HC: Blocking ITC Without Independent “Reasons to Believe” is Unsustainable. Issue Can a jurisdictional officer legally block a taxpayer’s Input Tax Credit (ITC) under Rule 86A of the CGST Rules, based solely on a generic alert from the Directorate General of GST Intelligence (DGGI) that a supplier is “fake,” without conducting an independent inquiry or… Read More »
Reassessment Quashed as AO Failed to Follow Mandatory Section 148A Procedure Post-Amendment. Issue Whether reassessment notices issued under Section 148 are legally valid if the Assessing Officer fails to comply with the mandatory pre-notice procedures under Section 148A (such as providing information and affording an opportunity to object), as required by law. Facts The Assessing… 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 »
GST Revenue Soars in October 2025 Posted On: 03 NOV 2025 3:30PM by PIB Delhi Key Takeaways Gross GST collections in October 2025 amount to ₹1,95,936 crores A year-on-year monthly growth of 4.6% for the period October 2024 to October 2025 Gross Domestic GST revenue grew by 2.0%, rising from ₹1,42,251 crore in October 2024 to ₹1,45,052 crore in October 2025. Gross Goods and Services… 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 »
Earning Rental Income to Fund Charity Does Not Bar Tax Registration. Issue Can a charitable trust be denied registration under Section 12A of the Income-tax Act on the grounds that it earns substantial rental income from letting out shop spaces, and does this rental activity constitute a “business” that violates the conditions for a charitable… Read More »
Attachment Must Be Lifted After Tribunal Deletes Additions and Arrears Are Cleared. Issue Can a tax attachment order remain in force even after the underlying tax demand, on which the attachment was based, has been deleted by the Commissioner (Appeals) and that deletion has been confirmed by the Income Tax Appellate Tribunal (ITAT)? Facts Following… Read More »
DGFT Seeks Feedback on Amended Aayat Niryat Form for SCOMET Exports Issue: To streamline the application process and enhance security for obtaining authorization for the export of SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) items, the Directorate General of Foreign Trade (DGFT) is updating the application form (Unified Aayat Niryat Form or ANF).… Read More »
Mumbai Businessman Duped of ₹31 Lakh by Fake Tax Consultants Issue: A Mumbai businessman filed a police complaint after he was cheated by two tax consultants who allegedly pocketed the funds meant for his Goods and Services Tax (GST) and Income Tax payments, leading to severe penalties for the complainant. Facts: The complainant, a… 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 »