14 Feb, 2025
VAT Refund Directed After Adjustment Due to Lack of Mechanism Post-GST: HC Ruling The transition from VAT to the Goods and Services Tax (GST) regime in India left several businesses grappling with unresolved tax refunds. A recent judgment by the Calcutta High Court in Aparnaa Sarees (P.) Ltd. v. State of West Bengal [R.V.W. 266 […]
Read More13 Feb, 2025
The Enforcement Directorate (ED), Kolkata, recently issued a No Objection Certificate (NOC) to the Bank of India for immovable properties valued at approximately ₹7 crore. This move facilitated the completion of the auction sale process under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This case highlights the […]
Read More13 Feb, 2025
GST on Herbal Smoke Sticks: Why Certification Matters The Gujarat Appellate Authority for Advance Ruling (AAAR) has reaffirmed that herbal smoke sticks, if not certified by the Ministry of AYUSH, do not qualify for a lower GST rate. This ruling highlights the importance of regulatory compliance for businesses dealing in herbal and Ayurvedic products. The […]
Read More13 Feb, 2025
Small and Midcap SIPs: Balancing Growth with Caution Systematic Investment Plans (SIPs) in small and midcap mutual funds have gained massive traction in India, with record-breaking inflows in January 2025. However, recent trends and expert warnings highlight the risks of overvaluation and market corrections. Should investors rethink their SIP strategy? Let’s break it down. Recent […]
Read More13 Feb, 2025
GST on Term Insurance: A Potential Shift in Taxation A ministerial panel under the Goods and Services Tax (GST) Council is considering a proposal to levy a 5% GST with input tax credit (ITC) on term insurance plans. The move follows extensive industry consultations, as insurers push for a balance between tax relief and financial […]
Read More13 Feb, 2025
🌟 Nifty 50 Market Analysis: Resistance, Support & Volatility The Nifty 50 index has recently witnessed significant fluctuations, testing key support and resistance levels. Investors and traders must stay updated on these crucial levels to make informed decisions. Let’s dive into a detailed analysis of the latest trends, technical indicators, and strategic insights. ⚡ Current […]
Read More13 Feb, 2025
Leased Property GST ITC: Legal Disputes and Policy Uncertainty The eligibility of input tax credit (ITC) on leased property construction expenses remains a contentious issue, with businesses caught between legal interpretations and evolving government policies. While the Supreme Court’s Safari Retreats ruling (October 2024) brought temporary relief by allowing ITC on leased properties, a subsequent […]
Read More13 Feb, 2025
Is GST a Broken Promise? As Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” When India introduced the Goods and Services Tax (GST), it was hailed as a transformative reform that would simplify the tax system, eliminate cascading levies, and create a unified national market. […]
Read More13 Feb, 2025
🚀 GST Registration Process: What You Need to Know GST registration is mandatory for businesses exceeding the turnover threshold. Recent updates to Rule 8 of the CGST Rules, 2017 bring notable changes, particularly in Aadhaar authentication, biometric verification, and document verification. Here’s a simplified breakdown of the latest advisory. 🔹 1. Applicants Not Opting for […]
Read More12 Feb, 2025
GST Rate Cuts Likely Soon: What It Means for You Finance Minister Nirmala Sitharaman recently informed the Rajya Sabha that a reduction in Goods and Services Tax (GST) rates is under discussion. The GST Council is actively working on rationalising the tax slabs to simplify compliance and reduce the overall tax burden. With the average […]
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