16 May, 2025
Excise Duty Hike on Petrol, Diesel What It Means for You The excise duty hike on petrol and diesel from April 2025 is expected to generate around ₹33,000 crore for the central government. While it strengthens revenue, the move also affects inflation, logistics costs, and fuel pricing for consumers and businesses. Let’s break down what […]
Read More16 May, 2025
High Court Fines Firm for Fraudulent GST Credit Claim The High Court has imposed a penalty on a company for claiming fraudulent GST credit, setting a strong precedent against tax misuse. This case highlights the need for genuine tax practices and accurate documentation under GST. Let’s break down the judgment, the compliance errors made, and […]
Read More16 May, 2025
GST on Joint Development Agreements What Buyers Must Know The focus keyphrase GST on joint development has recently been in the spotlight due to a significant ruling by the Patna High Court. This decision clarifies when GST is applicable in real estate projects, especially those involving joint development between landowners and builders. If you’re a […]
Read More16 May, 2025
GST Litigation in India What’s Triggering the Spike? GST litigation is seeing a sharp rise across India, especially post-2023. From mismatch notices to input tax credit (ITC) rejections, businesses are facing increased scrutiny from tax authorities. Let’s break down the reasons behind this litigation wave and explore practical defence strategies for Indian taxpayers. Why Are […]
Read More15 May, 2025
Input Tax Credit Rules Need Reform for Better Cash Flow The input tax credit rules under GST have been a pain point for businesses. Under GST, businesses can claim credit for the tax paid on purchases (inputs) used in the course of business. Why Are Businesses Struggling With ITC? These hurdles force businesses to park […]
Read More15 May, 2025
What Is the Tonnage Tax Exit Rule? Tonnage tax scheme (TTS) is a concessional tax regime for Indian shipping companies. But what happens when a company wants to exit this scheme? The Income Tax Bill, 2025, via Clause 231(8)–(9), proposes a streamlined exit process, replacing Section 115VQ of the existing Income-tax Act, 1961. Let’s break […]
Read More15 May, 2025
Zero Coupon Bonds by IRFC What CBDT Just Notified The Central Board of Direct Taxes (CBDT) has officially notified the issuance of Zero Coupon Bonds by Indian Railway Finance Corporation Ltd (IRFC)—a major move under Section 10(15)(iv)(h) of the Income Tax Act, 1961. This notification, issued via Notification No. 43/2025 dated 14.05.2025, opens up new […]
Read More15 May, 2025
IntroductionThe anti-dumping duty on titanium dioxide imported from China has been re-imposed by CBIC to safeguard Indian manufacturers from unfair pricing. This move, aligned with DGTR recommendations, is aimed at ensuring level playing field in the domestic market. Why Was the Duty Imposed? As per CBIC Notification No. 23/2025-Customs (ADD) dated 14.05.2025, the anti-dumping duty […]
Read More15 May, 2025
Revised Customs Arrest Report Format CBIC’s Latest Update The revised customs arrest report format issued by CBIC is a crucial compliance shift under Customs law. Vide Instruction No. 06/2024-Customs dated 08.05.2025, the CBIC has introduced new formats for Arrest and Incident Reports to improve documentation, transparency, and legal scrutiny under the Customs Act, 1962. Let’s […]
Read More15 May, 2025
Foreign Donation Disclosure Rules CBDT Tightens Compliance India’s Income Tax Department has called for greater transparency in foreign donations received by charitable institutions. In a fresh push for accountability, the CBDT mandates detailed disclosures under Form 10BD for each donor, including foreign contributors. Let’s break down what’s changing and how it affects trusts, NGOs, and […]
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