COSIA Raises Concern over GSTN’s Mandatory GSTR-2B Validation for Import IGST Refund Claims
The Chamber of Small Industry Associations (COSIA) has raised serious concerns regarding the mandatory validation of Import IGST Input Tax Credit (ITC) against GSTR-2B under the newly introduced Annexure-B Offline Utility released by GSTN vide Advisory No. 660 dated 18 May 2026. The new utility has been introduced to streamline the processing of refund claims […]
Major Win for MSMEs: Supreme Court Dismisses GST Department’s SLP in the matter of GST on Transfer of Industrial Leasehold Rights
Upholding the legal stance pioneered by COSIA, the Supreme Court’s decision brings immense financial relief, lowers project costs, and enhances the Ease of Doing Business across India’s industrial zones. In a landmark development for the micro, small, and medium enterprise (MSME) sector, the Hon’ble Supreme Court of India has dismissed the Special Leave Petition (SLP) […]
Update on COSIA’s Legal Challenge Against GST on Assignment of Lease – 08.09.2025 Hearing
COSIA has filed a writ petition before the Hon’ble Bombay High Court challenging the levy of GST on assignment of lease of industrial plots in MIDC/SIDC areas. The petition questions both the constitutional validity of certain provisions of the CGST Act, 2017 and the jurisdiction to impose such levy. The matter, along with connected petitions […]
COSIA Engages with CGST Authorities on Key GST Concerns Impacting MSMEs
The Chamber of Small Industry Associations (COSIA) recently engaged in a discussion with Shri K. R. Uday Bhaskar, Principal Chief Commissioner of CGST & Central Excise, Mumbai Zone, to address critical GST-related concerns affecting MSMEs and industries. The meeting, held on 21st March 2025, was led by COSIA President Mr. Sandeep Parikh, along with representatives […]
COSIA Secures Interim Relief from Bombay High Court on GST Levy for Assignment of Lease
COSIA has been at the forefront of advocating against the unjust imposition of GST on the assignment of leasehold rights in MIDC plots. The GST department has been treating such assignments as a supply of service, subjecting MSMEs to an additional 18% financial burden, despite the fact that land transactions are already subject to stamp […]
Gujarat HC Ruling on GST on assignment of Leases in SIDCs and COSIA’s Appeal for MSMEs
The Chamber of Small Industry Associations (COSIA) has been actively advocating against the imposition of Goods and Services Tax (GST) on the assignment of leases in MIDC (Maharashtra Industrial Development Corporation) and other SIDCs (State Industrial Development Corporations). This issue has been a significant concern for MSMEs (Micro, Small, and Medium Enterprises) for the past […]
COSIA Submits Representation to DGGST on GST Challenges Faced by MSMEs
The Chamber of Small Industry Associations (COSIA) has formally submitted a detailed representation to the Directorate General of Goods & Services Tax (DGGST), responding to their request for inputs on the various challenges faced by Micro, Small, and Medium Enterprises (MSMEs) under the Goods and Services Tax (GST) framework. This representation outlines several pressing concerns […]
COSIA’s Fight Against GST Burden on Assignments of Lease in SIDC Plots
The Government of India has been continuously supporting MSMEs, which are the second highest employers in the country, providing 12 crore jobs and contributing 29% to the GDP and more than 50% towards exports. However, recently, notices are being issued left, right, and center to MSME members by the GST departments regarding the assignment of […]
COSIA Addresses Serious Concerns over GST Data Leaks
In a troubling development, the business community in Ludhiana, Punjab, has raised serious concerns regarding allegations that sensitive sales and purchase data of assesses is being sold by employees of the Goods and Services Tax (GST) department. This issue, which has also echoed in Maharashtra, poses a significant threat to the integrity and trust that […]
Representation to GST Council: Clarification on Refund Eligibility
At the Chamber of Small Industry Association (COSIA), we continuously advocate for the interests of Micro, Small, and Medium Enterprises (MSMEs) across India. Recently, we submitted a detailed representation (dated 19.09.2024) to the Chairperson of the Goods and Services Tax (GST) Council, seeking urgent clarification on the eligibility for GST refunds under Rule 89(4) of […]