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 »
Notification u/s 10(46A) of the Income Tax Act, 1961 in the case of Karnataka Housing Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th November, 2025 S.O. 5006(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act,… Read More »
Telangana HC Seeks Reply on GST Levy Over Mining Royalty Issue: To determine the constitutional and legal validity of levying Goods and Services Tax (GST) on deductions made towards mining royalty, seigniorage, District Mineral Foundation (DMF), and State Mineral Exploration Trust (SMET) payments, particularly in light of a recent Supreme Court ruling. Facts: A… Read More »
India’s Exports to US Dip 37.5% After Tariff Imposition: GTRI Issue: To analyze the sharp decline in India’s exports to the United States (US) following the imposition of significant tariffs by the US on a wide range of Indian products. Facts: The US imposed a total of 50% tariff on a wide range of… Read More »
Delhi High Court Quashes Assessment Order Based on AI-Generated Precedents Title: Bombay HC Quashes Income Tax Assessment Over Use of AI-generated Case Laws (Puneet Batra vs. Union of India & Ors.) Issue: Whether an income tax assessment order is legally sustainable if the Assessing Officer (AO), performing a quasi-judicial function, relies on non-existent, fictitious,… Read More »