Latest Articles
YouTuber Guilty of Criminal Contempt for remarks against Judiciary: Delhi HC
Corporate Law : The Court ruled that making unverified allegations against judicial officers amounts to criminal contempt. It emphasized that crit...
Why Retailers Selling Cigarettes Cannot Opt for 1% GST Composition Scheme?
Goods and Services Tax : Selling cigarettes disqualifies traders from the GST composition scheme regardless of turnover. Small retailers must follow regula...
GSTR-9C FY25: Table 12B Redundant and Table 12F Mismatch
Goods and Services Tax : Learn why bank loans are rejected due to poor documentation, weak financials, and unclear business models. Discover practical solu...
Why Bank Loans Get Rejected in India: Practical Reasons & How to Fix Them
Finance : This explains why bank loans are rejected due to poor documentation, weak financials, and unclear business models. It also highlig...
US Taxation – IRS Audits
Income Tax : The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights taxpayer duties, righ...
Latest News
Representation on Cancellation of GST Registration & Refund Processing
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
CBDT Refutes Allegations of Tax Raid, Terms Claims Baseless; Complaint Filed with Election Commission & Police
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Mastermind Arrested for ₹1,825 Crore GST Refund Fraud via Fake ITC & Bogus Exports
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
India–Korea MoU Signed to Boost Financial Regulatory Cooperation
Finance : The issue highlights a new agreement between financial regulators of both countries. The key takeaway is that the MoU promotes col...
IFSCA Registers First Foreign Family Investment Fund
Finance : IFSCA approved the first foreign family office fund under its 2025 regulations. The move strengthens GIFT IFSC’s position as a g...
Latest Judiciary
No Coercive GST Recovery Without Adjudication: Allahabad High Court
Goods and Services Tax : The Court held that tax authorities cannot coerce payment when no demand has been raised. It directed cooperation in investigation...
GDCL not authorised to sell asset of JUL without ownership rights: Directs verification and payment of dues of workers of JUL
Corporate Law : Supreme Court held that post repeal of SICA and non-invocation of IBC, Gannon Dunkerley & Co. Ltd. (GDCL) didn’t possess ownersh...
GST Not Applicable on Commission Paid to Employees: Karnataka HC
Goods and Services Tax : The Court held that payments to pigmy agents qualify as employee wages, not taxable services. As a result, GST under reverse charg...
Revision u/s. 263 upheld as related party expense allowed without detailed verification
Income Tax : ITAT Delhi held that revisionary proceedings under 263 of the Income Tax Act justifiable since related-party expenses were accepte...
Private records recovered during investigation cannot prove charge of clandestine removal of goods
Excise Duty : CESTAT Kolkata held that the charge of clandestine removal of goods cannot be proved on the basis of private records recovered dur...
Latest Notifications
IFSC Circular Mandates Disclosure and Approval Norms for Preferential Allotments
Finance : The circular addresses how listed entities can raise capital through preferential issues and QIPs. It establishes eligibility cond...
RTI Appeal Dismissed as Information Already Available in Public Domain
Corporate Law : The Authority held that information accessible on official websites need not be reproduced under RTI. The appeal was disposed of a...
Odisha Abolishes Professional Tax
Goods and Services Tax : The Ordinance repeals the professional tax law with immediate effect from April 2026. It preserves past liabilities and proceeding...
Penalty Imposed Due to Delay in Holding Board Meeting Beyond 120 Days
Company Law : The case deals with failure to comply with the mandatory 120-day gap between Board meetings. The authority imposed penalties despi...
GST Introduces IMS Offline Tool to Simplify Bulk Invoice Management
Goods and Services Tax : The GST portal launches an Excel-based IMS Offline Tool to help taxpayers efficiently manage and process invoices. It enables bulk...
Latest Downloads
FAQs
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility conditions and prevents incorrect refund claims.
The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
