03 May, 2025
GST Registration Complaints? CBIC Now Has a Fix Facing delays or rejections in your GST registration application? You’re not alone. Many taxpayers find themselves stuck due to mismatches, pending validations, or lack of communication. To tackle this, the CBIC introduced a formal grievance redressal mechanism via Instruction No. 04/2025-GST, issued on 30.04.2025. Let’s break down […]
Read More02 May, 2025
RBI Clarifies ₹2000 Note Exchange Rules in 2025 The ₹2000 note, introduced in 2016 post-demonetisation, has officially exited circulation. If you’re wondering how to exchange ₹2000 notes, here’s what the Reserve Bank of India (RBI) has officially stated for 2025. Why Is the ₹2000 Note Being Withdrawn? Key RBI Guidelines on ₹2000 Note Exchange Particulars […]
Read More02 May, 2025
Introduction: Why the Updated ICAI Handbook Matters Updated ICAI handbook on exempted supplies under GST is now live, offering detailed clarity for tax professionals, businesses, and consultants. This update addresses practical doubts, evolving interpretations, and recent legal changes impacting exemption claims under GST. Whether you’re a CA, MSME owner, or GST practitioner, understanding exempted supplies […]
Read More02 May, 2025
T+0 Settlement: SEBI Grants Extra Time to Brokers SEBI has officially extended the implementation timeline for the optional T+0 settlement cycle to November 2025. This gives qualified stock brokers (QSBs) more breathing room to operationalise faster trade settlements in a phased, risk-controlled manner. Let’s break it down. What is the T+0 Settlement Cycle? SEBI’s Latest […]
Read More02 May, 2025
ED’s Expanding Role in India’s Financial Security Framework In his address at the 69th Foundation Day of the Enforcement Directorate (ED), MoS Finance Pankaj Chaudhary reiterated the ED’s economic security role in safeguarding India’s financial ecosystem. From enforcing the Prevention of Money Laundering Act (PMLA) to disrupting illicit financial flows, the ED has grown into […]
Read More02 May, 2025
Biometric-Based Aadhaar Authentication in GST: A Game Changer From May 1, 2025, Aadhaar biometric authentication with document verification and slot booking is available for new GST registrations in all States and UTs. Sikkim was the final region onboarded, completing the national rollout. This process adds a security layer to weed out fake firms and strengthens […]
Read More02 May, 2025
CBDT has notified ITR Form 3 for AY 2025-26. Major updates include crypto disclosures, changes for unlisted shares, and additional financial reporting. Know who should file and what’s new. ITR Form 3 AY 2025-26: What’s Changed? The Central Board of Direct Taxes (CBDT) has officially notified Income Tax Return Form 3 for Assessment Year (AY) […]
Read More02 May, 2025
SC Quashes Duty Demand Intro:The Supreme Court recently struck down a customs duty demand arising from chemical reclassification due to procedural lapses in sampling and testing. This case sets a strong precedent on how Customs must follow due process when altering HS Code classifications, especially when it leads to higher duties. What Was the Case […]
Read More02 May, 2025
Guarantor’s Insolvency Petition Fails: NCLAT Clarifies Section 94 Scope In a crucial ruling, the National Company Law Appellate Tribunal (NCLAT) dismissed a Section 94 insolvency petition filed by a personal guarantor, calling it a tactical misuse to stall debt recovery. This decision sets a clear precedent against strategic delays under the Insolvency and Bankruptcy Code […]
Read More02 May, 2025
Intro Paragraph:ITC refund issues often confuse businesses offering both goods and services. A recent Andhra Pradesh High Court ruling clarifies that the absence of service details in a GST registration certificate does not disqualify a taxpayer from claiming refunds on zero-rated service exports. What Was the Case About? Alstom Transport India Ltd., initially registered under […]
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