13 Jan, 2025
GSTN Introduces Online ITC Rectification Tool for 2017-2021 Claims Goods and Services Tax (GST)-registered taxpayers have a golden opportunity to reclaim their denied input tax credit (ITC) from past financial years. The GST Network (GSTN) has introduced a streamlined online rectification tool, allowing taxpayers to file applications to rectify discrepancies in ITC claims from FY […]
Read More13 Jan, 2025
Relief for GST Taxpayers: Deadlines Extended for GSTR-1 and GSTR-3B The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadlines for filing monthly and quarterly GST returns under GSTR-1 and GSTR-3B forms. This decision, announced on January 10, 2025, provides relief to taxpayers facing challenges due to technical glitches on the GST […]
Read More13 Jan, 2025
Introduction: Relief for the E-Gaming Industry The Indian e-gaming industry recently received a major relief as the Supreme Court (SC) stayed Goods and Services Tax (GST) proceedings against 49 online gaming companies. This interim order halts retrospective GST demands, which have been a significant concern for the industry, particularly following the GST Council’s 28% tax […]
Read More11 Jan, 2025
In early January 2025, the 90-hour workweek debate has reignited discussions on productivity, employee well-being, and work culture in India. Industry leaders such as Anand Mahindra, Narayana Murthy, and SN Subrahmanyan have weighed in with contrasting views, sparking national interest and varied reactions. Narayana Murthy: The 70-Hour Workweek Proposal This debate traces back to 2023, […]
Read More11 Jan, 2025
Infosys vs Cognizant: The Trade Secrets Showdown Infosys has filed a lawsuit against Cognizant and its CEO, Ravi Kumar S, alleging misuse of trade secrets and anti-competitive practices. This legal dispute, cantered in a U.S. federal court in Texas, sheds light on the competitive tensions within the IT industry, particularly in the healthcare software sector. […]
Read More11 Jan, 2025
The Union Government’s recent move to allocate a India’s Tax Devolution of ₹1,73,030 crore to State Governments in January 2025 marks a pivotal shift in fiscal planning. This allocation reflects a 94% increase from December 2024’s ₹89,086 crore, underscoring the Centre’s commitment to strengthening state finances for capital expenditure and welfare-driven initiatives. Why the Surge […]
Read More10 Jan, 2025
GST Filing Deadline Extensions: January 2025 Update The Central Board of Indirect Taxes and Customs (CBIC) has issued two critical notifications extending GST filing deadlines for the month of January 2025. These changes apply to GSTR-1 and GSTR-3B returns for various taxpayers across India. Here’s a breakdown of the updated deadlines: Updated Deadlines for GSTR-1 […]
Read More10 Jan, 2025
The GST Dilemma: Are E-Commerce Operators Service Providers or Facilitators? The rapid evolution of technology has revolutionized business models, particularly in e-commerce. These advancements often challenge existing tax laws, raising critical questions about compliance. One enduring ambiguity under the Goods and Services Tax (GST) framework revolves around whether electronic commerce operators (ECOs) act as service […]
Read More10 Jan, 2025
Is Kulcha Bread? The GST Exemption Debate The GST exemption for bread has sparked heated legal debates, with Britannia Industries now required to convince the Directorate General of GST Intelligence (DGGI) that kulcha qualifies as bread and deserves GST exemption. This follows a Calcutta High Court ruling that urged Britannia to follow the legal process […]
Read More10 Jan, 2025
Introduction The recent judgment by the Madras High Court has sparked significant discussions regarding the valid service of notices under Section 169 of the Central Goods and Services Tax (CGST) Act, 2017. The case highlights whether uploading notices solely on the GST portal satisfies the statutory requirement or whether additional modes of service, such as […]
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