13 Apr, 2025
Starting from the April 2025 tax period, the GST Network (GSTN) has made a critical compliance update: Table 3.2 of Form GSTR-3B is now non-editable. This table, which reflects inter-state supplies to unregistered persons, composition taxpayers, and UIN holders, will be auto-populated directly from GSTR-1/IFF data and can no longer be modified manually. This move […]
Read More12 Apr, 2025
ED Seizes AJL Properties Under PMLA: What It Means Legally In a decisive step under the Prevention of Money Laundering Act (PMLA), 2002, the Enforcement Directorate (ED) initiated possession proceedings against properties linked to Associated Journals Limited (AJL). This move marks a critical enforcement milestone in the ongoing AJL case PMLA investigation. š§¾ Why This […]
Read More12 Apr, 2025
Maharashtra GST collection has set a new benchmark in FY 2024-25, outperforming other revenue departments and emerging as the stateās primary tax contributor. Against the estimated target of Rs 2.21 lakh crore, the state clocked in Rs 2.25 lakh crore, marking a 13.6% year-on-year growth. GST: Maharashtra’s Fiscal Backbone Maharashtra’s tax revenue sources include: This […]
Read More12 Apr, 2025
Kerala HC Strikes Down GST on Club Services to Members In a landmark ruling, the Kerala High Court has declared GST on club services to members as unconstitutional, shaking the very foundation of retrospective taxation introduced via the Finance Act, 2021. The verdict not only brings relief to associations but also sets a precedent in […]
Read More12 Apr, 2025
š Gold Price Hits Record High as Dollar Loses Strength On April 11, 2025, the gold price hit a record high, crossing the $3,250 mark per ounce for the first time in history. Simultaneously, the US Dollar Index (DXY) fell below 100, reaching its lowest level in nearly three years. This dynamic shift in global […]
Read More12 Apr, 2025
šØ Fraudulent Supply GST Liability: Gujarat AAR Ruling Clarifies the Law The Gujarat Authority for Advance Rulings (AAR), in a landmark decision dated 21st March 2025, clarified that fraudulent supply GST liability arises even if the consideration is never received. The ruling emerged in Case No. GUJ/GAAR/R/2025/03 involving M/s. Acube Engitech Company, a manufacturer duped […]
Read More12 Apr, 2025
š GST on Land Transfer: General Motors vs Hyundai Case Breakdown In a landmark advance ruling, the Maharashtra Authority for Advance Rulings (AAR) has held that the transfer of leasehold land, buildings, and assets by General Motors India to Hyundai Motor India Ltd (HMIL) is subject to 18% GST. The case, involving GMās now-defunct Talegaon […]
Read More12 Apr, 2025
š” GST Refund Denial: Delhi HC Lays Down Strict Rules In a landmark interpretation of Section 54(11) of the CGST Act, 2017, the Delhi High Court has firmly clarified that a mere opinion from the GST Commissioner isn’t enough to deny a taxpayer their refund. The ruling establishes that twin conditions must be satisfied before […]
Read More11 Apr, 2025
What the 18% GST on Dining Means for Your Next Hotel Meal Planning a meal at a luxury hotel? The new 18% GST dining rule might just inflate your bill. Starting 1st April 2025, restaurants located inside certain hotelsātermed as specified premisesāare mandatorily charging 18% GST on dining, as per the latest GST amendment. This […]
Read More10 Apr, 2025
Gujarat HC Rules: No GST on Lease Rights Transfer In a critical win for Indiaās real estate sector, the Gujarat High Court has ruled that transferring leasehold rights in land does not attract GST. The judgment in Gujarat Chamber of Commerce and Industry & Ors v. Union of India clarified a long-disputed area: Is lease […]
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