06 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 […]
Read More06 Aug, 2025
Supreme Court Calls for Review of GST on Foreign OIDAR Services The issue of GST on foreign OIDAR services (Online Information and Database Access or Retrieval services) has once again drawn judicial attention. In a significant observation, the Supreme Court recently noted that proper tracking and enforcement of GST compliance by overseas digital service providers […]
Read More05 Aug, 2025
India Plans Support Measures for Exporters Amid Trump Tariff Threat The government is working on support measures for Indian exporters to cushion the potential blow from proposed Trump-era tariff policies, a senior official revealed. As global trade tensions resurface ahead of the 2025 US elections, India’s export sector may face increased pressure—especially in labour-intensive sectors […]
Read More05 Aug, 2025
Massive ₹47.12 Cr GST Fraud Uncovered in Iron & Steel SectorThe focus keyphrase GST fraud in iron sector has again made headlines as CGST Delhi South Commissionerate exposed a fake ITC racket involving iron & steel invoices. The accused fraudulently claimed ₹47.12 crore Input Tax Credit without actual supply of goods. Here’s what happened — […]
Read More05 Aug, 2025
Intro:The debate on lower GST on LIC premium has resurfaced after reports hinted that the Centre may consider rate reduction. With life insurance being a critical savings tool, taxpayers are keen to know if GST relief is finally on the table. Here’s the official word from the Finance Ministry and what it means for you. […]
Read More05 Aug, 2025
GST Evasion of ₹7.08 Trillion What It Means for Taxpayers India has detected a staggering GST evasion of ₹7.08 trillion over the last five years, according to CBIC data. A major chunk—₹1.79 trillion—was due to fake input tax credit (ITC) claims. This crackdown sends a strong signal to businesses: non-compliance is no longer worth the […]
Read More05 Aug, 2025
Who Really Pays Tax in India? If you think only salaried employees pay taxes, think again. In India, every citizen pays tax — directly through income tax or indirectly through GST, excise, fuel surcharge, and more. The real question isn’t who pays, but how much and in what form. Let’s decode the tax burden — […]
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