06 Aug, 2025
How a GST Portal Hack Cost a Greater Noida Firm ₹1.80 Crore GST portal hacked by accountant — sounds like a sensational headline, but it’s now a real cautionary tale for every Indian business owner. In a recent case reported from Greater Noida, an accountant misused access to a company’s GST portal, created fake invoices, […]
Read More06 Aug, 2025
GST on MPLAD Scheme: What You Need to Know A recent recommendation by a Parliamentary Standing Committee has sparked renewed debate over GST on MPLAD scheme funds. The panel urged the government to exempt GST on MPLAD-funded projects, claiming that tax outgo reduces the overall impact of the ₹5 crore annual allocation per MP. But […]
Read More06 Aug, 2025
PAN Misuse Bail Case: What Every Taxpayer Should Know A recent PAN misuse bail case from the Punjab & Haryana High Court shows how identity fraud can spiral into serious tax trouble. The court granted bail to an accused who allegedly misused another person’s PAN to show ₹7 crore fake transactions. But the relief came […]
Read More06 Aug, 2025
Will ₹500 Notes Be Discontinued? RBI Clears the Air The focus keyphrase “₹500 notes not withdrawn” has dominated financial news after public speculation. But the Ministry of Finance has now clarified that ₹500 notes will continue in circulation. The clarification came in response to a Rajya Sabha question, putting to rest all rumours about a […]
Read More06 Aug, 2025
Is a 50% Income Tax Fair? No Indian should have to give away half their income in taxes. The idea of a 50% income tax—plus GST, property tax, and other levies—goes against the principles of equity and efficient taxation. Let’s break down why this kind of burden is unacceptable from a legal, economic, and compliance […]
Read More06 Aug, 2025
ITR for Visa Applications: Key Rules for Indian Applicants Filing your ITR isn’t just a tax ritual — it’s a passport to global travel. For many visa applications, Income Tax Return (ITR) documents are a non-negotiable requirement. Whether you’re planning to study abroad, travel for leisure, or attend business meetings, your financial transparency matters. This […]
Read More06 Aug, 2025
RBI Holds Repo Rate at 5.5%: What It Means for India The repo rate unchanged at 5.5% in RBI’s latest policy review reflects a cautious approach amid rising global uncertainty, especially with fresh tariff threats from Donald Trump if he returns to the White House. This decision signals RBI’s balancing act: controlling inflation while safeguarding […]
Read More06 Aug, 2025
Intro:The tax relief for essential food supplies under Delhi government departments has been clarified by the GST authorities, bringing much-needed clarity on exemptions. This blog explains the legal provisions, who it benefits, and how procurement policies must align with GST rules. Background: Why This Clarification Was Needed Government departments often procure essential food items like […]
Read More06 Aug, 2025
RBI Keeps Repo Rate Unchanged at 5.50%: What It Means The repo rate unchanged at 5.50% was the key takeaway from the Reserve Bank of India’s latest Monetary Policy Committee (MPC) meeting. While this signals RBI’s cautious stance, it has direct implications on your home loans, EMIs, inflation outlook, and investment returns. Here’s a breakdown. […]
Read More06 Aug, 2025
Refund of Compensation Cess on Coal: CBIC Clarification Explained CBIC addressed this in Circular No. 181/13/2022-GST dated 10.11.2022, denying such refunds. But is this circular legally tenable? Let’s break it down. What Is Compensation Cess on Coal? Compensation cess is levied under the Goods and Services Tax (Compensation to States) Act, 2017 to compensate states […]
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