01 Aug, 2025
0.1% Concessional Guarantee Fee for NaBFID: Finance Ministry Notification Explained The Finance Ministry has notified a 0.1% concessional guarantee fee on government guarantees provided to the National Bank for Financing Infrastructure and Development (NaBFID). This blog breaks down the implications, eligibility, legal backing, and practical significance of this concessional fee for NaBFID-backed instruments. What is […]
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GST Collection July 2025: ₹1.96 Lakh Crore, What It Signals India’s GST collection in July 2025 touched ₹1.96 lakh crore — a 7.5% increase compared to July 2024. This sustained revenue momentum reflects both improved compliance and underlying consumption strength, even amidst inflationary pressures and monsoon-linked uncertainty. Key Highlights of July 2025 GST Revenue Component […]
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Early retirement for Customs Settlement Commission notified from April 2025 The government has notified early retirement provisions for the Chairman and Vice-Chairmen of the Customs & Excise Settlement Commission, with retrospective effect from 1 April 2025. This follows the abolition of the Commission under the Finance Act, 2025, replaced by Interim Boards for Settlement to […]
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What is the 8th Pay Commission? The 8th Pay Commission update is creating buzz among central government employees as the government has signalled progress in setting up the new pay revision panel. Once constituted, this commission will review salary structures, pension, and allowances for nearly 50 lakh employees and 65 lakh pensioners. What Will the […]
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ED PMLA Conviction Rate: Just 15 Convictions in 10 Years The Enforcement Directorate (ED) has filed 5892 cases under the Prevention of Money Laundering Act (PMLA) since 2015. But as per the Finance Ministry’s reply in the Rajya Sabha, only 15 cases have led to conviction in the last 10 years. This raises sharp questions […]
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GST Margin Scheme for Used Machinery Dealers: AAR Relief Explained This is a welcome relief for the second-hand goods market, where GST interpretation has long been confusing. What Is the GST Margin Scheme? This avoids double taxation and encourages resale markets. Key Conditions for Using Margin Scheme: Gujarat AAR Ruling Highlights Case: M/s. Pooja EnterpriseOrder […]
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August 2025 Tax Deadlines You Can’t Miss August 2025 tax deadlines are crucial for Indian individuals, businesses, and deductors. From TDS deposits to extended ITR filing dates, this month carries multiple compliance obligations under the Income Tax Act, 1961. Missing even one can trigger interest, late fees, or scrutiny notices. This blog brings you the […]
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ITC Blocking Under Rule 86A: What’s Going Wrong? The focus keyphrase ITC blocked beyond 10% has drawn major scrutiny in recent GST litigation. While Rule 86A of the CGST Rules allows officers to block Input Tax Credit (ITC) in suspected cases of fraud or ineligibility, blocking the entire credit without proportionality—especially beyond 10% of the […]
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GST Compliance Calendar August 2025 Filing GST returns on time is key to staying compliant and avoiding penalties. This GST Compliance Calendar for August 2025 helps taxpayers, consultants, and businesses track all important GST due dates in one place. Whether you’re a regular taxpayer, a composition dealer, or involved in e-commerce, this guide is tailored […]
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Category III AIFs Get Tax Relief: What the Delhi HC Ruling Means The Delhi High Court has granted major tax relief to Category III AIFs, ruling on 29 July 2025 that a 2014 CBDT circular is ultra vires. This brings down the tax rate from the Maximum Marginal Rate (MMR) of 40% to just 12.5%, […]
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