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Centre Clarifies Karnataka GST Revenues and Transfers

December 3, 2025 1017 Views 0 comment Print

The Government detailed GST collections and funds devolved to Karnataka from 2021–25, confirmed no pending special grants, and stated that no alternative GST compensation mechanism is under consideration.

₹3.5 Lakh Penalty imposed for Failure to Attach CSR Report in Board Report

December 2, 2025 345 Views 0 comment Print

ROC Mumbai imposed penalties on a company and its officer for not including the Annual CSR Report in the Board Report for FY 2021-22. The ruling emphasizes strict compliance with Section 134(3)(o).

ROC Gwalior imposed Penalty for Early Utilisation of Preferential Issue Funds

December 2, 2025 972 Views 0 comment Print

ROC Gwalior imposed penalties on a company and officers for using funds from a preferential issue before filing Form PAS-3. The ruling underscores compliance with Section 42(4) of the Companies Act.

₹4 Lakh Penalty Imposed for Delay in Appointing Independent Directors

December 2, 2025 804 Views 0 comment Print

ROC Ahmedabad levied penalties on a company and its Managing Director for delayed compliance with Section 149(4) and Section 172. The ruling emphasizes timely appointment of independent directors.

RTI Appeal Denied for DHFL Insolvency Records

December 2, 2025 303 Views 0 comment Print

The IBBI appellate authority ruled that DHFL insolvency compliance reports are confidential commercial information. Disclosure was limited, as records were not maintained in a segregated format.

Section 80G Deduction Allowed for Temple Renovation Due to Historic Importance

December 2, 2025 777 Views 0 comment Print

The government notified a historic temple as eligible under Section 80G due to its cultural significance. Deductions apply only for renovation donations capped at ₹50 crore, valid until collection or March 2030.

Delhi GST Notification Introduces Special Procedure for ITC Rectification

December 1, 2025 2301 Views 1 comment Print

The Delhi government allows registered taxpayers to rectify GST orders where previously denied ITC is now eligible under section 16(5) or 16(6). The process ensures claims are submitted electronically with proper verification.

GST Revenue Rises Slightly in Nov 2025 Due to Strong Import IGST Growth

December 1, 2025 807 Views 0 comment Print

Gross GST collections grew 0.7% in November 2025, driven mainly by a 10.2% rise in import IGST, even as domestic revenues dipped. The report highlights uneven state-wise trends and moderate overall tax buoyancy.

GST Registration Cancellation Upheld for Non-Existent Business & Fake Documents

December 1, 2025 3300 Views 0 comment Print

The Telangana High Court upheld cancellation of a GST registration after authorities found the declared business premises non-existent and submitted rental agreements fraudulent.

Tribunal’s Fact-Based Remand Cannot Be Challenged Under Section 260A: Telangana HC

December 1, 2025 321 Views 0 comment Print

High Court found that the Tribunal’s order involved only factual analysis from earlier years, leaving no question of law. Takeaway: Factual remands do not qualify for High Court intervention.

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