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 »
DGFT Constitutes Import Facilitation Council for Supply Chain Resilience Issue: To provide institutional support and guidance to importers, address vulnerabilities in key supply chains, and suggest policy measures necessary to enhance India’s resilience against global supply disruptions and trade restrictions. Facts: The decision to constitute the council was made in pursuance of directions from… Read More »
Garment and Textile Sector Seeks Tax Breaks and Export Support for FY27 Budget Issue: To address the severe impact of US import tariffs and global recessionary pressures, the Indian garments and textiles industry submitted pre-Budget recommendations for FY 2026-27, seeking a package of tax concessions, liquidity support, and rationalization of key export schemes. Facts:… Read More »
Income Tax Department Withdraws ₹8,500 Crore Transfer Pricing Case Against Vodafone Issue: The Income Tax Department filed a plea before the Supreme Court to withdraw a long-pending tax dispute against Vodafone, stemming from a 2008 Transfer Pricing (TP) adjustment on the sale of a call center business. Facts: The tax dispute originated in FY08… Read More »
Auto Sales Surge in October, Driven by GST Cuts and Festive Season Issue: To report on the retail and wholesale performance of India’s automotive sector in October 2025 and identify the key drivers of the strong industry momentum following the GST rate rationalization (GST 2.0). Facts: The GST rate cut on various auto segments… Read More »
Mumbai Man and Associates Face Charges in ₹75.48 Crore GST Fraud Issue: The Thane cyber police registered a case against a Mumbai resident and his associates for allegedly committing a massive Goods and Services Tax (GST) fraud by misusing the confidential online credentials of a laptop sales professional and his friend. Facts: The accused,… Read More »
India and New Zealand Begin Fourth Round of FTA Negotiations Issue: To advance negotiations for a comprehensive, balanced, and mutually beneficial Free Trade Agreement (FTA) between India and New Zealand, fulfilling the commitment to deepen economic ties. Facts: The negotiations for the India-New Zealand FTA were launched earlier following guidance from the Prime Ministers… Read More »
Kannur Airport Added as New Food Import Entry Point Issue: To update the official list of authorized entry points for food imports into India and to designate the competent authorized officers (from FSSAI and Customs) at the newly added location for inspection and clearance. Facts: The Central Board of Indirect Taxes and Customs (CBIC)… Read More »
Goa’s GST Collections Dip 3% in October Despite Strong Year-to-Date Growth Issue: To analyze the revenue performance of Goa’s Goods and Services Tax (GST) collections in October 2025, noting the marginal monthly decline despite strong cumulative growth for the financial year and the onset of the festive/tourism season. Facts: Goa’s GST revenue saw a… Read More »
Modi Govt’s GST Cut Ignites Festive Shopping Boom as Indians Spend ₹6 Trillion: Reports Issue: To analyze the massive surge in consumer spending across India during the month-long festive period (September 22 to mid-October 2025), determining the extent of the economic boost and confirming the role of the Goods and Services Tax (GST) rate… Read More »