29 Mar, 2025
📢 New GST Rule from April 2025: Big Changes for Hotel Restaurants Starting April 1, 2025, restaurants operating within hotels that charge over ₹7,500 per room per day (at any point in the previous financial year) will now attract 18% GST with input tax credit (ITC). This update, as per the CBIC’s latest FAQ, marks […]
Read More29 Mar, 2025
🧾 Govt Eases GST Amnesty Scheme: What You Must Know Before March 31, 2025 With just days left before the crucial March 31, 2025 deadline for making GST tax payments under the GST Amnesty Scheme, the government has stepped in with last-minute amendments to address genuine difficulties faced by registered taxpayers. These changes, brought through […]
Read More29 Mar, 2025
📢 PAC Calls for GST 2.0 Reform to Ease Compliance Burden In a significant development for India’s indirect tax landscape, the Public Accounts Committee (PAC) has urged the Union Finance Ministry to initiate a comprehensive overhaul of the GST regime, proposing a taxpayer-friendly “GST 2.0” framework. The committee emphasized simplification, digital ease, and fairness—especially for […]
Read More29 Mar, 2025
✅ SC Allows GST Error Rectification: Boosts ITC Clarity for Buyers In a welcome relief for taxpayers, the Supreme Court of India has ruled that clerical or human errors in GST filings can be rectified, and that genuine buyers must not be denied Input Tax Credit (ITC) merely due to such mistakes. The ruling upholds […]
Read More29 Mar, 2025
GST Invoice Management System: Boon or Burden for MSMEs? The rollout of the GST Invoice Management System (IMS) has stirred concerns among India’s MSMEs, with the India SME Forum estimating an additional compliance cost of ₹1.5 lakh annually per business. While the system aims to enhance real-time invoice reconciliation and curb Input Tax Credit (ITC) […]
Read More28 Mar, 2025
Section 128A GST: GSTR-3B Payments Eligible for Waiver, Says CBIC The CBIC has issued Circular No. 248/05/2025-GST dated 27 March 2025, addressing industry concerns regarding the application of Section 128A of the CGST Act, 2017. This section allows taxpayers to claim waiver of interest and penalty for demands raised under Section 73 for the period […]
Read More28 Mar, 2025
Major Overhaul in GST Rule 164: Refund & Appeal Provisions Updated In a significant move to streamline pending litigation and refund processes, the Central Board of Indirect Taxes and Customs (CBIC) has amended Rule 164 of the CGST Rules, 2017 via Notification No. 11/2025–Central Tax, dated March 27, 2025. These changes, effective immediately upon publication, […]
Read More28 Mar, 2025
Thinking of buying a ready-to-move flat? Think again—because if you book it before construction wraps up, you might still be liable to pay GST. In a landmark decision, the Karnataka High Court has held that GST is applicable on residential properties if consideration is paid before construction is completed. This verdict clarifies a grey area […]
Read More27 Mar, 2025
⚖️ ED Attachment Under PMLA: ₹557 Crore More Seized in Amtek Case In a major development on March 26, 2025, the Enforcement Directorate (ED) pro visionally attached movable and immovable properties worth ₹557.49 crore under the Prevention of Money Laundering Act (PMLA), 2002, as part of its ongoing probe into alleged financial irregularities involving Amtek […]
Read More27 Mar, 2025
🔍 Nifty Option Signals Turn Mixed as Index Touches 23,600 On March 27, 2025, the Nifty 50 surged by over 100 points intraday, crossing the 23,600 mark—its highest in recent sessions. However, under this bullish surface, unusual activity in the options market has caught analysts’ attention, indicating mixed sentiment among market participants. Particularly, the 22,500 […]
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