DGFT Notifies New SION to Streamline Mobile Phone Exports The Directorate General of Foreign Trade (DGFT) has notified a new Standard Input Output Norms (SION) specifically for the export of mobile phones. This amendment is aimed at making the Advance Authorisation (AA) process more efficient for mobile phone manufacturers and exporters. Key Impact of the… Read More »
Ministry of Textiles Notifies Major Amendments in PLI Scheme for Textiles to Boost MMF and Technical Textiles Sectors The amendments underscore the Government’s focus on fostering employment and driving India’s leadership in the global textile market PLI Scheme Application Portal Opened till 31st December, 2025 Posted On: 09 OCT 2025 4:10PM by PIB Delhi Ministry… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 10th October, 2025 F. No. 5(3)-B(PD)/2023.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect… Read More »
Rule 86A cannot be used to block a taxpayer’s Input Tax Credit (ITC) ledger to create a “negative” balance; the power is strictly limited to the credit that is actually available in the ledger at the time of the blocking order. Issue Does Rule 86A of the CGST Rules, 2017, empower a tax officer to… Read More »
Judicial Backlog Crisis: ₹6.85 Lakh Crore Pending in Tax Tribunals Chief Justice B.R. Gavai revealed a massive crisis in tax litigation, stating that cases involving disputed tax demands totaling an estimated ₹6.85 lakh crore are currently pending resolution across various tax tribunals in India. Key Points of the CJI’s Statement Scale of the Pending Demand:… Read More »
Relief for Taxpayers: ITAT Quashes ₹1 Crore Tax Demand Based on TDS Mismatch The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, ruled that a huge tax demand cannot be raised against a taxpayer merely because of a mismatch in the Tax Deducted at Source (TDS) reflected in Form 26AS if the taxpayer presents satisfactory evidence… Read More »
Infosys Contests ₹415 Crore DGGI Notice: No Tax Demand Raised Yet Infosys Ltd. clarified that the recent communication from the Directorate General of GST Intelligence (DGGI) concerning ₹415 crore is a Show Cause Notice (SCN), which is a proposal to raise a tax demand, not a final tax demand order itself. The company has taken… Read More »
Commerce Ministry Clarifies SOFTEX Filing for SEZ and DTA Transactions The Ministry of Commerce and Industry issued a clarification regarding the mandatory filing of SOFTEX Forms (Software Export Declaration) for transactions involving Special Economic Zone (SEZ) units and Domestic Tariff Area (DTA) units. Key Points of the Clarification SEZ to SEZ Transactions (Not Required): The… Read More »
CBI Arrests Two CGST Officers for Accepting ₹25,000 Bribe in Mumbai The Central Bureau of Investigation (CBI) in Mumbai arrested two officers from the Central Goods and Services Tax (CGST) department for allegedly accepting a bribe to clear a GST registration. Key Details of the Incident Officers Arrested: Two CGST officials were apprehended… Read More »
Data Breach Alert: Security Flaw Exposed Taxpayer Bank and Aadhaar Details The article reports a serious security flaw found in the Income Tax Department’s official e-filing website that allegedly exposed the sensitive personal and financial data of Indian taxpayers. Key Details of the Security Flaw Vulnerability: A vulnerability was discovered in the… Read More »