13 Aug, 2025
Summary The Indian government has introduced simplified income tax and GST reforms aimed at easing compliance for small taxpayers. Key updates include higher threshold limits, relaxed return filing norms, and amnesty schemes. Here’s a complete breakdown with rules, expert tips, and official references. Simplified Income Tax and GST Reforms for Small Taxpayers The simplified income […]
Read More13 Aug, 2025
GST Impact on Circular Economy in India A recent CSE study has raised red flags over how India’s Goods and Services Tax (GST) structure is hurting the circular economy—a model based on reuse, repair, refurbishing and recycling. High tax rates and input credit restrictions are discouraging sustainable practices and inflating compliance costs for small repair […]
Read More08 Aug, 2025
Intro GST Amnesty Scheme eligibility was recently challenged in the Delhi High Court after a taxpayer could not avail benefits due to the non-availability of an amended DRC-07 on the GST portal. The Court stepped in, directing authorities to upload the amended order within two weeks, reinforcing the principle that procedural gaps should not deprive […]
Read More08 Aug, 2025
Vodafone Idea GST Demand What Happened? The Central Board of Indirect Taxes and Customs (CBIC) has issued a demand of ₹21.39 crore GST to Vodafone Idea Limited, alleging short payment of tax under the Reverse Charge Mechanism (RCM). This demand stems from the company’s procurement of certain services from abroad, which, according to authorities, attracted […]
Read More08 Aug, 2025
Intro Cash payments in freelance work may seem convenient, but they can expose you to tax scrutiny, legal risks, and even penalties. In India, the Income-tax Act and RBI guidelines impose strict limits on cash transactions. Ignoring these rules can hurt your credibility and future income opportunities. Why Cash Payments Can Be Risky 1. Income […]
Read More08 Aug, 2025
Intro GST fraud via fake invoices has once again made headlines after an accountant hacked his employer’s GST portal, allegedly generating fake invoices to siphon off ₹1.80 crore. This case is a stark reminder that GST compliance is not just about filing returns—it’s also about securing access and preventing insider misuse. The Case in Brief […]
Read More08 Aug, 2025
Introduction The concept of assessee cross-examination rights often comes up in tax and GST proceedings, especially when the Revenue relies on witness statements. A recent case clarified that if adjudication is solely based on documentary evidence and not on oral statements, the assessee cannot insist on cross-examining the officers who issued summons or arrest memos. […]
Read More08 Aug, 2025
Summary Income Tax Bill 2025 aims to replace the 1961 Act with clearer, reduced chapters, digital-ready rules, and capital-loss flexibility—rolling out from April 1, 2026—to deliver simpler, fairer taxation for Indians. Introduction Income Tax Bill 2025 aims to modernise India’s tax framework by replacing the six-decade‑old Income‑Tax Act, 1961. Laid out clearly in the first 50 words of this post, […]
Read More08 Aug, 2025
Summary E‑commerce export returns policy allows duty‑free re‑import of rejected goods, easing compliance. Efiletax explains exemptions, key regulations, and practical steps to claim refunds hassle‑free. Intro E-commerce export returns simplified can ease the burden on Indian exporters. When goods are rejected or returned, duty exemptions apply—if you can prove they’re the same. Efiletax breaks down […]
Read More07 Aug, 2025
GST on Fertilisers: What May Change? The GST Council is likely to consider a proposal to levy a uniform 12% GST on fertilisers and their inputs in its upcoming meetings. This move aims to simplify tax credit chains, reduce accumulation of ITC, and make fertilisers more affordable and compliant across the supply chain. Currently, the […]
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