31 May, 2025
Ayush Export Promotion Council Can Now Issue Non-Preferential CoO Under the Foreign Trade Policy (FTP) 2023, a new development empowers the Ayush Export Promotion Council (AYUSHEXCIL) to issue Non-Preferential Certificate of Origin (CoO). This simplifies export documentation for Indian AYUSH product manufacturers and exporters. On 30th May 2025, the Directorate General of Foreign Trade (DGFT) […]
Read More31 May, 2025
India Begins Appraisal of Centrally Sponsored Schemes (CSS) in 2025 The Central Government has officially started the five-yearly appraisal of Centrally Sponsored Schemes (CSS) and Central Sector Schemes (CSs) in May 2025. This process evaluates performance, funding efficiency, and continuation of key welfare and development schemes—critical for taxpayers and consultants tracking public finance and tax […]
Read More31 May, 2025
Summary SEBI’s new risk management and surveillance measures for equity derivatives, effective from May 2025, aim to curb excessive speculation and protect retail investors. Key changes include stricter eligibility criteria, enhanced position monitoring, and graded exit timelines for non-compliant contracts. What Are SEBI’s New Risk Management Rules for Derivatives? The focus keyphrase “SEBI risk management […]
Read More31 May, 2025
Summary Disallowing input tax credit (ITC) on lease rentals under GST has sparked major concerns for commercial real estate. This policy leads to tax cascading, higher leasing costs, and reduced investment appetite. We decode why this GST anomaly needs urgent policy correction. Introduction Why Input Tax Credit on Lease Matters Disallowing input tax credit on […]
Read More31 May, 2025
GST crackdown on MNCs and GCCs Industry seeks clarity The GST crackdown on MNCs and GCCs has raised concerns across India’s IT, finance, and consulting sectors. The CBIC has recently initiated scrutiny of how Global Capability Centres (GCCs) and multinational companies (MNCs) bill their overseas affiliates for back-office or support services, questioning whether these qualify […]
Read More31 May, 2025
India’s Exports Face Global Pressure — But Trade Deals Could Be the Lifeline India’s exports are feeling the heat. According to the RBI’s latest report, global geopolitical tensions, protectionist policies, and tightening financial conditions are weighing down outbound trade. But there’s a silver lining — strategic trade agreements may help Indian exporters stay afloat. Let’s […]
Read More31 May, 2025
Coimbatore Property Tax Collection Hits Record High Coimbatore property tax collection has touched new heights in FY 2024–25, with the Corporation surpassing its annual targets and setting a citywide benchmark in municipal revenue collection. This exceptional performance has made Coimbatore eligible for incentive grants from both the Tamil Nadu Government and the Union Ministry of […]
Read More31 May, 2025
Shree Cement Gets ₹588 Cr Tax Notice What You Need to Know India’s tax authorities have sent a fresh ₹588 crore tax notice to Shree Cement for FY 2021–22 under the Income Tax Act. The case has raised new questions about tax compliance, revenue recognition, and litigation risks for large corporates. Let’s break it down […]
Read More30 May, 2025
Relief for Importers CESTAT Clarifies on Section 112(a)(ii) Penalty Penalty under Section 112(a)(ii) of the Customs Act, 1962, has often been a matter of concern for importers dealing with duty short-payments. In a recent ruling, the CESTAT (Customs, Excise and Service Tax Appellate Tribunal) has offered clarity — stating that this penalty cannot be imposed […]
Read More30 May, 2025
GST Misuse in Road Cut Charges MDMK Councillor Raises Concern Recently, a MDMK councillor in Tamil Nadu raised a serious concern about the misuse of GST in road cut charges collected from contractors by the civic body. The claim? That GST is being wrongfully collected on government-imposed fees — a practice that might be legally […]
Read More