Patna High Court rules GST recovery without waiting period illegal, orders refund with interest. Remands ITC claim case due to new Section 16(5) CGST Act
Understand India’s Corporate Social Responsibility (CSR) mandate, including applicability thresholds, excluded activities, net profit calculation, and obligation determination under Section 135.
Explore the advantages of Private Limited Companies for startups in India, including limited liability, funding access, and tax benefits, along with key registration considerations.
CESTAT Chennai held that delay of 20 days in passing review order without extension order of the Board is not condonable. Accordingly, order passed by Commissioner of Customs (A) upheld.
ITAT Jodhpur held that reassessment notice under section 148 of the Income Tax Act issued by Jurisdictional Assessing Officer is bad and invalid since the same needs to be issued by National Faceless Appeal Centre. Thus, assessment order passed thereon is quashed.
The Indian government’s recent move to levy a 28% Goods and Services Tax (GST) on the full value of turnover in online gaming has stirred significant debate. The Group of Ministers (GoM) has recommended that this tax be imposed on the entire consideration received by the online gaming platforms, including both the platform fee and the prize pool contributed by players.
As stated earlier, appellant had raised objection on 15.01.2022 against re-opening but the same was not disposed of by AO by passing a speaking order as per guidelines issued by SC in case of KGN Driveshafts.
ICAI releases draft panel for statutory auditors of Co-op banks for 2025–26. Complaints accepted until June 7, 2025. Final list to go to NABARD.
ITAT Pune rules excess stock found at Kolhapur Timber during survey is business income, not unexplained, directing normal tax rates. Cites multiple precedents.
India’s Income Tax Bill 2025 classifies Virtual Digital Assets (VDAs) and cryptocurrencies for taxation at 30%. It simplifies tax laws and aims for financial transparency.
