23 Jul, 2025
GST Compensation Dues: What States Got and What’s NextThis update from the Finance Ministry ends years of speculation about pending dues and opens the door for a new mechanism to support state revenues post-compensation cess.To ease this, the Centre promised a five-year compensation for any shortfall in their annual revenue growth, calculated at 14% from […]
Read More23 Jul, 2025
Can GST Apply to Entire Bet Value in Casinos or Gaming? Supreme Court Weighs In The GST on bet value in casinos and online gaming platforms is now under the Supreme Court’s lens. At the heart of the case is whether GST should be levied on the entire face value of the bet — or […]
Read More23 Jul, 2025
GST scrutiny on UPI payments: A growing concern for small businesses With the GST regime pushing for digital formalisation, UPI transactions have become a visible trail for tax officers. But the growing GST scrutiny on UPI payments—especially for small traders—has triggered concerns of overreach and a return to cash-based dealings. A July 2025 SBI research […]
Read More23 Jul, 2025
Auto Demand in India: Why Tax Cuts and Rate Drops Aren’t Enough Despite recent income tax cuts, RBI’s lending rate easing, and favourable monsoon conditions, India’s auto sector hasn’t seen the sales revival many expected. A new report suggests consumer demand remains muted even as economic and policy indicators look supportive. Let’s break down the […]
Read More23 Jul, 2025
Refund relief for small taxpayers: What the panel recommends A key Parliamentary Standing Committee has recommended refund relief for small taxpayers who miss the due date for filing their Income Tax Return (ITR). If accepted by the CBDT, this proposal could bring big relief to lakhs of individual filers and MSMEs who lose out on […]
Read More22 Jul, 2025
GST Rate Confusion Hits the Textile Sector The textile industry seeks uniform GST rate to simplify tax compliance and reduce classification disputes. This fragmented structure has led to compliance hurdles, frequent notices, and cash flow mismatches for MSMEs and exporters. Current GST Rates in the Textile Sector Item GST Rate Cotton fibre, yarn, fabric 5% […]
Read More22 Jul, 2025
GST on motion-lit toys may change soon The GST on motion-lit toys is under review. The Commerce Ministry has asked the GST Council to rationalize the current tax rate of 18%, as it’s higher than the 12% charged on non-electronic toys. If approved, this change could directly benefit Indian toy manufacturers and importers who deal […]
Read More22 Jul, 2025
GST on Gaming Cashbacks and Bonuses: Explained Simply With GST on gaming cashbacks and bonuses in the spotlight, several gaming companies have received tax notices for not paying GST on promotional incentives like cashback, welcome bonuses, and referral credits. The GST authorities argue that these are part of “consideration” under Section 15 of the CGST […]
Read More22 Jul, 2025
Why a GST Notice to Vendor Is Making News The vendor, who sells produce on a cart, became a victim of GST identity misuse — raising fresh concerns over data safety and tax portal vulnerabilities. If you’re a small trader, this story is a wake-up call. Here’s a breakdown of what happened, why it matters, […]
Read More22 Jul, 2025
GST Appellate Benches Still Not Functional in 45 Locations: What It Means for Taxpayers The GST Appellate Tribunal (GSTAT), a critical body for resolving indirect tax disputes, is still not operational in 45 locations across India. This was confirmed by the Ministry of Finance in the Lok Sabha in July 2025. The delay has raised […]
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