In recent months, the Indian judiciary has delivered two pivotal rulings that reaffirm certainty, fairness, and principle-based interpretation in customs law. The Supreme Court’s landmark decision in L.G. Electronics India Pvt. Ltd. emphasized that technical classification disputes cannot override legitimate benefits under Free Trade Agreements (FTAs) — a significant relief [...]
India’s trade and customs landscape witnessed several important policy developments during August and September 2025, aimed at boosting trade facilitation, easing compliance, and supporting exporters. The Central Government extended the customs duty exemption on cotton imports till 31st December 2025, ensuring continued relief for the textile sector amid volatile [...]
The months of September and October 2025 have seen a wave of significant GST reforms, aimed at simplifying compliance, enhancing transparency, and aligning the indirect tax framework with the evolving needs of trade and industry. The Central Board of Indirect Taxes and Customs (CBIC) issued a series of circulars [...]
The past month has witnessed several significant judicial pronouncements shaping the contours of GST law and its interpretation. From the Madras High Court striking down the extension of limitation period as arbitrary, to the Sikkim High Court ruling that refund of unutilised ITC upon closure of business is impermissible, the [...]
The 56th GST Council Meeting on 3rd September 2025 has marked a significant milestone in India’s indirect tax landscape, introducing major GST rate rationalisations aimed at simplifying compliance and providing consumer relief. The Council has proposed a streamlined two-rate structure—5% for merit goods and 18% as the standard rate—with a [...]
The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Amendment and Validation) Bill, 2025 significantly expands the scope of the state’s Pre-GST amnesty scheme, offering a time-bound opportunity for public sector entities to resolve long-standing tax arrears. The amendment broadens eligibility beyond PSU companies to include government [...]
The West Bengal Sales Tax (Settlement of Dispute) (Amendment) Act, 2025 introduces a timely relief measure for taxpayers by enabling the settlement of pending disputes under WBVAT, CST, Sales Tax, and Entry Tax as of 31st March 2025. The Act offers substantial waivers on tax dues, penalties, and late fees, [...]