19 May, 2025
Understanding Section 143(2) Notice What Taxpayers Must Know Section 143(2) notice is a powerful tool available to the Income Tax Department to initiate scrutiny assessment. Recently, the High Court reaffirmed that Income Tax Officers (like ACIT or DCIT) have jurisdiction to issue this notice, clarifying doubts around procedural authority. If you’re a taxpayer or tax […]
Read More19 May, 2025
Intro:Engineering and pharma boost goods exports in FY25 as India navigates global headwinds. Despite tepid global demand, sectors like electronics, agri, textiles, and chemicals have helped cushion the impact. This blog breaks down key drivers, sector trends, and government policy angles you need to know. What’s Keeping India’s Exports Afloat in FY25? The global trade […]
Read More19 May, 2025
Why Safeguard Duty on Steel Isn’t Solving the Import Problem India imposed safeguard duty on steel to protect domestic players. Despite this move, the country remains a net importer of finished steel as of April 2025. Let’s break down why the safeguard duty hasn’t delivered the full result, and what it means for Indian businesses […]
Read More19 May, 2025
CGST Delhi South Bags BIS Certification for Service Quality The focus keyphrase CGST Delhi South Commissionerate is making headlines for the right reasons — it’s now officially certified for excellence in public service delivery by the Bureau of Indian Standards (BIS) under IS 15700:2018. This certification is a mark of trust, indicating that taxpayer services […]
Read More19 May, 2025
Introduction A Fresh Pedal on GST Awareness Sundays on Cycle is CBIC’s latest initiative that blends fitness with GST awareness as India nears 8 years of Goods and Services Tax (GST). The campaign isn’t just a celebration—it’s a push to engage citizens, simplify compliance, and make tax education part of everyday life. Launched across key […]
Read More19 May, 2025
Port Restrictions on Imports from Bangladesh What Indian Businesses Must Know India recently imposed port-specific restrictions on the import of certain goods from Bangladesh. While the move aims to streamline customs control and address misuse of trade routes, it directly affects Indian importers and manufacturers who rely on specific ports. This blog breaks down the […]
Read More19 May, 2025
Gujarat GST Raids What Traders Must Know On May 14–15, 2025, the Gujarat GST Department launched an aggressive enforcement action to curb tax evasion. The GST raids in Gujarat targeted traders dealing in tobacco and utensils—sectors known for high cash transactions and alleged under-invoicing. This blog simplifies the legal and compliance angles behind this operation […]
Read More19 May, 2025
Punjab GST Revenue Dip What It Means for Taxpayers In a significant update, Punjab’s Finance Secretary has raised concerns over declining revenue from GST and state excise. This drop comes at a time when most states are seeing moderate growth in indirect tax collections. The focus keyphrase: Punjab GST revenue dip appears at the core […]
Read More17 May, 2025
This notice, related to the Assessment Year 2021–22, has stirred conversations around corporate tax practices, deductions, and compliance risks. Let’s break it down for Indian taxpayers, consultants, and finance teams. What Is the Tax Demand About? Key Tax Triggers to Watch Based on publicly available updates and past similar cases, here’s what such tax demands […]
Read More17 May, 2025
Telecom Equipment May Face 10% Duty What It Means The Finance Ministry is reportedly considering a 10% customs duty on key telecom equipment, including mobile network components, amid ongoing tax disputes with global suppliers. This move aims to resolve classification issues and pending litigations involving ₹2,500+ crore, especially concerning imports of Base Transceiver Stations (BTS), […]
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