, and consulting firms serving foreign clients. This amendment could also resolve over […]
Read More03 Jun, 2025
GST Parity on Nuts A Boost for India’s Food Processing Sector India’s food processing sector has long sought GST parity on nuts—particularly between processed and unprocessed forms. The issue isn’t just about tax classification; it affects MSMEs, pricing, exports, and consumer access to healthy foods. With rising awareness around nutrition and value-added processing, uniform GST […]
Read More03 Jun, 2025
India’s GST Boost in May 2025 A Look at the Import Surge India’s GST collection in May 2025 touched a robust ₹1.73 lakh crore, with a key driver being a sharp surge in imports, according to a report by Nomura. This comes amid rising domestic demand and improved compliance systems. But what does this mean […]
Read More03 Jun, 2025
Intro Paragraph:The Patanjali GST penalty case just took a serious turn. The Allahabad High Court has dismissed Patanjali Ayurved’s petition challenging a whopping ₹273.5 crore GST demand. This landmark ruling not only affirms GST enforcement powers but also sets a strong precedent on tax evasion scrutiny. What Was the Patanjali GST Dispute About? Why Did […]
Read More03 Jun, 2025
Summary A shocking IRS bribe case surfaced in Punjab where the Vigilance Bureau caught a Chartered Accountant red-handed accepting ₹10 lakh on behalf of an IRS officer. This blog breaks down the case, legal framework, and how honest taxpayers can protect themselves during scrutiny. IRS Bribe Case Punjab: What Really Happened? The Punjab Vigilance Bureau […]
Read More03 Jun, 2025
Income Tax Department is Cross-Verifying Claims in Real Time Starting AY 2025–26, real-time verification of deduction claims is being rolled out by the Income Tax Department. If you’re filing under the old tax regime, every exemption—from HRA to insurance—can now be matched live with databases like mParivahan, AIS, and bank data. Gone are the days […]
Read More03 Jun, 2025
IntroductionDemand order invalid without hearing—this legal principle is crucial for every taxpayer and consultant to know. Whether under GST or Income Tax laws, authorities cannot arbitrarily pass demand orders without considering the taxpayer’s reply or giving them a fair opportunity of hearing. Ignoring this principle can render the entire demand legally void. Why Proper Hearing […]
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