12 Mar, 2025
SC Imposes Limits on Arrests Under GST & Customs Acts The Supreme Court of India, in Radhika Agarwal v Union of India, has significantly curtailed the arrest powers of tax authorities under the GST and Customs Acts. The ruling establishes that these powers are subject to the same procedural safeguards that govern police arrests under […]
Read More12 Mar, 2025
Introduction The Indian government continues to tighten GST compliance to curb tax evasion and improve revenue collection. In FY 2024-25 alone, authorities detected ₹1.95 lakh crore in GST fraud across 25,000+ cases. Fake Input Tax Credit (ITC) claims accounted for ₹46,472 crore, revealing loopholes that fraudsters continue to exploit. To address this, the government has […]
Read More12 Mar, 2025
Introduction The Federation of Hotel & Restaurant Associations of India (FHRAI) has urged the government to reform the current Goods and Services Tax (GST) structure on food and beverage (F&B) services in hotels. Presently, restaurants in hotels where room tariffs are below ₹7,500 attract 5% GST without Input Tax Credit (ITC), whereas those exceeding this […]
Read More12 Mar, 2025
GST Council Constitutes GoM to Examine Natural Calamity Cess Background & Purpose The Goods and Services Tax (GST) Council has constituted a Group of Ministers (GoM) to explore the feasibility and framework for levying a special natural calamity cess. This move comes as part of efforts to strengthen revenue mobilization for states facing disasters. The […]
Read More10 Mar, 2025
GST Rates Slashed: Key Announcements by FM Nirmala Sitharaman India is set to witness a major reduction in Goods and Services Tax (GST) rates, as announced by Finance Minister Nirmala Sitharaman at the Economic Times Awards for Corporate Excellence. With the revenue-neutral rate declining from 15.8% at the launch of GST to 11.4%, the government […]
Read More10 Mar, 2025
Introduction The Goods and Services Tax (GST) framework in India continues to evolve with new amendments aimed at improving compliance and revenue generation. In a major move, the GST Council, in its 55th meeting on December 21, 2024, decided to reconstitute the Group of Ministers (GoM) on GST revenue analysis with an expanded Terms of […]
Read More10 Mar, 2025
Introduction India’s tax system is undergoing a massive transformation in 2025 to simplify processes and improve compliance. Two major updates are: These changes will impact individual taxpayers, businesses, and professionals alike. Let’s break them down. The Income Tax Bill, 2025: A Fresh Start for Taxpayers The new Income Tax Bill, 2025, aims to replace the […]
Read More08 Mar, 2025
Introduction In a move to refine tax collection strategies and boost revenue efficiency, the GST Council has reconstituted the Group of Ministers (GoM) on GST revenue analysis. The restructuring aims to analyze state-wise tax collections, identify revenue patterns across sectors, and evaluate the impact of economic factors on GST compliance. The revised GoM, led by […]
Read More08 Mar, 2025
Introduction: Protecting Taxpayers’ Rights in GST Seizures The Delhi High Court recently ruled that the GST Department must provide notice before extending the period of seizure under Section 67(7) of the Central Goods and Services Tax (CGST) Act, 2017. This judgment aligns with the Supreme Court’s interpretation of Section 110 of the Customs Act, 1962, […]
Read More08 Mar, 2025
Introduction The Indian government’s 2025 Union Budget has introduced significant changes in the taxation landscape, aiming to simplify processes and boost economic growth. These reforms encompass revisions to income tax slabs, the introduction of a new Income Tax Bill, updates to Goods and Services Tax (GST) regulations, and notable legal rulings. This article delves into […]
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