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Archive: 08 March 2025

Posts in 08 March 2025

Can GIFT City Be Testing Ground for India’s Sovereign Digital Currency (CBDC)?

March 8, 2025 957 Views 0 comment Print

Is the Digital Rupee ready for real-world testing? At a time when countries like China and the European Union are pioneering their own CBDCs, such as the Digital Yuan and the Digital Euro respectively, India is not far behind in its ambitions of having its version of CBDC-the Digital Rupee, better known as e-RUPI.

Understanding Permanent Account Number (PAN) Structure

March 8, 2025 20862 Views 0 comment Print

Discover essentials of PAN (Permanent Account Number) issuance, structure, and changes. Learn about Form-49A and Form-49AA requirements for Indian and non-resident entities.

Excess VAT Retention Violates Articles 14 & 265: Jharkhand HC Directs Refund

March 8, 2025 702 Views 0 comment Print

Jharkhand High Court directs tax authorities to refund excess tax retained after assessment reduction, ruling it violates Articles 14 and 265 of the Constitution.

Lack of proof of notice service cannot justify disqualification under SVLDR

March 8, 2025 534 Views 0 comment Print

Delhi High Court holds that lack of proof of notice service cannot justify disqualification under Sabka Vishwas Scheme, directing tax liability acceptance.

Input Services Require Direct Nexus with Manufacturing Activity for CENVAT Credit Eligibility

March 8, 2025 924 Views 0 comment Print

CESTAT Delhi rules against Leel Electricals Ltd., denying CENVAT Credit on ineligible invoices. The tribunal upholds tax demand and penalty.

GST appellate authority cannot reject appeal without considering condonation request

March 8, 2025 933 Views 0 comment Print

Calcutta High Court sets aside GST appeal dismissal due to delay, citing procedural lapses and judicial precedents. Read key case details and ruling summary.

Orissa HC Quashes GST adjudication Order for Ignoring Assessee’s Reply

March 8, 2025 588 Views 0 comment Print

Orissa High Court sets aside a GST adjudication order, citing non-consideration of the assessee’s reply. The case is remanded for a fresh hearing.

Entire Bank Transactions Cannot Be Treated as Turnover for Section 271B Penalty

March 8, 2025 4659 Views 0 comment Print

ITAT Surat remands penalty case under Section 271B to AO, ruling that bank transactions alone cannot determine turnover. Fresh consideration ordered.

Taxation for Freelancers and Gig Workers in India

March 8, 2025 4686 Views 0 comment Print

Learn how freelancers and gig workers in India comply with income tax, GST, TDS, and international tax laws. Navigate compliance and claim deductions.

Income Tax Law for Small Businesses: Key Strategies & Considerations

March 8, 2025 1443 Views 0 comment Print

Learn how tax laws impact small businesses, from selecting the right entity and managing deductions to complying with payroll taxes and self-employment taxes.

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