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Use of AI in GST Practice – A Practical Analysis and Precautions

May 20, 2025 16869 Views 1 comment Print

Explore how AI can streamline complex GST compliance tasks like return filing, notice responses, and data reconciliation, while highlighting the need for human verification.

जीएसटी प्रैक्टिस में एआई (AI) का उपयोग – एक व्यवहारिक विश्लेषण एवं सावधानियां  

May 20, 2025 9075 Views 1 comment Print

जीएसटी प्रैक्टिस में एआई से लाभ संभव, पर गलत जानकारी (hallucination) से सतर्क रहना जरूरी है। व्यवहारिक सुझावों के साथ पूरी जानकारी पढ़ें।

Lack of Evasion Intent: CESTAT Delhi Quashes ₹2 Crore Penalty on Former MD

May 20, 2025 4161 Views 0 comment Print

CESTAT Delhi cancels a ₹2 crore penalty on Rajesh Khosla, former MMTC-Pamp MD, ruling that mere non-disclosure without deliberate intent to evade customs duty is insufficient for Section 112(a)(ii) penalty.

Anticipatory Bail Granted in ₹75 Cr GST ITC Fraud Case

May 20, 2025 5871 Views 0 comment Print

Patiala House Courts grants anticipatory bail to a director in a ₹75 crore fake GST ITC fraud case, emphasizing cooperation and documentary evidence.

P&H HC Grants Interim Anticipatory Bail in Income Tax Bogus Refund Scam

May 20, 2025 4599 Views 0 comment Print

Punjab & Haryana High Court grants anticipatory bail in an income tax fraud case, questioning FIR registration and non-cognizable offenses.

Vague Grounds of Accommodation Entries: ITAT Quashes Tax Reassessment

May 20, 2025 7245 Views 0 comment Print

Kolkata ITAT voids tax reassessment for AY 2017-18, finding reasons for reopening vague & based on borrowed satisfaction, citing Delhi HC precedent.

GST on Ocean Freight of Export and Import

May 20, 2025 212892 Views 5 comments Print

Ocean freight is a process through which merchandise goods, cargo and commodities are transported by ships via shipping lines. Over 90% of all the world’s trade is carried by sea.

Analysis of Notifications and Circulars for Week ending 18th May 2025

May 19, 2025 4308 Views 0 comment Print

India’s key tax, customs, SEBI, IBBI, RBI, and other regulatory and judicial developments from May 12th to 18th, 2025.

CBDT updates ITR-U Form wef 19th May 2025

May 19, 2025 8688 Views 0 comment Print

Notification No. 49/2025 updates Income Tax Rules with extended ITR-U filing time to 48 months. Additional tax rates apply for delayed filings under new amendments effective 19th May 2025.

Cloud Kitchens & Takeaways: GST Composition Scheme Eligibility & Compliance

May 17, 2025 11769 Views 0 comment Print

Cloud kitchens and takeaway businesses can opt for GST Composition Scheme at 5% rate if turnover and other conditions are met, as per GST law & clarifications.

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