16 May, 2025
India’s Export Performance in April 2025 Sector-wise Highlights India’s export performance April 2025 signals renewed momentum for the economy. Backed by engineering goods, pharma, and electronics, merchandise and services exports continue their upward trend despite global challenges. Here’s a simplified breakdown of the numbers and what they mean for Indian exporters. Key Trade Figures – […]
Read More16 May, 2025
Summary DPIIT has approved 187 startups for tax benefits under the revised Section 80-IAC. The eligibility window is now extended to startups incorporated until 1st April 2030, offering a major boost to India’s innovation ecosystem. Section 80-IAC Tax Relief Extended: Big Boost for DPIIT-Recognised Startups In a landmark move, the Department for Promotion of Industry […]
Read More16 May, 2025
Section 80-IAC Tax Relief Now Extended Till April 2030 The focus keyphrase “Section 80-IAC tax relief” brings big news for Indian startups. In a major boost to innovation and entrepreneurship, the Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption under the revised Section 80-IAC framework. More […]
Read More16 May, 2025
Intro:GST advisory on Table 3.2 in GSTR-3B was recently issued by GSTN to avoid state-wise data mismatches in IGST reporting. If you’re filing GSTR-3B and dealing with inter-State supplies, this blog simplifies what you need to know and how to comply. What is Table 3.2 in GSTR-3B? Table 3.2 captures inter-State outward taxable supplies made […]
Read More16 May, 2025
Why Input Tax Credit Rules Need a Rethink in 2025 The input tax credit rules (ITC) under GST are once again under scrutiny. As businesses across India face working capital crunches and operational delays, tax experts and industry bodies are calling for bold reforms to unlock cash flow and reduce compliance stress. What Is Input […]
Read More16 May, 2025
Excise Duty Hike on Petrol, Diesel What It Means for You The excise duty hike on petrol and diesel from April 2025 is expected to generate around ₹33,000 crore for the central government. While it strengthens revenue, the move also affects inflation, logistics costs, and fuel pricing for consumers and businesses. Let’s break down what […]
Read More16 May, 2025
High Court Fines Firm for Fraudulent GST Credit Claim The High Court has imposed a penalty on a company for claiming fraudulent GST credit, setting a strong precedent against tax misuse. This case highlights the need for genuine tax practices and accurate documentation under GST. Let’s break down the judgment, the compliance errors made, and […]
Read More16 May, 2025
GST on Joint Development Agreements What Buyers Must Know The focus keyphrase GST on joint development has recently been in the spotlight due to a significant ruling by the Patna High Court. This decision clarifies when GST is applicable in real estate projects, especially those involving joint development between landowners and builders. If you’re a […]
Read More16 May, 2025
GST Litigation in India What’s Triggering the Spike? GST litigation is seeing a sharp rise across India, especially post-2023. From mismatch notices to input tax credit (ITC) rejections, businesses are facing increased scrutiny from tax authorities. Let’s break down the reasons behind this litigation wave and explore practical defence strategies for Indian taxpayers. Why Are […]
Read More15 May, 2025
Input Tax Credit Rules Need Reform for Better Cash Flow The input tax credit rules under GST have been a pain point for businesses. Under GST, businesses can claim credit for the tax paid on purchases (inputs) used in the course of business. Why Are Businesses Struggling With ITC? These hurdles force businesses to park […]
Read More