Missed GST refund deadline? Learn how irrecoverable GST on deemed exports can be claimed as a business expense under Section 37 of the Income-tax Act, 1961
Understand the complexities of GST on IPOs and OFS in India, including debates over Input Tax Credit reversal, the distinction between share creation and transfer, RCM on government fees, and GST treatment of ESOPs.
Stay informed on GSTN’s June 2025 advisories, covering the 3-year return filing bar, non-editable GSTR-3B liability, QRMP refund rules, Amnesty Scheme filing, and new E-Way Bill 2.0 features.
ITAT Mumbai dismisses Cable & Wireless India’s appeal, ruling it non-maintainable as the assessee bypassed the first appellate authority (CIT-A).
Patna High Court sets aside a GST penalty of ₹6.33 lakh for the 2016-17 financial year, citing the non-existence of CGST Act at the time and relying on a Supreme Court precedent.
Madras High Court dismisses UP’s petition, ruling that GST Section 130 cannot be invoked for excess stock found during survey Sections 73/74 are the correct recourse.
The ITAT Raipur ruled in favor of Kuldeep Jiwan Mahant, deleting an addition made under Section 68 for cash deposits, citing bank passbooks are not “books” for this section.
ITAT Kolkata rules in favor of Cygnus Developers, accepting share application money as genuine, citing investor company tax assessments and judicial precedents.
Telangana High Court dismisses a bookie’s appeal, affirming a Rs. 1 lakh penalty for failing to audit accounts despite a high turnover, rejecting contradictory claims.
ITAT Bangalore allows Section 54F deduction for Ramaiah Dorairaj, ruling that direct investment in a new house within the period overrides non-deposit in Capital Gains Scheme.
