High Court Quashes GST Demand and Show Cause Notice U/s 73, Citing That Retrospective Extension Does Not Apply to Expired Limitation Period

20 Feb, 2025

High Court Quashes GST Demand and Show Cau...

Nowadays, the GST department issues various notices and orders to GST registration holders for past years, often leadin...

Unutilized ITC for FY 2017-18 to 2020-21 Can Be Claimed under GST Until Nov 30, 2021: Madras High Court Quashes ITC Reversal

19 Feb, 2025

Unutilized ITC for FY 2017-18 to 2020-21 C...

Introduction The new section 16(5) of the CGST Act allows taxpayers to claim Input Tax Credit (ITC) for a certain pe...

GST Refund Claims: Court Directs fresh Adjudication and Permits Filing Under ‘Others'” Category for Export of Services.

18 Feb, 2025

GST Refund Claims: Court Directs fresh Adj...

Introduction Getting GST refunds has been challenging for industries when dealing with the GST department, especiall...

Income Tax Department Detects Undisclosed Foreign Assets: What Indian Taxpayers Need to Know

18 Feb, 2025

Income Tax Department Detects Undisclosed ...

The Income Tax Department has recently uncovered significant foreign assets owned by Indian taxpayers. As taxpayers, we...

ITAT Pune Allows Section 80C Deduction but Assesses Profit as a Percentage of Turnover in Plotting Business

17 Feb, 2025

ITAT Pune Allows Section 80C Deduction but...

This appeal pertains to an order passed by the Ld. CIT(A)/NFAC, Delhi, on 27th May 2024, related to assessment year 201...

Export of Services: Condition for Indian Subsidiaries Providing Services to Foreign Parent Companies

14 Feb, 2025

Export of Services: Condition for Indian S...

Introduction On September 20, 2021, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 1...

Delhi High Court Quashes GST Registration Cancellation Due to Procedural Lapses

14 Feb, 2025

Delhi High Court Quashes GST Registration ...

The Delhi High Court recently quashed the cancellation of GST registration for Rashid, Proprietor of MS Enterprises, hi...

The Income Tax Bill 2025: A Comprehensive Overview

14 Feb, 2025

The Income Tax Bill 2025: A Comprehensive ...

The much-anticipated Income Tax Bill 2025 has been introduced, ushering in a new era of tax reforms. Scheduled to take ...

Advisory for GST Registration Process: Updates as per Rule 8 of CGST Rules, 2017

13 Feb, 2025

Advisory for GST Registration Process: Upd...

Introduction The GST registration process has been updated to enhance security and streamline authentication for...

India’s New Income Tax Bill 2025: Key Changes You Need to Know

13 Feb, 2025

India’s New Income Tax Bill 2025: Key Chan...

The Indian government has finally unveiled the much-awaited Income Tax Bill 2025. Spanning 622 pages, this comprehensiv...

Do You Know Why the New Income Tax Bill 2025 is Introduced? Here’s the Reason

12 Feb, 2025

Do You Know Why the New Income Tax Bill 20...

The much-anticipated Income Tax Bill 2025 has finally been introduced, aiming to repeal the Income-tax Act, 1961, and r...

Understanding TDS Compliance: Filing, Implications, and Actions to be Taken

8 Feb, 2025

Understanding TDS Compliance: Filing, Impl...

Tax Deducted at Source (TDS) compliance is an essential responsibility for deductors under the Income Tax Act, 1961. If...

Clarification on E-Way Bill Requirement for Goods under Chapter 71

7 Feb, 2025

Clarification on E-Way Bill Requirement fo...

The Goods and Services Tax (GST) framework in India mandates the generation of an E-Way Bill (EWB) for the movement of ...

Donation of Political Parties May Now Subject to Scrutiny: Genuine or Bogus?

29 Jan, 2025

Donation of Political Parties May Now Subj...

Donations made to political parties qualify for deductions under the Income Tax Act, 1961, under Section 80GGC. This pr...

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Tamil Nadu and Himachal Pradesh

28 Jan, 2025

Advisory for Biometric-Based Aadhaar Authe...

We wish to inform you of recent developments regarding the GST registration process that may impact your application. T...

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