03 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 […]
Read More03 Jun, 2025
FY25 Net Tax Collection Shortfall Explained for Indian Taxpayers India’s net tax collections for FY 2024–25 have fallen short of the revised estimate by over ₹58,000 crore, raising concerns about fiscal planning, revenue mobilization, and future tax policies. Let’s break down what this means for taxpayers, consultants, and policy observers. What Are Net Tax Collections? […]
Read More03 Jun, 2025
Introduction:Fake ITC claim cases are on the rise, and GST authorities are cracking down hard. In a recent bust, a trader was arrested for availing ₹15.19 crore Input Tax Credit using fake invoices — without actual supply of goods. This incident highlights the growing risk of misusing GST benefits and the legal consequences businesses face. […]
Read More03 Jun, 2025
Intro ParagraphPunjab GST collection rises 25% in May 2025, marking one of the sharpest year-on-year growth rates among Indian states. As per the official figures released by the Ministry of Finance, Punjab collected ₹2,208 crore in May 2025, up from ₹1,772 crore in May 2024—reflecting strong recovery and improved compliance. GST Surge Punjab Posts Strongest […]
Read More03 Jun, 2025
Vizag Tax Bribery Case Key Lessons for Indian Taxpayers A shocking incident from Visakhapatnam (Vizag) has once again raised questions about corruption in tax administration. A senior tax official was caught red-handed accepting a bribe to close a case, triggering public outrage and raising serious concerns for honest taxpayers and consultants. Let’s break down what […]
Read More02 Jun, 2025
Summary CBIC has notified the Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2025. This update simplifies reporting timelines, enhances digital compliance, and tightens transshipment tracking for all sea carriers and custodians in India. Sea Cargo Manifest Rules 2025 Key Changes Explained The Sea Cargo Manifest Rules 2025, notified via CBIC Notification No. 56/2025-Customs (N.T.) […]
Read More02 Jun, 2025
IntroThe yellow peas import policy extension has been officially announced. As per the DGFT Notification No. 05/2025-26 dated 31 May 2025, the Central Government has extended the “Free” import policy for yellow peas (HS Code: 07131010) up to 31 March 2026. This extension holds significance for importers, traders, and domestic processors affected by seasonal price […]
Read More02 Jun, 2025
CBIC Assigns 700 Customs Appeals for Speedy Disposal The Central Board of Indirect Taxes and Customs (CBIC) has issued a significant order to fast-track pending litigation under Customs law. A total of 700 pending appeals under the Customs Act have now been reassigned to the Commissioner (Appeals), Mumbai Zone-I, as per CBIC Order No. 07/2024 […]
Read More02 Jun, 2025
CBDT Updates ITR-6 for AY 2025–26 Key Changes Explained The CBDT has issued a corrigendum to the Income-tax Return Form ITR-6 for AY 2025–26, introducing two notable amendments: Let’s break down what these changes mean for Indian companies filing ITR-6 under the Income-tax Act, 1961. What is ITR-6 and Who Should File It? ITR-6 is […]
Read More02 Jun, 2025
GST Registration Delay? CBIC Says It’s a Myth Several social media posts recently alleged that “GST registrations are being unnecessarily delayed by the department.” In response, the Central Board of Indirect Taxes and Customs (CBIC) issued a clarification on 1st June 2025, debunking these claims. Let’s break it down simply so you know the truth […]
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