Calcutta High Court rules DGGI cannot initiate a parallel GST investigation for periods already audited by State GST authorities. This prevents multiple inquiries by different agencies for the same tax period.
Startups often grow rapidly, but documentation and compliance don’t always keep up. As a result, during due diligence—whether for funding, acquisition, or compliance checks—several issues routinely surface. These problems are usually avoidable but continue to persist due to lack of formal systems in place.
Understand the GST DIN exemption for common portal communications with verifiable Reference Numbers (RFN). Learn about valid GST communication methods and the retrospective application of beneficial circulars
Allahabad High Court rules in Raj Steel case that excess stock alone does not warrant Section 130 GST confiscation without intent to evade tax. Upholds Dinesh Kumar precedent, emphasizing tax recovery via Sections 73/74 for discrepancies.
The issue involved in the present petition is that the Electronic credit ledger of the petitioner was blocked by the impugned order dated 26.03.2025, by invoking Rule 86A of the Central Goods and Services Tax Rules, 2017.
ITAT Bangalore held that the interest income received by way of mandatory / statutory deposits would also eligible for deduction u/s. 80P(2)(a)(i) of the Income Tax Act by treating the said income as business income. Accordingly, appeal of the assessee allowed.
IRDAI imposes a Rs. 1 crore penalty on Edelweiss Life Insurance for corporate governance and outsourcing regulation violations after an inspection.
ITAT Mumbai held that invocation of revisionary jurisdiction under section 263 of the Income Tax Act on account of difference of opinion is not sustainable in law. Accordingly, revision order passed by PCIT is liable to be quashed.
CESTAT Delhi rules royalty for permanent trademark use is a ‘deemed sale,’ not subject to service tax. Explains the nuances of exclusive, long-term licenses.
Madras High Court condones 72-day appeal delay for Red Rose Garments, citing an ex-parte GST order remaining unnoticed on the portal as a genuine reason.
