07 Apr, 2025
West Bengal GST Growth Outpaces National Average: A Fiscal Shift in FY25 On the back of robust internal revenue mobilisation, West Bengal GST collections in FY 2024–25 surged by 11.43%, notably outperforming the national GST growth rate of 9.44%. According to official statements by Chief Minister Mamata Banerjee, the state garnered an additional ₹4,808 crore […]
Read More07 Apr, 2025
Ackman vs Lutnick: What Their Bond Clash Means for Economic Policy Impact In a move that’s ignited conversations on Wall Street and Washington alike, billionaire investor Bill Ackman publicly criticized Howard Lutnick—CEO of Cantor Fitzgerald—for holding a long position on bonds. The clash, though centered on U.S. markets, raises broader questions on the economic policy […]
Read More06 Apr, 2025
India–US Trade Talks Underway: What It Means for Tariffs, Trade & Tax Revenue The India US trade relationship is once again in the spotlight as both nations enter talks to resolve ongoing tariff tensions. In a shift from retaliation to negotiation, India has opted for a diplomatic route in response to tariffs previously imposed by […]
Read More06 Apr, 2025
Coca-Cola’s ₹2,500 Cr GST Notice Stayed: A Landmark GST Discount Dispute? On April 1, 2025, the Bombay High Court issued an interim stay on a ₹2,500 crore GST demand raised against Hindustan Coca-Cola Beverages Pvt. Ltd., triggering widespread discussion on how discounts are treated under Indian tax law. At the heart of the case is […]
Read More05 Apr, 2025
India Debt Crisis: What the 2,100% Subprime Surge Means for You India’s financial system is facing a brewing storm. The India debt crisis, largely fueled by a 2,100% surge in subprime lending over the past few years, is threatening millions of families with over-indebtedness, job losses, and financial distress. The growth in unsecured, high-interest loans […]
Read More05 Apr, 2025
Who Qualifies as a Local Authority Under GST? The 2025 Bill Brings Clarity The Finance Bill, 2025 has introduced a pivotal clarification in India’s GST law by defining the previously ambiguous terms “local fund” and “municipal fund” in the context of local authority GST provisions. While this amendment is termed “clarificatory,” it has significant implications […]
Read More05 Apr, 2025
GoM Eyes Relief on GST for Textiles & Footwear: What It Means for Consumers & Businesses In a move aimed at stimulating domestic demand, the Group of Ministers (GoM) on GST rate rationalisation is likely to propose an increase in the price threshold for lower GST on textiles and footwear, sources close to the government […]
Read More04 Apr, 2025
GST e-Way Bill: 2FA to Be Mandatory Soon — Here’s What Businesses Must Do Now Starting April 1, 2025, a new compliance shift is rolling in for all GST-registered taxpayers: Two-Factor Authentication (2FA) is about to become mandatory for generating GST e-way bills and e-invoices. Although the feature remains optional for now, the Goods and […]
Read More04 Apr, 2025
When GST Law Conflicts with Drug Regulations: A Pharma Industry Puzzle India’s pharmaceutical industry operates at the intersection of two powerful legal regimes: the Goods and Services Tax (GST) law and the Drugs and Cosmetics Act, 1940. While both serve distinct purposes—taxation and public health, respectively—their intersection often leads to confusion, especially concerning reserve goods […]
Read More04 Apr, 2025
SEBI Turnover Fees to Attract 18% GST from April 2025: What It Means for Traders Starting April 3, 2025, the SEBI turnover fees for all major trading segments will include 18% GST, as per the Securities and Exchange Board of India’s earlier notification dated July 18, 2022. This move brings clarity to the tax structure […]
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