05 May, 2025
Gold Kada Is a Personal Effect: HC Ruling Simplifies Baggage Law Travelling with gold jewellery often triggers scrutiny at Indian airports—but when is it exempt from customs duty? In a recent case, the Punjab & Haryana High Court ruled that a gold religious kada carried by a passenger qualifies as a personal effect under Baggage […]
Read More05 May, 2025
Mismanagement Claims Dismissed: What Indian Business Owners Must Learn In a recent judgment, the National Company Law Tribunal (NCLT) dismissed a petition alleging mismanagement and oppression under Sections 241 and 242 of the Companies Act, 2013. The key takeaway? Courts demand clear evidence, not assumptions. This case is a wake-up call for promoters and minority […]
Read More05 May, 2025
Introduction:JSW resolution plan rejected — a landmark Supreme Court decision has rattled India’s insolvency landscape. The case of Bhushan Power and Steel Limited (BPSL) shows how non-compliance with the Insolvency and Bankruptcy Code (IBC) can overturn even high-profile bids. Here’s a simplified breakdown of what went wrong, the legal reasoning, and what this means for […]
Read More05 May, 2025
Service Tax on Reimbursable Expenses: What CESTAT Ruled When can a reimbursed cost be taxed as a service?This was the core issue in a recent CESTAT case that offered much-needed clarity for taxpayers facing service tax disputes. Background of the Dispute 🔍 CESTAT’s Key Observations Here’s what the Tribunal said: Legal Provision Tribunal View Section […]
Read More05 May, 2025
Intro Paragraph: The ruling clarified how loan funds used for charitable purposes and the nature of training provided can influence tax liability and exemptions under GST. What Was the Issue? A registered trust engaged in skill development activities received a demand from the department alleging that their services were commercial in nature and not eligible […]
Read More05 May, 2025
Intro:The GST Amnesty Scheme Delhi 2025 is set to offer a major compliance reset for local traders. Announced by the Delhi Chief Minister, this one-time scheme aims to resolve pending GST liabilities and ease the burden on small businesses. What is the GST Amnesty Scheme Delhi 2025? A special one-time settlement scheme proposed for traders […]
Read More05 May, 2025
India Needs a Faceless GST System: ₹80,000 Cr in Dispute The faceless GST system is back in the spotlight after Delhi CM Rekha Gupta flagged pending GST dues worth ₹80,000 crore. In her recent address, she urged the Centre to adopt a faceless GST system similar to the Income Tax Department’s model, citing transparency and […]
Read More03 May, 2025
India’s Total Exports Hit Record $824.9 Billion in FY25 India’s total exports hit $824.9 billion in FY2024–25, marking a 6% year-on-year growth, as per the latest RBI data. This includes both merchandise and services exports—driven by IT services, resilient global demand, and government-backed trade reforms. The focus keyphrase India’s total exports appears across this blog […]
Read More03 May, 2025
GST Collections April 2025: Record-Breaking ₹2.37 Lakh Crore Signals Economic Strength India’s GST collections in April 2025 have hit an all-time high of ₹2.37 lakh crore, according to official government data released on May 2, 2025. This figure marks a 12.6% year-on-year growth, setting a new benchmark since the launch of the GST regime in […]
Read More03 May, 2025
The Income-Tax Bill 2025 under Parliament review The Income-Tax Bill 2025 will be reviewed by the Select Committee of the Lok Sabha on May 02, 2025. This marks a critical phase in India’s tax reform journey as the draft Bill aims to replace the Income-tax Act, 1961, bringing fresh structure and simplification. What is the […]
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