Exporters Seek Interest Relief and Quicker GST Refunds Issue: Indian exporters are grappling with severe cost disadvantages due to high US import tariffs and delayed financial liquidity, prompting them to approach the government for a comprehensive package of credit support, tax relief, and expedited Goods and Services Tax (GST) refund mechanisms. Facts: Indian exports… Read More »
Karnataka and Telangana Lead Large States in GST Revenue Growth Post-Rate Cut Issue: To analyze the Goods and Services Tax (GST) revenue performance of major states in October 2025, specifically determining which large states effectively countered the revenue drag from the recent GST rate rationalization (GST 2.0). Facts: The GST rate rationalization initiative, which… Read More »
GJEPC Calls for Customs Overhaul and Concessional Credit to Boost Exports Issue: To address global competition and the impact of trade barriers, the Gem and Jewellery Export Promotion Council (GJEPC) submitted key policy recommendations to the government, focusing on modernizing the Customs regime and providing financial support to enhance India’s competitiveness in the global… Read More »
NITI Aayog Proposes Presumptive Tax for MNCs to Reduce Transfer Pricing Disputes Issue: To provide a practical solution to the persistent and mounting tax litigation problem faced by Multinational Corporations (MNCs) in India, particularly disputes arising from the complex application of Transfer Pricing (TP) and Permanent Establishment (PE) rules. Facts: Transfer pricing and PE… Read More »
FM Sitharaman: Government Working on Next-Generation Customs Reforms Issue: To announce the government’s focus on implementing a new phase of structural reforms aimed at simplifying and modernizing the Customs framework, building upon the success of the GST implementation. Facts: The government recently concluded the significant Goods and Services Tax (GST) reforms, simplifying the indirect… Read More »
GST Revenues Still Trail Pre-GST Levels: PRS Report Issue: To analyze the Goods and Services Tax (GST) revenue collections over the seven years since its implementation, comparing the current revenue realization as a percentage of GDP to the collection levels of the various indirect taxes it replaced. Facts: The GST replaced several central and… Read More »
DGFT Appeals for Minimum ₹300 Contribution to Armed Forces Flag Day Fund Issue: To observe the annual Armed Forces Flag Day (AFFD) and appeal for voluntary financial contributions from Central Government officials and staff for the benefit of the Armed Forces Flag Day Fund (AFFDF), which supports battle casualties and ex-servicemen welfare. Facts: The… Read More »
DGFT Notifies Annual Export Quota for Artificially Propagated Red Sanders Issue: To regulate and permit the export of Red Sanders wood (a highly valued and CITES-regulated species) in log and root form derived exclusively from cultivation on private land, while ensuring compliance with sustainability norms and international treaties. Facts: Red Sanders (Pterocarpus Santalinus) is… Read More »
CBIC: Separate GST Registration Mandatory for Out-of-State Warehouses Issue: To clarify the requirement for obtaining separate Goods and Services Tax (GST) registration in a different state when an importer’s principal place of business is in one state (e.g., Delhi) but they utilize third-party warehouses or cold storage facilities in another state (e.g., Haryana) to… Read More »
CBIC: Separate GST Registration Mandatory for Out-of-State Warehouses Issue: To clarify the requirement for obtaining separate Goods and Services Tax (GST) registration in a different state when an importer’s principal place of business is in one state (e.g., Delhi) but they utilize third-party warehouses or cold storage facilities in another state (e.g., Haryana) to… Read More »