UPI Transactions Hit Record ₹27.28 Trillion in October Issue: To analyze the dramatic surge in the volume and value of transactions processed through the Unified Payments Interface (UPI) during October 2025 and identify the major economic and policy factors contributing to this record growth. Facts: The GST 2.0 rate rationalization, which slashed tax rates… Read More »
Government Introduces 5% GST on Horse Sales at Pushkar Fair Issue: The state Goods and Services Tax (GST) department introduced a tax levy on the sale of horses at the renowned Pushkar Fair, marking a new step in formalizing and taxing the high-value animal trading sector. Facts: The state GST department introduced a 5%… Read More »
Zydus Lifesciences Faces ₹74 Crore Demand Over IGST Refund Calculation Issue: The Common Adjudication Authority raised a large tax demand against Zydus Lifesciences Ltd. for the alleged excess claim of Integrated Goods and Services Tax (IGST) refund on the export of goods, based on a dispute over the correct valuation method. Facts: Zydus Lifesciences… Read More »
CBI Lodges Assets Case Against CGST Assistant Commissioner Issue: The Central Bureau of Investigation (CBI) registered a criminal case against a high-ranking Central Goods and Services Tax (CGST) official on charges of possessing disproportionate assets (DA) that could not be justified by their known sources of income. Facts: The accused is an Assistant Commissioner… Read More »
Insurers: GST Waiver Alone Not Enough to Deepen Penetration Issue: To assess the long-term impact of the Goods and Services Tax (GST) exemption on individual life and health insurance premiums, with insurance industry leaders concluding that while the waiver aids affordability, it is insufficient on its own to achieve the national goal of deep… Read More »
Provisional sanction of refund claims on the basis of identification and evaluation of risk by the system Instruction No. 06/2025-GST File No.:CBIC-20006/4/2025-GST Government of India Ministry of Finance Department of Revenue Central Board Indirect Taxes & Customs GST Policy Wing New Delhi, dated 3rdOctober, 2025 To, All… Read More »
IMPORTANT GST CASE LAW 02.11.2025 Section/Rule/Notification Case Law/Notification Title Brief Summary Citation Relevant Act/Rules Notification No. 18/2025 – CT CBIC amends CGST Rules GST Registration would be granted within 3 working days from the date of application submission. (Amends CGST (Fourth Amendment) Rules, 2025). Dated 31-10-2025 Central Tax (CT) Section 2 Theni Nattathi Kshatriya Kula… Read More »
IMPORTANT GST CASE LAW 31.10.2025 Section / Topic Case Law Title / Advisory Brief Summary Citation Relevant Act Editorial Note GSTN Advisory on ‘Import of Goods’ Section in IMS GSTN introduced a new ‘Import of Goods’ section in the Invoice Management System (IMS) from October 2025 for tracking Bills of Entry (BoE), including those from… Read More »
HC Directs GST Authorities to Rectify Duplicative Notices and Orders Per New SOP. Issue What is the legal remedy for taxpayers who have received multiple, overlapping, and anomalous Show Cause Notices (SCNs) and orders for the same tax period, leading to duplicated demands and coercive recoveries? Facts For the tax periods 2018-19 and 2019-20, numerous… Read More »
Six Months Custody is Sufficient; HC Grants Bail in GST ITC Fraud Case. Issue Whether an accused in an alleged bogus Input Tax Credit (ITC) fraud case is entitled to regular bail after six months of custody, especially when the investigation is ongoing (pre-charge evidence) and all witnesses are government officials. Facts The petitioner was… Read More »