Home Minister: Record Festive Sales Confirm GST Benefits Reaching People Issue: To assert that the recent significant growth in festive season sales volumes provides tangible evidence that the benefits of the Goods and Services Tax (GST) rate rationalization have successfully been passed on to, and realized by, the common consumer. Facts: Home Minister Amit… Read More »
FM to Seek Parliament Nod for Extra Spending to Cover Tax Reliefs Issue: To obtain Parliamentary approval (via Supplementary Demands for Grants) for additional government funds required to offset the revenue shortfall caused by the significant tax rate cuts implemented through the recent personal income tax and Goods and Services Tax (GST) reforms. Facts:… Read More »
CBIC Implements Technology-Driven GST Registration System from November 1 Issue: To combat fraudulent registrations using bogus firms and enhance the ease of doing business for legitimate taxpayers, the CBIC introduced a new technology-driven, risk-based GST registration system with streamlined timelines. Facts: The Central Board of Indirect Taxes and Customs (CBIC) notified the Central Goods… Read More »
CBIC Extends Online Application for MOOWR Scheme Issue: To ensure continuity and prevent disruption for applicants, the Central Board of Indirect Taxes and Customs (CBIC) decided to extend the operational period of the existing temporary online application facility for the MOOWR scheme, while a permanent CBIC-hosted module is finalized. Facts: The Manufacture and Other Operations… Read More »
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 »
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 »
Issuing Reusable Demo Samples to Staff is Not a Supply; Full ITC is Admissible. Issue Whether the temporary issuance of demo samples to employees for business promotion constitutes a “supply” under GST law, and consequently, whether Input Tax Credit (ITC) availed on such goods must be reversed by treating them as goods “disposed of by… Read More »