27 May, 2025
Introduction:Centre-State GST disputes are emerging as a major concern in India’s tax framework. With the GST Council not meeting for over five months—despite rules mandating quarterly meetings—State governments are finding it harder to raise concerns. This lack of dialogue impacts both tax revenue sharing and policy trust. Why GST Council Meetings Are Crucial The Goods […]
Read More26 May, 2025
GST Fraud India DGGI Cracks ₹643 Crore Scam In a major crackdown, the Directorate General of GST Intelligence (DGGI) has busted a massive GST fraud in India, amounting to over ₹643 crore. The primary accused behind this large-scale fake Input Tax Credit (ITC) racket has been arrested, according to official sources. This action by the […]
Read More26 May, 2025
Intro:Service tax on sub-contractor in MCD parking projects has been upheld by the CESTAT, rejecting the claim of mega exemption under Notification No. 25/2012-ST. This verdict offers clarity to contractors working with government bodies on urban infrastructure. Background: What Was the Case About? A sub-contractor was engaged by a primary contractor for setting up and […]
Read More26 May, 2025
GST Council Meeting 2025 Key Issues on Insurance, Rate Cuts & Compensation Cess The GST Council meeting 2025 is expected soon—after nearly 5 months—bringing critical reforms into focus. The Council will address GST rate rationalisation, health insurance GST slabs, and the future of compensation cess post-2026. Here’s a simplified look at what’s on the table […]
Read More26 May, 2025
Karnataka Sets ₹1.20 Lakh Cr Commercial Tax Target for FY 2025-26 The Karnataka Commercial Tax Department has received a bold revenue target of ₹1.20 lakh crore for FY 2025-26. Chief Minister Siddaramaiah, also holding the finance portfolio, announced this during a recent departmental review, placing strong emphasis on boosting GST collection and closing tax evasion […]
Read More26 May, 2025
EPF Interest Rate 2024–25 What the 8.25% Decision Means for You The EPF interest rate 2024–25 has been officially approved by the Finance Ministry at 8.25%, marking the highest payout in three years. This move directly impacts over 6 crore salaried employees across India who contribute to the Employees’ Provident Fund (EPF) under the EPFO […]
Read More26 May, 2025
Raxaul-Birganj Railway Link Now a Notified Customs Transit RouteCBIC has officially notified the Raxaul-Birganj railway link as a new route under the India-Nepal Treaty of Transit. This strategic update is expected to boost bilateral trade and improve logistics efficiency between India and Nepal. The notification was issued via Notification No. 52/2024-Customs (N.T.) dated 21.05.2024 under […]
Read More26 May, 2025
IntroductionThe non-constitution of GSTAT (Goods and Services Tax Appellate Tribunal) has led to a growing backlog of GST appeals across India. Without this critical second-level appellate body, taxpayers are turning directly to High Courts—overburdening the judiciary and disrupting the intended GST dispute resolution mechanism. In this blog, we break down recent court rulings, statutory challenges, […]
Read More26 May, 2025
Preferential Transaction Application u/s 43 IBC Can Be Filed Only by RP NCLAT Clarifies The National Company Law Appellate Tribunal (NCLAT) has ruled that only the Resolution Professional (RP) is authorised to file an application under Section 43 of the Insolvency and Bankruptcy Code (IBC), 2016 for avoidance of preferential transactions. This landmark decision reinforces […]
Read More26 May, 2025
India’s Finished Steel Imports Drop 11.3% in April 2025 Impact on Tax and Trade India’s finished steel imports drop in April 2025 by 11.3%, according to official data from the Ministry of Steel. On the export side, the situation is even more concerning—finished steel exports saw a steep decline of 25.7% year-on-year. These shifts not […]
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