13 Aug, 2025
GST profiteering case: Subway franchisee directed to repay GST benefit In a recent ruling, the GST Appellate Tribunal (GSTAT) ordered a Subway franchisee to deposit over ₹41 lakh for profiteering — that is, for not passing on the benefit of a GST rate cut to customers. This order reinforces the anti-profiteering provisions under Section 171 […]
Read More13 Aug, 2025
Corporate Reforms for MSMEs and Startups: What’s Changing in 2025? The Indian government has announced major corporate reforms for MSMEs and startups to simplify compliance, reduce regulatory costs, and improve access to global capital. These reforms align with India’s goal of becoming a $5 trillion economy and improving ease of doing business. The focus keyphrase […]
Read More13 Aug, 2025
Net Direct Tax Collections Fall 4%: Key Trends Explained The net direct tax collections fall of 4% in FY 2025–26 has caught many by surprise. According to the latest CBDT data released in August 2025, net collections stood at ₹6.64 lakh crore, down from ₹6.94 lakh crore last year. This drop is mainly due to […]
Read More13 Aug, 2025
Summary Parliament has passed a new Income Tax Bill to replace the Income Tax Act, 1961. Here’s a simplified guide to the key takeaways. New Income Tax Bill: Key Takeaways for Taxpayers The new Income Tax Bill, passed by both Houses of Parliament, will officially replace the Income Tax Act, 1961 — a law that […]
Read More13 Aug, 2025
Intro:The Finance Ministry has issued a corrigendum to the Income Tax Bill 2025, clarifying how interest on advance tax shortfall is to be calculated. This update is important for taxpayers, professionals, and companies managing large tax outflows. What Triggered the Corrigendum? What the Corrigendum Clarifies Here’s what the corrigendum to the Income Tax Bill 2025 […]
Read More13 Aug, 2025
No GST Notices to Small Vendors Based on UPI: What It Really Means Finance Minister Nirmala Sitharaman has confirmed that no GST notices are being sent to small vendors solely on the basis of UPI transactions. Let’s break down the issue, clarify what’s true, and what Indian small businesses should actually watch out for. What […]
Read More13 Aug, 2025
Background of the Case In the case of M/s Vedanta Ltd v. Principal Commissioner of State Tax (2025), the petitioner challenged a reassessment order passed under Section 73 of the OGST Act, 2017, demanding tax already settled under earlier proceedings. Key facts: Key observations by the Orissa High Court 📌 Legal citation: Vedanta Ltd. v. […]
Read More13 Aug, 2025
Is “Cash Only or Pay Online with GST” Legal in India? You’ve seen it — shops, restaurants, salons, even clinics saying:“Cash only” or “GST extra if you pay by UPI/card”.Is this legal? And what does the law say about GST being charged selectively? Let’s break it down with tax rules, legal angles, and what you […]
Read More13 Aug, 2025
₹24 Income Tax Filing Too Good to Be True? Jio Finance’s ₹24 income tax filing offer has made waves in tax season 2025. But what does it really include? Is it compliant, reliable, and complete — or just a hook? This blog decodes the ₹24 ITR filing deal, its implications, and how it stacks up […]
Read More13 Aug, 2025
Intro:Refund for perishable goods lost due to GST delay is legally valid when loss occurs due to departmental inaction. In a recent case, the High Court not only upheld the refund but also directed a ₹50 lakh compensation from the erring officer’s pocket. Key grounds: Legal Reference: Compensation for GST Officer’s Misuse of Power Case […]
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