Auto Sales Surge in October, Driven by GST Cuts and Festive Season Issue: To report on the retail and wholesale performance of India’s automotive sector in October 2025 and identify the key drivers of the strong industry momentum following the GST rate rationalization (GST 2.0). Facts: The GST rate cut on various auto segments… Read More »
Manufacturing Activity Rebounds in October: GST Cuts Lift Sentiment Issue: To report on the recovery of India’s manufacturing sector in October 2025, identifying the factors driving the surge in factory output and overall positive sentiment. Facts: India’s factory activity is measured by the HSBC Manufacturing Purchasing Managers’ Index (PMI). The PMI reading for October… Read More »
Mumbai Man and Associates Face Charges in ₹75.48 Crore GST Fraud Issue: The Thane cyber police registered a case against a Mumbai resident and his associates for allegedly committing a massive Goods and Services Tax (GST) fraud by misusing the confidential online credentials of a laptop sales professional and his friend. Facts: The accused,… Read More »
Strong Monsoon and GST Cuts to Drive Tractor Industry Growth Issue: To revise the growth outlook for the domestic tractor industry for the fiscal year 2026 (FY26), based on the favorable performance of the monsoon season and the stimulus provided by the recent Goods and Services Tax (GST) rate rationalization. Facts: The domestic tractor… Read More »
India and New Zealand Begin Fourth Round of FTA Negotiations Issue: To advance negotiations for a comprehensive, balanced, and mutually beneficial Free Trade Agreement (FTA) between India and New Zealand, fulfilling the commitment to deepen economic ties. Facts: The negotiations for the India-New Zealand FTA were launched earlier following guidance from the Prime Ministers… Read More »
Kannur Airport Added as New Food Import Entry Point Issue: To update the official list of authorized entry points for food imports into India and to designate the competent authorized officers (from FSSAI and Customs) at the newly added location for inspection and clearance. Facts: The Central Board of Indirect Taxes and Customs (CBIC)… Read More »
Goa’s GST Collections Dip 3% in October Despite Strong Year-to-Date Growth Issue: To analyze the revenue performance of Goa’s Goods and Services Tax (GST) collections in October 2025, noting the marginal monthly decline despite strong cumulative growth for the financial year and the onset of the festive/tourism season. Facts: Goa’s GST revenue saw a… Read More »
Modi Govt’s GST Cut Ignites Festive Shopping Boom as Indians Spend ₹6 Trillion: Reports Issue: To analyze the massive surge in consumer spending across India during the month-long festive period (September 22 to mid-October 2025), determining the extent of the economic boost and confirming the role of the Goods and Services Tax (GST) rate… Read More »
IMPORTANT INCOME TAX CASE LAW 04.11.2025 Section Case Law Title Brief Summary Citation Relevant Act Section 11 Shantanu Vidhyapeeth Society v. ITO, NFAC, Delhi An assessee-society that got section 12AA registration in 2021 could invoke the first proviso to section 12A(2) for AY 2018-19 and claim exemption under sections 11/12 (subject to AO verification),… Read More »
54B Exemption Remanded as Assessee Failed to Prove Land’s Agricultural Use. Issue Whether a taxpayer is entitled to claim the capital gains exemption under Section 54B for the sale of agricultural land if they fail to provide any cogent documentary evidence to prove that the land was actually used for agricultural purposes for the two… Read More »