05 Jul, 2025
CBIC Digital Transformation for Trade: What You Need to Know The CBIC digital transformation for trade is reshaping India’s customs and indirect tax administration. Through automation, paperless procedures, and integrated platforms, CBIC has made import-export operations smoother, faster, and more transparent—drastically improving the ease of doing business. Let’s decode what’s changing and how it impacts […]
Read More05 Jul, 2025
Understanding MSME Sector in India: Tax Benefits & Compliance The MSME sector in India contributes over 30.1% to the GDP, 35.4% of manufacturing output, and nearly 46% of exports. With over 6.3 crore units, MSMEs are the backbone of India’s economy. But many entrepreneurs struggle to navigate the tax benefits, income tax rules, and GST […]
Read More05 Jul, 2025
GST Relief Sought for Mango Pulp and Fruit Juices In recent months, GST relief sought for mango pulp and fruit juices has become a hot topic among fruit processors and exporters. With rising food inflation and reduced global demand, the industry is lobbying for a tax rate cut from the current 12% to 5%. This […]
Read More05 Jul, 2025
GST evasion of ₹2.2 lakh crore: What it means for Indian businesses The focus keyphrase “GST evasion” has returned to the spotlight, with the Group of Ministers (GoM) identifying evasion worth ₹2.2 lakh crore across sectors. Ahead of the upcoming GST Council meeting, sector-specific enforcement strategies are being discussed to plug revenue leakages. This blog […]
Read More05 Jul, 2025
GST cess reforms: Time to fix the ‘one nation, one tax’ promise When the GST regime was launched in July 2017, it promised simplicity — “one nation, one tax.” But over time, that promise has been diluted. One big reason? The growing use of GST cess, which not only complicates the tax structure but also […]
Read More04 Jul, 2025
Fake ITC Racket Crackdown in Kashmir: GST Compliance Tightens The focus keyphrase Fake ITC racket has come under national spotlight after the State Taxes (ST) Department of Jammu & Kashmir launched a massive crackdown across Srinagar, Baramulla, and other districts. Businesses linked to bogus firms are now facing intense scrutiny, blocking of ITC, and legal […]
Read More04 Jul, 2025
Cost Inflation Index AY 2025–26: What Property Sellers Need to Know The Cost Inflation Index AY 2025–26 has been notified by the CBDT at 363, offering timely tax relief to individuals selling real estate and other long-term capital assets. This indexation helps adjust the purchase price of assets for inflation, thereby reducing the taxable capital […]
Read More04 Jul, 2025
MCA21 V3 Portal Downtime: What It Means for ROC Filings The MCA21 V3 Portal will be temporarily unavailable from 9th July to 13th July 2025, as per the Ministry of Corporate Affairs’ stakeholder announcement. This planned downtime is for system upgrades and backend maintenance. If you’re a company, LLP, or professional dealing with ROC filings, […]
Read More04 Jul, 2025
RBI Restricts Pre-payment Charges: What It Means for You The Reserve Bank of India (RBI) has officially restricted pre-payment charges on floating rate loans availed by individual borrowers and micro and small enterprises (MSEs). This move aims to empower borrowers with more flexibility and reduce the penalty burden for closing loans early. Here’s a simple […]
Read More04 Jul, 2025
Unified Pension Scheme tax benefits: What central employees need to know From April 2025, central government employees opting for the Unified Pension Scheme (UPS) can breathe easy — the tax benefits will now mirror those under the National Pension System (NPS). This ensures parity, flexibility, and continued savings for employees looking to switch. Let’s decode […]
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