GST Cuts May Not Significantly Boost Urban Festive Spending: Ambit Report A report by Ambit suggests that festive season spending this year is expected to be subdued in urban regions and may not receive a substantial boost from the recent GST rate cuts. Reasons for Sluggish Urban Demand Stagnant Disposable Income: The primary… Read More »
Manipur GST Ordinance Notified: Second Amendment of 2025 The government has formally notified the Manipur Goods and Services Tax (Second Amendment) Ordinance, 2025. Key Details Enactment: The Ordinance has been notified to introduce amendments to the Manipur Goods and Services Tax (GST) Act, 2017. Purpose: These amendments align the state’s GST law with changes… Read More »
CBIC Extends Timeline for Sea Cargo Manifest and Transhipment Regulations (SCMTR) The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 25/2025-Customs to clarify and extend the implementation timeline for the Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018. Key Implementation Updates and Extension Sea Arrival and Departure Manifests Operational:… Read More »
57th GST Council Meeting: Focus Shifts to Compliance and Procedural Easing The upcoming 57th GST Council meeting is expected to shift its focus from major tax rate changes (after the GST 2.0 rationalization) to easing compliance burdens and implementing procedural reforms for businesses. Key Areas Expected to be Addressed Simplifying Compliance for Taxpayers:… Read More »
GST Rate Cuts: Empowering Kerala’s Economy from Spices to Seafood The recent GST reforms, which include substantial rate reductions (mostly from 18% or 12% down to 5%) across key products, are designed to boost Kerala’s traditional economy by improving affordability, enhancing export competitiveness, and strengthening local livelihoods. Key Sectoral Gains from Tax Rationalization Plantation… Read More »
Section 74 of the CGST Act requires proof of fraud, not just suspicion based on a supplier’s actions or unverified intelligence reports. Issue Can the GST authorities validly invoke the harsh provisions of Section 74 of the CGST Act, 2017, and deny Input Tax Credit (ITC) based on an unverified intelligence report and the subsequent… Read More »
The GST Appellate Authority has wide powers to re-adjudicate a case completely. Issue Does the first Appellate Authority under Section 107(11) of the CGST Act, 2017, have the full power to re-examine all facts, evidence, and replies afresh (acting as a true first appeal), or is its role limited to merely reviewing the correctness of… Read More »
Supreme Court Upholds Tax on Lottery Printing Materials The Supreme Court of India upheld the imposition of Trade Tax on the sale of materials used for printing lottery tickets, specifically ink and chemicals. Key Points of the Judicial Ruling Nature of the Dispute: The case revolved around whether the materials used to print lottery tickets—namely,… Read More »
Bajaj Auto Receives Over ₹3.5 Crore Tax Demand from Assam Authorities Bajaj Auto Limited received a demand notice for tax, interest, and penalty totaling over ₹3.5 crore from the Assam tax authorities. Key Details of the Demand Total Amount: The demand notice seeks ₹3,56,86,173 (over ₹3.56 crore). Issuing Authority: The Deputy Commissioner of State… Read More »
Madras High Court Seeks Disclosure of Fuel Tax Components in Bills The Madras High Court issued a notice to the Central Government and relevant authorities regarding a public interest litigation (PIL) that seeks to mandate the disclosure of all tax components in petrol and diesel bills provided to consumers. Key Points of the Plea… Read More »