Summary of CGST amendments (Sept 2025): Rs.2 Cr annual return exemption, provisional refund curbs, faster RFD-04, and revised GST Appellate Tribunal procedures.
Summary of CGST rate notifications (Sept 2025): New rate schedules, full tax exemptions on goods, revised concessional rates, and ECO tax rules for local delivery services.
Rights issue under Companies Act lets shareholders renounce entitlements to outsiders, enabling new investors without triggering preferential allotment rules.
CBDT extended the Section 44AB tax audit specified date to Oct 31, 2025, without extending the Section 139 return filing due date. Is this extension ultra vires?
Section 16(2)(c) of the CGST Act makes Input Tax Credit (ITC) conditional on the supplier actually paying the tax to the government. Judicial precedents from High Courts emphasize that a buyer’s bona fide claim can’t be denied solely due to the supplier’s default, especially without proving fraud or collusion.
RTI inquiry into NCLT/NCLAT reveals member vacancies, lack of consolidated case data, and opaque appointments, highlighting need for tribunal reforms.
Delhi High Court, in granting bail to Hamid Raza, highlights conflict between personal laws and criminal law, urging need for Uniform Civil Code in India.
GST 2.0 cuts tax on packaged food to 5% and exempts staples like bread, milk, and paneer from Sep 22, 2025, aiming for price reductions and demand volume growth in the FMCG sector.
Summary of GST Rule 89(5) for Inverted Duty Structure refund: Formula, eligibility for ITC on inputs only, and process for filing FORM GST RFD-01 claim.
Delhi High Court rejects bail for former AAP Councillor Tahir Hussain in the 2020 Delhi riots case over the murder of IB staffer Ankit Sharma, citing grave allegations.
