23 Jul, 2025
ANF-2N Export Authorisation for Pharma Grade Sugar: Key Changes Explained The ANF-2N export authorisation rules for pharma grade sugar were recently updated by the Directorate General of Foreign Trade (DGFT) to streamline licensing and enhance regulatory control. These changes affect pharmaceutical exporters, sugar manufacturers, and merchant traders dealing in specialised sugar used in medicinal formulations. […]
Read More23 Jul, 2025
Income tax exemption under Section 10(46) The CBDT has granted income tax exemption under Section 10(46) to two state-run welfare boards—Andhra Pradesh Building and Other Construction Workers Welfare Board and Puducherry Building and Other Construction Workers Welfare Board. This move aligns with the government’s approach to support statutory bodies working for the welfare of unorganised […]
Read More23 Jul, 2025
Pharma Grade Sugar Export Deadline Extended: DGFT Clarification The focus keyphrase Pharma Grade Sugar export appears in the first 50 words below: The Directorate General of Foreign Trade (DGFT) has extended the last date to apply for Pharma Grade Sugar export approvals. As per the latest DGFT Notification dated 22 July 2025, exporters can now […]
Read More23 Jul, 2025
Electronic Certificate of Origin under India-Mauritius CECPA: CBIC Simplifies Imports In a key trade facilitation move, CBIC has clarified that importers can use digitally signed e-CoOs from Mauritius for availing preferential tariff benefits under the Comprehensive Economic Cooperation and Partnership Agreement (CECPA). This helps streamline import compliance and reduces paperwork, particularly for traders using the […]
Read More23 Jul, 2025
GST ITC Transfer Not Allowed Between Merged Companies in Different States This has serious implications for companies undergoing mergers, especially those with multi-State GST registrations. Let’s break it down in simple terms with legal backing and expert tips. What Was the Issue About? Many companies undergoing mergers or amalgamations asked whether they could transfer the […]
Read More23 Jul, 2025
Intro:The New Income Tax Bill is designed to simplify India’s direct tax law by reducing its length and complexity. A Lok Sabha panel has reviewed the draft to ensure the new law is easier to understand, cuts litigation, and lays a foundation for future tax reforms. Why a New Income Tax Bill? The current Income-tax […]
Read More23 Jul, 2025
Why Small Business Tax Rules Need Reform: SBI Raises a Red FlagIndia’s formalisation push depends on one pillar — small businesses adopting GST and digital systems. But a new SBI Research report warns that if tax authorities take harsh or inflexible actions, many of these firms could regress into the cash economy. This blog unpacks […]
Read More23 Jul, 2025
Demystifying Income Tax Filing: Who Must File Their Income Tax Return? Filing your income tax return (ITR) is not just for salaried individuals. The rules are broader and stricter than most people realise. In this blog, we break down who must file income tax return in India, based on the latest CBDT guidelines and legal […]
Read More23 Jul, 2025
Why Is GSTAT Still Not Operational? Legal Reasons Explained The delay in operationalising the Goods and Services Tax Appellate Tribunal (GSTAT) has frustrated many taxpayers and professionals. Though it was cleared in principle in 2023, the Ministry of Finance has recently clarified that legal and procedural hurdles are behind the delay. In this blog, we […]
Read More23 Jul, 2025
Summary Supreme Court has dismissed an SLP against the Gujarat HC’s interim relief restricting ITC blocking under Rule 86A to 10%. This means no final ruling yet, and the GST department can still block 100% ITC as per current law. SC dismisses SLP on 10% ITC block: What it means for taxpayers The focus keyphrase […]
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