14 Mar, 2025
Understanding Temple Earnings and GST Implications Temples in India generate substantial revenue through donations, services, and commercial activities. However, a key question arises: Do temples pay GST? The answer lies in distinguishing between religious donations and taxable commercial activities. How Much Do Indian Temples Earn? While financial disclosures vary, estimates suggest that India’s top temple […]
Read More13 Mar, 2025
Carbonated Fruit Drinks to Attract 12% GST: Gauhati High Court Ruling In a landmark decision, the Gauhati High Court has ruled that fruit pulp-based carbonated drinks should be taxed at 12% GST instead of 28%, offering relief to manufacturers and consumers alike. This verdict, based on the Rules for Interpretation of the Customs Tariff Act, […]
Read More13 Mar, 2025
Gold Prices Reach Record High: What’s Driving the Surge? Gold has reached an all-time high of $2,945 per ounce, fueled by multiple global factors. Market analysts are now speculating whether it will breach the $3,000 mark, with traders actively strategizing around this potential breakout. Key Drivers of Gold’s Rally Legal & Regulatory Perspectives on Gold […]
Read More13 Mar, 2025
📊 The Challenge: GST on Defence MSME R&D Grants Micro, Small, and Medium Enterprises (MSMEs) engaged in defence research and development (R&D) are receiving GST notices imposing an 18% tax on grants received from the Ministry of Defence (MoD). This tax, levied under Section 13(2) of the CGST Act, 2017, has sparked concerns within the […]
Read More12 Mar, 2025
Introduction India’s push for self-reliance in defence manufacturing has led to increased financial support for private Micro, Small, and Medium Enterprises (MSMEs) engaged in research and development (R&D). However, a recent issue has sparked debate—private defence start-ups and MSMEs are receiving Goods and Services Tax (GST) notices for an 18% levy on grants received from […]
Read More12 Mar, 2025
SC Imposes Limits on Arrests Under GST & Customs Acts The Supreme Court of India, in Radhika Agarwal v Union of India, has significantly curtailed the arrest powers of tax authorities under the GST and Customs Acts. The ruling establishes that these powers are subject to the same procedural safeguards that govern police arrests under […]
Read More12 Mar, 2025
Introduction The Indian government continues to tighten GST compliance to curb tax evasion and improve revenue collection. In FY 2024-25 alone, authorities detected ₹1.95 lakh crore in GST fraud across 25,000+ cases. Fake Input Tax Credit (ITC) claims accounted for ₹46,472 crore, revealing loopholes that fraudsters continue to exploit. To address this, the government has […]
Read More12 Mar, 2025
Introduction The Federation of Hotel & Restaurant Associations of India (FHRAI) has urged the government to reform the current Goods and Services Tax (GST) structure on food and beverage (F&B) services in hotels. Presently, restaurants in hotels where room tariffs are below ₹7,500 attract 5% GST without Input Tax Credit (ITC), whereas those exceeding this […]
Read More12 Mar, 2025
GST Council Constitutes GoM to Examine Natural Calamity Cess Background & Purpose The Goods and Services Tax (GST) Council has constituted a Group of Ministers (GoM) to explore the feasibility and framework for levying a special natural calamity cess. This move comes as part of efforts to strengthen revenue mobilization for states facing disasters. The […]
Read More10 Mar, 2025
GST Rates Slashed: Key Announcements by FM Nirmala Sitharaman India is set to witness a major reduction in Goods and Services Tax (GST) rates, as announced by Finance Minister Nirmala Sitharaman at the Economic Times Awards for Corporate Excellence. With the revenue-neutral rate declining from 15.8% at the launch of GST to 11.4%, the government […]
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