19 Jul, 2025
GST fraud in toy trading: ₹6.25 crore scam exposed A shocking case of GST fraud in toy trading has come to light involving a ₹6.25 crore scam. A Delhi-based firm allegedly used fake addresses and bogus e-waybills to evade taxes. The case highlights how loopholes in documentation and verification can be exploited—and why taxpayers must […]
Read More19 Jul, 2025
GST Fraud Case Akola: Trader Arrested for ₹9.97 Cr Scam A shocking GST fraud case in Akola has surfaced with the arrest of a trader for generating fake invoices worth ₹9.97 crore. The case highlights how GST evasion through bogus firms and fraudulent Input Tax Credit (ITC) continues to challenge tax authorities. Let’s break it […]
Read More19 Jul, 2025
GST Cut on Insurance Premiums: Relief for Policyholders Soon The GST cut on insurance premiums—especially life and health insurance—is being considered by the GST Council. If approved, this move could bring much-needed relief to crores of Indians paying high premiums with 18% GST. Here’s what you need to know. Why is GST Charged on Insurance? […]
Read More19 Jul, 2025
Mandatory Auto-Population of Table 3.2 in GSTR-3B from July 2025: What It Means for You Starting July 2025, the auto-population of Table 3.2 in GSTR-3B will become mandatory and non-editable, as per a new advisory by GSTN. This move aims to streamline intra-state and inter-state supply reporting, ensure accurate tax credit flow, and minimise return-filing […]
Read More19 Jul, 2025
Duty-free horse import for polo has officially been permitted by the Central Board of Indirect Taxes and Customs (CBIC) with the introduction of Entry 10A in the customs exemption schedule. Effective 19 July 2025, this marks a policy shift aimed at reviving India’s equestrian sporting traditions—specifically polo—with strategic and cultural undertones. Let’s break down what […]
Read More19 Jul, 2025
Appeal Related to Service Taxability Must Be Filed Before the Supreme Court u/s 35 of CEA: Delhi HC Ruling Explained In a recent and significant judgment, the Delhi High Court has clarified that if the dispute pertains to the taxability of a service, the appeal must be filed before the Supreme Court, not the High […]
Read More19 Jul, 2025
Half Yearly Tax Digest 2025: Major Tax Rulings You Must Know India’s tax landscape is shifting rapidly — and the Half Yearly Tax Digest 2025 confirms it. With landmark rulings from the Supreme Court and High Courts between January and June 2025, sectors like charitable trusts, indirect tax compliance, and income disclosures have seen judicial […]
Read More19 Jul, 2025
NPA Taxation Aligned with RBI Norms: What the New Income Tax Bill Means for You The new Income Tax Bill proposes to align the tax treatment of Non-Performing Assets (NPAs) with RBI’s 90-day default rule. This move could finally resolve the ongoing tax disputes around unrealised interest income on bad loans. Let’s break down what’s […]
Read More19 Jul, 2025
GST Rate Rationalisation 2025: A Simplified Tax Future Ahead? The focus keyphrase GST rate rationalisation is gaining attention again. With expectations of a major GST Council meet in August 2025, brokerages and policy experts foresee significant changes—like merging tax slabs and reducing GST on essentials such as cement, health insurance, and natural gas. But what […]
Read More19 Jul, 2025
New Income Tax Bill 2025: What It Means for YouThe New Income Tax Bill 2025, expected to be enforced from April 1, 2026, aims to replace the complex Income-tax Act, 1961 with a modern, concise, and transparent law. This long-awaited reform is not just a cosmetic overhaul — it rewrites tax rules for India’s digital […]
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