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 »
DGFT Expands Eligibility for ‘Source from India’ E-Platform Issue: To enable a wider base of accomplished Indian exporters to showcase their products and credentials to international buyers, the Directorate General of Foreign Trade (DGFT) revised the eligibility criteria for the “Source from India” service on its Trade Connect ePlatform. Facts: The “Source from India” platform… 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 »
Gemini Can Now Create Full Google Slides Presentations from a Simple Prompt Gemini, Google’s AI chatbot, has gained a powerful new feature that allows users to instantly generate entire, structured Google Slides presentations from a simple text prompt or an uploaded document. This functionality, available through the Gemini Canvas feature, streamlines the content creation… Read More »
TAX on SHARE MARKET INCOME ! New INCOME TAX RULES 2025 FOR AY 2026-27 ! INTRA DAY TRADING
ITR FILING DATE FOR COMPANIES AY 2025-26 INCOME TAX LATEST UPDATE
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 »
Demand Exceeding SCN Amount and Improper Portal Service Violates Law, HC Remands Case. Issue Can a GST demand order be sustained if it demands an amount of tax, interest, and penalty higher than what was proposed in the Show Cause Notice (SCN), especially when the SCN itself was not properly communicated to the taxpayer, having… Read More »
An Unsigned GST Assessment Order is Legally Invalid and Must Be Set Aside. Issue Is a GST adjudication order legally valid if the summary of the order in FORM GST DRC-07 is not signed by the assessing authority, and can such a defect be treated as a curable irregularity? Facts The petitioner, a registered dealer,… Read More »
Amount Paid Under Protest During Investigation Can Be Adjusted as Pre-Deposit. Issue Whether an amount deposited “under protest” by a taxpayer during a GST investigation, before the passing of a final order, can be adjusted towards the mandatory 10% pre-deposit required for filing a statutory appeal under Section 107 of the CGST Act. Facts The… Read More »