CGST Delhi Busts ₹31.95 Crore Fake ITC Fraud, Director Arrested Issue: To curb significant revenue leakage and crack down on fraudulent activities, the CGST Anti-Evasion Branch of the Delhi South Commissionerate investigated a firm suspected of illegally availing and passing on Input Tax Credit (ITC) without any corresponding supply of goods or services. Facts: The… Read More »
CBIC Issued Guidelines Regarding Revision of Entries Post Clearance Under Section 18A of the Customs Act, 1962 Issue: To implement the newly inserted Section 18A of the Customs Act, 1962, which allows importers and exporters to voluntarily revise their customs declarations (Bills of Entry or Shipping Bills) after the goods have been cleared, the CBIC… Read More »
Supreme Court Stays GST Demand on Real Estate Joint Development Pacts Title: SC Stays GST Demand on Real Estate Joint Development Pacts (Arham Infra Developers vs. CGST and Central Excise) Issue: Whether the transfer of land development rights under a Joint Development Agreement (JDA) between a developer and a landowner should be classified as a… Read More »
GST Overhaul Planned for Faster Refunds and Easier Compliance The government is preparing a comprehensive overhaul of Goods and Services Tax (GST) processes, led by the Central Board of Indirect Taxes and Customs (CBIC). The reforms aim to improve transparency, ease compliance, and ensure quicker fund releases for businesses, particularly MSMEs. Key Procedural Reforms Underway… Read More »
GST Exemption Spurs Demand for High-Value Health Plans The Central government’s decision to exempt individual health and life insurance premiums from the 18% Goods and Services Tax (GST) has directly resulted in a significant shift in consumer behavior, driving a sharp demand for high-value health plans. Shift to Higher Coverage The exemption made comprehensive health… Read More »
GST Cut Sparks Triple-Digit Rise in Online Vehicle Searches Issue: To analyze the immediate consumer sentiment and purchasing intent across India’s automotive market following the Goods and Services Tax (GST) rate reduction on vehicles. Facts: The GST rate on automobiles (two- and four-wheelers) was recently reduced. The demand survey was conducted by the local business… Read More »
DGFT Expands Eligibility for ‘Source from India’ E-Platform Issue: To enable a wider base of accomplished Indian exporters to showcase their products and credentials to international buyers, the Directorate General of Foreign Trade (DGFT) revised the eligibility criteria for the “Source from India” service on its Trade Connect ePlatform. Facts: The “Source from India” platform… Read More »
Commerce and Industry Minister Meets with European Commissioner for Trade and Economic Security, Discusses India-EU FTA Issue: To hold productive and meaningful engagements on outstanding issues related to the ongoing India-EU Free Trade Agreement (FTA) negotiations, reaffirming commitment to concluding a balanced trade agreement. Facts: Union Minister of Commerce and Industry Shri Piyush Goyal visited… Read More »
Gemini Can Now Create Full Google Slides Presentations from a Simple Prompt Gemini, Google’s AI chatbot, has gained a powerful new feature that allows users to instantly generate entire, structured Google Slides presentations from a simple text prompt or an uploaded document. This functionality, available through the Gemini Canvas feature, streamlines the content creation… Read More »
TAX on SHARE MARKET INCOME ! New INCOME TAX RULES 2025 FOR AY 2026-27 ! INTRA DAY TRADING