28 May, 2025
Summary Post-GST, states have lost key revenue powers. This blog explains why India must now increase states’ share in central taxes to preserve federal balance and ensure equitable growth. Why States Deserve a Bigger Share of Central Taxes Post-GST The introduction of the Goods and Services Tax (GST) in 2017 reshaped India’s fiscal landscape. While […]
Read More28 May, 2025
Anticipatory Bail in ₹800 Crore GST Scam What You Need to Know In a high-profile case involving alleged GST fraud worth ₹800 crore, the court has granted anticipatory bail to one of the accused. This ruling brings to light how courts weigh economic offenses, taxpayer rights, and procedural lapses in GST investigations. Let’s simplify what […]
Read More28 May, 2025
What Is the Threshold of Gross Income for High Earners for Tax Purposes in 2025? The high earner income threshold for tax in India for the financial year 2024–25 (AY 2025–26) begins at a gross total income of ₹15 lakh or more. Under the new tax regime, this is the topmost slab where individuals start […]
Read More28 May, 2025
RoDTEP Benefits Restored from 1st June 2025: What Exporters Must Know The RoDTEP benefits for AA, SEZ, and EOU exports are officially back, starting 1st June 2025. This major relief comes via DGFT Notification No. 13/2025-26 dated 27.05.2025, reversing the earlier restriction under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. If […]
Read More28 May, 2025
India FDI in FY 2024–25 Rises 14% Key Trends and Tax Insights India has recorded Foreign Direct Investment (FDI) inflows of USD 81.04 billion in FY 2024–25, marking a 14% increase over the previous year, as per DPIIT data. The services sector topped the charts with a 19% share, reaffirming India’s attractiveness as a hub […]
Read More28 May, 2025
Intro ParagraphRoDTEP benefits restored for AA, SEZ & EOU units from 1 June 2025 is a major relief for Indian exporters. As per DGFT Notification No. 14/2025-26 dated 23 May 2025, the government has reintroduced RoDTEP (Remission of Duties and Taxes on Exported Products) benefits for key export sectors that were earlier excluded. What Changed? […]
Read More28 May, 2025
Rejection of a Partial Refund under the Budgetary Support Scheme without Reasons Is Invalid in Law In this blog, we simplify this complex legal topic and explain why such refund rejections are unlawful, especially for taxpayers operating in eligible areas. What Happened? In various cases across India, refund applications filed under the Budgetary Support Scheme […]
Read More28 May, 2025
GSTR-1 Table 12 Bifurcation What Every Taxpayer Must Know The GSTR-1 Table 12 bifurcation rule is now in force from FY 2024–25, creating buzz among GST filers. If you’re a regular taxpayer or file GSTR-1 monthly/quarterly, understanding this change is critical. In this blog, we simplify the bifurcation between e-commerce and non-e-commerce B2C transactions and […]
Read More28 May, 2025
MCA Penalty on Private Limited Company for Not Maintaining Registered Office The Ministry of Corporate Affairs (MCA) has recently imposed a penalty of ₹3 lakhs on a private limited company and its directors for failing to maintain its registered office. This action was taken under Section 12 of the Companies Act, 2013, which mandates every […]
Read More28 May, 2025
Income-tax Filing 2025 Why Verifying AIS is a Must Before Submitting Your ITR Filing your Income-tax Return (ITR) for AY 2025–26?Make sure to verify your Annual Information Statement (AIS) first. The AIS is not just a formality — it’s the backbone of your tax data. A mismatch here can lead to unwanted notices, delays in […]
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