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Archive: February, 2025

Posts in February, 2025

New Invoice Management System (IMS) Simplifies GST ITC Claims

February 16, 2025 2094 Views 0 comment Print

Introduction Mismatches between invoices filed by suppliers and returns submitted by recipients are significant issue taxpayer’s face when claiming input tax credits. A new system has been introduced on the GST portal to help taxpayers easily correct or amend invoices with their suppliers. This will make it easier for them to match their records with the […]

Types of Income Tax Notices/ Letters/ Orders issued to Individual Taxpayers

February 16, 2025 5907 Views 2 comments Print

Learn about different types of income tax notices, letters, and orders issued by the Income Tax Department to individual taxpayers, including response deadlines.

GST on Restaurant Services vs Ready-to-Eat Food: A Detailed Analysis

February 16, 2025 1797 Views 0 comment Print

A detailed analysis of GST applicability on restaurant services and ready-to-eat food, highlighting key rulings, classifications, and compliance essentials.

Impact of Finance Bill 2025 on ISD, Blocked Credit & Credit Note

February 16, 2025 5067 Views 2 comments Print

Explore the changes proposed by the Finance Bill 2025 on Input Service Distributor (ISD), Blocked Credit, and Credit Note under the GST Act.

Gold Prices Surge: Impact on India and Investment Choices

February 16, 2025 471 Views 0 comment Print

Gold prices hit record highs due to global and local factors. Explore the impact on Indian households, investment strategies, and the future of gold in uncertain times.

Statutory remedy of appeal should be availed before invoking writ jurisdiction

February 16, 2025 252 Views 0 comment Print

Jharkhand High Court directs Sursarita Vanijya to appeal under Section 107 of the CGST Act before filing a writ against GST demand. 

Bombay HC Quashes MGST Act Section 83 Bank Attachment Order

February 15, 2025 516 Views 0 comment Print

Bombay High Court sets aside Goisu Realty’s bank account attachment under MGST Act Section 83, citing lack of justification and arbitrary exercise of power.

Breach of natural justice principles: Madras HC Sets Aside GST Order  

February 15, 2025 270 Views 0 comment Print

Madras High Court quashes GST order against Manoj International due to lack of communication. The petitioner must pay 10% of disputed tax for case reconsideration.

Clandestine Removal Cannot Be Alleged Without Concrete Evidence: CESTAT Kolkata

February 15, 2025 171 Views 0 comment Print

Analysis of CESTAT Kolkata’s decision in Mahavir Ferro Alloys Pvt. Ltd. Vs CGST & Central Excise, focusing on alleged clandestine removal and estimated production norms.

CESTAT allows CENVAT Credit on materials used in capital goods

February 15, 2025 222 Views 0 comment Print

CESTAT Kolkata allows CENVAT Credit to Rexon Strips Ltd., ruling that inputs used in capital goods are eligible, setting aside prior denials by lower authorities.

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