29 May, 2025
Service Tax Demand Upheld CESTAT Ruling Explained The service tax demand upheld by CESTAT in a recent case once again highlights a crucial principle of tax law — when facts are suppressed to evade duty, penalties and tax demands are justified. Let’s break down what happened, the legal reasoning, and how Indian taxpayers can stay […]
Read More29 May, 2025
Background of the Case The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, recently examined a case involving a ₹50 lakh cash seizure. The assessee had claimed that the cash belonged to various farmers and was intended for agricultural produce procurement. However, the Assessing Officer (AO) added the entire amount to the assessee’s income, citing lack […]
Read More29 May, 2025
IntroductionThe debate over Compensation Cess on export supply has gained momentum in 2025. Exporters and tax experts question the legal validity of such levies, especially when exports enjoy a zero-rated status under GST law. The GST Council must urgently review this issue to remove ambiguity and prevent litigation. What is Compensation Cess? The Compensation Cess […]
Read More29 May, 2025
Major GST Refund and Appeal Rules Announced by CBIC in 2025 Key Takeaways for Businesses The GST refund and appeal rules 2025 have undergone key amendments via Notification No. 23/2025-CT dated 10.05.2025. The Central Board of Indirect Taxes and Customs (CBIC) has revamped timelines and procedures to streamline the refund and appeal process under GST. […]
Read More29 May, 2025
Gujarat HC Fines GST Dept ₹1 Lakh Ignoring Rectified Mismatch Costs Heavily The Gujarat High Court recently imposed a ₹1 lakh cost on the GST department for failing to consider a rectified mismatch in returns — calling it a clear case of “non-application of mind.”This ruling is a wake-up call for tax officers and relief […]
Read More29 May, 2025
India’s Rising GST Collections An Opportunity to Streamline Taxation India’s rising GST collections have been making headlines in 2025 — and rightly so. For professionals, consultants, and small businesses, this growth is more than just a number. It signals both opportunity and urgency to simplify and reform indirect tax compliance. Let’s break down what this […]
Read More29 May, 2025
E-Way Bill Rules What Every Indian Business Must Know Carrying a valid E-Way Bill is mandatory for transporting goods worth over ₹50,000 in India. Whether you are a manufacturer, trader, transporter, or e-commerce seller, non-compliance can invite hefty penalties and even vehicle detention. Here’s a clear, updated guide to help you comply smoothly. What Is […]
Read More29 May, 2025
NRIs & Foreign Firms Alert Income Tax Dept Targets Treaty Shopping Focus Keyphrase: treaty shopping crackdown The Indian Income Tax Department has tightened its scrutiny on treaty shopping. In May 2025, notices were sent to several NRIs and foreign companies operating from tax havens, questioning the legitimacy of their tax treaty claims. Let’s simplify what […]
Read More29 May, 2025
RoDTEP Reinstated for SEZs & EOUs What You Must Know Post-Suspension After a four-month suspension, the Indian government has reinstated RoDTEP (Remission of Duties and Taxes on Exported Products) for SEZs (Special Economic Zones), EOUs (Export Oriented Units), and holders of Advance Authorization (AA). While the move brings relief, exporters have raised several valid concerns. […]
Read More28 May, 2025
Intro Paragraph:The import curbs on metallurgical coke—a key raw material for steelmaking—might be extended. The Ministry of Steel has backed continued restrictions to shield Indian manufacturers from unfair pricing and dumping by foreign players. This move is likely to impact importers, steel producers, and GST compliance for related businesses. Why the Import Curbs Were Imposed […]
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