21 May, 2025
Rectification of Errors under Section 161 TNGST New Guidelines Explained The Tamil Nadu GST Department has issued fresh guidelines for correcting errors under Section 161 of the Tamil Nadu GST Act, helping both taxpayers and GST officers streamline the rectification process. These instructions are crucial for businesses and professionals dealing with GST orders containing apparent […]
Read More21 May, 2025
Refund should not be credited to Electronic Credit Ledger of a non-operational business A crucial clarification from CBIC has settled a recurring GST issue—refund should not be credited to the electronic credit ledger of a taxpayer whose business is no longer operational. This decision has significant compliance and financial implications for taxpayers, especially those who […]
Read More21 May, 2025
GST Demand Set Aside by High Court Key Takeaways for Businesses The High Court setting aside a GST demand order is more than just a legal win for one taxpayer—it’s a strong reminder to all businesses about their rights and the due process the tax department must follow. In this blog, we break down what […]
Read More21 May, 2025
Ludhiana GST Scam iPhone Supplies Used to Dupe Firm of ₹2.77 Cr A Ludhiana-based electronics firm has reportedly been cheated of ₹2.77 crore in a GST scam on iPhone supply involving fake invoices, fraudulent companies, and non-existent supplies. Four individuals have been booked for this alleged fraud under the Indian Penal Code and GST law. […]
Read More21 May, 2025
Introduction:GST rationalisation for mining equipment has become a pressing issue in India’s infrastructure push. The Confederation of Indian Industry (CII), along with global consulting firm Kearney, has urged the government to streamline GST and reduce import duties for the Mining and Construction Equipment (MCE) sector. This move aims to fix structural inefficiencies, boost domestic manufacturing, […]
Read More21 May, 2025
Refurbished HDD Imports DGFT Flags ₹800 Cr Risk to Customs & Data The import of refurbished hard disk drives (HDDs) has come under serious scrutiny after a recent alert from the Directorate General of Foreign Trade (DGFT) to the Central Board of Indirect Taxes and Customs (CBIC). The warning highlights potential violations of India’s Foreign […]
Read More21 May, 2025
🇮🇳 Rapeseed Meal Export to China Why It Matters Now India is eyeing a revival of rapeseed meal export to China after years of stagnation. With global soybean prices soaring and Indian rapeseed meal now significantly cheaper, the trade gap is narrowing—offering a golden window for Indian exporters to tap the Chinese market again. What […]
Read More20 May, 2025
Summary The Supreme Court has ruled in favour of Patanjali Ayurved in a 23-year-old customs classification case involving ‘Amla Juice’. The verdict clarifies tariff interpretation under the Customs Act, 1962 and provides relief to importers and manufacturers facing similar disputes. Supreme Court Ruling A Win for Patanjali After 23-Year Customs Battle The Supreme Court has […]
Read More20 May, 2025
₹156 Cr GST Scam via Fake Firms What You Must Know In a recent bust, tax authorities uncovered a ₹156 crore GST fraud involving fake firms issuing bogus bills. These firms were generating fraudulent Input Tax Credit (ITC) without any real supply of goods or services — a growing concern under India’s GST regime. Let’s […]
Read More20 May, 2025
GST Notice Can’t Be Issued for Selling Below Market Price When a business sells goods at a lower price than market rates, can GST officers question the transaction value and issue a notice?Short answer: No — not unless fraud or suppression is proven. Let’s break down this issue and recent court rulings that support taxpayers. […]
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