Latest Articles
Key Income Tax Changes Effective from 01.04.2025
Income Tax : Income tax updates effective 1st April 2025 include higher TDS thresholds, extended startup benefits, increased rebates, and simpl...
Retrospective GST Registration Cancellation Can’t Invalidate Genuine ITC Claims: Calcutta HC
Goods and Services Tax : Calcutta HC quashes GST demand, ruling that ITC cannot be denied due to retrospective supplier deregistration if the purchaser mee...
Provisional attachment under GST – Justified or a tool to harass taxpayers?
Goods and Services Tax : Provisional attachment under GST aims to protect revenue but often raises concerns about misuse. Explore its legal framework, impa...
GST Case Law Compendium- March 25 Edition
Goods and Services Tax : The March 2025 edition of the GST Case Law Compendium offers comprehensive insights into pivotal GST-related judgments by the High...
ISD – A Better Way to Distribute ITC among Branches
Goods and Services Tax : Madras HC upholds deemed pendency of settlement applications before March 31, 2021, under Clause [iv] of S.245A, affirming Single ...
Latest News
IFSCA Forms Committee to Boost GIFT-IFSC Insurance Hub
Finance : IFSCA forms Standing Committee on Insurance to enhance GIFT-IFSC’s insurance ecosystem. Focuses on regulation, stakeholder engag...
SEBI Proposes Stock Broker SBUs in GIFT-IFSC for Market Access
SEBI : SEBI proposes allowing stock brokers to operate in GIFT-IFSC via Separate Business Units (SBUs), eliminating approval requirements...
Restrictions pertaining to filing of Correction TDS/TCS Statements
Income Tax : Learn about new rules restricting TDS/TCS correction statements under Income-tax Act Section 200(3) from April 2025. Key dates and...
ICAI Extends 75% Fee Concession for CA Students Till 2028
CA, CS, CMA : ICAI extends 75% concession on CA registration fees for students from Jammu & Kashmir, Ladakh, Andaman & Nicobar, and 8 North-East...
SEBI Proposes Easier GIFT-IFSC Broker Operations
SEBI : SEBI seeks public input on draft rules allowing stock brokers to operate in GIFT-IFSC via Separate Business Units, removing need f...
Latest Judiciary
GST Appeal Valid if Filed Within 90 Days of Order Communication: Karnataka HC
Goods and Services Tax : Karnataka High Court orders GST appellate authority to hear Takappa's appeal on merits, citing procedural lapses in rejection....
Calcutta HC Orders Fresh GST Notice for Lack of specific reasoning
Goods and Services Tax : Calcutta High Court directs fresh GST show-cause notice, citing lack of specific reasoning in original notice concerning GSTR mism...
Madras HC allows GST Assessment Appeal for Nirman Enconprojects
Goods and Services Tax : Madras High Court directs appellate authority to hear Nirman Encon's GST appeal, citing lack of opportunity in original assessment...
No Adverse Inference Against Purchaser for Supplier’s Retrospective GSTIN Cancellation: Allahabad HC
Income Tax : Allahabad HC quashes GST demand against Solvi Enterprises, ruling that the selling dealer was registered at the time of transactio...
Income Tax Treatment of Excise Duty Exemptions: Greenply Industries Case
Income Tax : PCIT Vs Greenply Industries Ltd (Gauhati High Court) The Gauhati High Court’s recent judgment in “The Principal Commis...
Latest Notifications
DGFT Seeks Comments on Mandatory GST E-Invoices for FTP
DGFT : DGFT proposes mandatory GST e-invoices for deemed export benefits. Stakeholders can submit comments by April 2025 for consideratio...
RBI Issues Capital Adequacy Master Direction for Regional Rural Banks
Fema / RBI : RBI releases Master Direction on Capital Adequacy for RRBs, outlining prudential norms, risk weights, and reporting requirements e...
CBIC Clarification on scope of Camera Module of Cellular Mobile Phones
Custom Duty : CBIC defines camera module components for concessional duty under Customs Notification 57/2017, ensuring uniform classification fo...
Weekly newsletter from Chairman, CBIC dated 24/03/2025
Goods and Services Tax : CBIC discusses revenue trends, HR promotions, sports events, and duty evasion cases in a recent review meeting. Key updates on inv...
SEBI Extends Suspension of Commodity Derivatives Trading
SEBI : SEBI extends suspension of trading in select commodity derivatives, including wheat, paddy, and crude palm oil, until March 31, 20...
Latest Downloads
FAQs
From April 1, 2025, ISD registration under GST becomes mandatory for businesses with multiple GST registrations under a single PAN, ensuring fair ITC distribution.
Learn about new ISD rules under GST from April 2025. Understand ITC distribution, documentation, and compliance for same-state and different-state branches.
Understand MCA V3 user types, registration, and login. Learn how to update profiles and resolve common issues.
NSE issues FAQs on Industry Standards for audit committee and shareholder review of related party transactions, effective April 1, 2025.
CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, competent authority, and application terms.
