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, [...]
Understanding the Latest GST Circulars and Notifications: Key Updates for April 2025 In April 2025, the Central Board of Indirect Taxes and Customs (CBIC) released a series of crucial GST circulars, notifications, and clarifications that hold significant implications for taxpayers, businesses, and public sector undertakings (PSUs) across India. These updates [...]
April 2025 Customs & FTP Updates: Key Regulatory Shifts for Indian Trade and Logistics In a significant move towards trade facilitation and digital transformation, the Central Board of Indirect Taxes and Customs (CBIC) and the Directorate General of Foreign Trade (DGFT) have rolled out critical updates in Customs procedures and [...]
Navigating GST Litigation in 2025: Key High Court Rulings Every Business Should Know As India’s GST regime continues to evolve, staying informed about key judicial decisions is crucial for businesses to safeguard compliance and avoid costly disputes. The April 2025 edition of CNK & Associates LLP’s “GST Judicial Decisions” offers [...]
Latest GST Updates: Key Circulars, Notifications, and Clarifications for January 2025 The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a series of crucial Goods and Services Tax (GST) circulars and notifications in January 2025, offering much-needed clarity on compliance issues, tax treatment, and procedural guidelines. These [...]