02 Jul, 2025
GST Revenue June 2025 ₹1.85 Lakh Crore Marks 4-Month Low India’s GST revenue June 2025 stood at ₹1.85 lakh crore, the lowest in the last four months—yet it reflects steady compliance and continued economic activity. Here’s a simple breakdown of what this means for taxpayers, businesses, and policymakers. Quick Snapshot: GST Collection June 2025 Particulars […]
Read More02 Jul, 2025
Patna HC Orders Refund for Illegal GST Recovery: What Taxpayers Should Know In a significant judgment that underscores taxpayer rights, the Patna High Court recently ordered the Bihar State GST Department to refund ₹10,000 to a taxpayer, citing illegal GST recovery. The court also reminded officers that coercive recovery without due process violates statutory protections […]
Read More02 Jul, 2025
TAX ASSIST Income Tax Dept’s New Helpdesk for Taxpayers The Income Tax Department has launched a dedicated support platform called TAX ASSIST to help taxpayers resolve common income tax-related issues. Whether it’s a question on Form 26AS, TDS, ITR filing, or refund delays — TAX ASSIST is designed to offer real-time help and faster grievance […]
Read More02 Jul, 2025
ITR 2 and ITR 3 Forms Delay Where Are the Utilities for AY 2025-26? It’s been over 90 days since the new financial year began, but ITR 2 and ITR 3 forms for Assessment Year 2025-26 are still not available. Who Needs ITR 2 and ITR 3? ITR Form Applicable For ITR 2 Individuals and […]
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CBDT Clarifies Interest Waiver Under Section 201 and 206CUnderstand the latest CBDT circular on waiver of interest for TDS/TCS defaults due to court rulings or retrospective changes. What’s the CBDT Interest Waiver Circular About? In a welcome move, the Central Board of Direct Taxes (CBDT) has issued Circular No. 7/2024 dated 25 June 2024, clarifying […]
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Capital Gain Benefits With and Without Indexation: A Simplified Guide When selling a property, shares, gold, or mutual funds, capital gains arise. But how much tax you pay can differ—especially if indexation benefits apply. Let’s break down how capital gain benefits with and without indexation work, and how set-off and carry forward of losses can […]
Read More02 Jul, 2025
GST: A Landmark Reform in India’s Economic Growth The Goods and Services Tax (GST) has been hailed as a landmark reform in India’s economic journey. Introduced on 1st July 2017, GST unified numerous indirect taxes, simplifying compliance and creating a single national market. As Prime Minister Narendra Modi recently emphasized, GST has fundamentally reshaped India’s […]
Read More02 Jul, 2025
Disodium Carbonate Import Price Extended till Dec 2025 The Directorate General of Foreign Trade (DGFT) has extended the Minimum Import Price (MIP) of Disodium Carbonate (Soda Ash) at ₹20,108 per metric ton (MT) until December 31, 2025. This move, notified via DGFT Notification No. 19/2025-26 dated 28 June 2025, aims to protect domestic soda ash […]
Read More02 Jul, 2025
Eight Years of GST How India’s Tax Regime Has Evolved Since its launch on 1st July 2017, the Goods and Services Tax (GST) has been a transformative shift in India’s indirect tax system. Designed to replace a complex web of state and central taxes, GST in India is now eight years old—and it has seen […]
Read More02 Jul, 2025
Low Ash Metallurgical Coke Import Restriction Extended Till 31 Dec 2025 The import restriction on Low Ash Metallurgical Coke (LAM Coke) has been officially extended by the Directorate General of Foreign Trade (DGFT). What Are Quantitative Restrictions (QR)? For LAM Coke, this helps: Key Highlights of the Latest QR Extension Particulars Details Product Low Ash […]
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