New GST circular requires suppliers to get buyer confirmation or CA certificate of ITC reversal to legally reduce tax via credit notes for discounts.
GSTN advisory confirms GSTR-3B Table 3.2 will remain editable for now, reversing earlier plan, following taxpayer feedback. File returns accurately.
Supreme Court rules unilateral changes to a sale deed after execution but before registration are invalid, reaffirming Section 47 of Registration Act.
Advisory on withdrawing GST appeals for the Section 128A waiver scheme. Learn how “Appeal withdrawn” status fulfills requirements & document upload needed.
Summary of tax, GST, Customs, SEBI, RBI, and other regulatory notifications and rulings issued in India during the week of May 5-11, 2025.
CESTAT Allahabad rules service tax not applicable to restaurant takeaway food, affirming it as a sale of goods based on judicial precedents.
Kolkata ITAT quashes tax assessment for AY 2017-18, ruling that Section 143(2) scrutiny notice failed to comply with mandatory CBDT instructions.
Amount received by assessee trust from its settler, towards infrastructure fund, was not taxable in hands of assessee, despite the fact that the assessee trust was not registered u/s 12A of Act in that year.
Delhi High Court granted bail granted to Chartered Accountant [CA] of entity found involved in money-laundering. Notably, bail is granted since trial in the present complaint case is yet to commence and would take some time to conclude.
Neptune Petrochemicals penalized ₹1.19 lakh for issuing shares in physical form in violation of Section 29 of the Companies Act for 109 days.
