09 Jun, 2025
Mahakumbh Ripple Effect: GST, VAT Collections & Fuel Sales Surge in UP The Mahakumbh tax impact in Uttar Pradesh has gone beyond faith and festivities — it’s reshaping the state’s fiscal landscape. With lakhs of devotees thronging Prayagraj, the economic activity has triggered record highs in GST, VAT collections, and fuel sales. Let’s break down […]
Read More07 Jun, 2025
Delhi HC Penalty Highlights Need for Signature Compliance in Petitions The Delhi High Court imposed a cost of ₹50,000 on a lawyer and petitioner for filing a writ petition without the litigant’s signature—a basic procedural lapse that triggered judicial rebuke. This incident highlights a critical but often overlooked compliance requirement in legal filings: the necessity […]
Read More07 Jun, 2025
India’s Urban Slowdown and the Role of Income Tax Relief in Revival India’s urban slowdown is beginning to weigh on consumption, services, and job creation — especially in metros and Tier-1 cities. According to a recent report cited by Economic Times, the slowdown in discretionary spending and urban employment is hurting growth momentum. But can […]
Read More06 Jun, 2025
Introduction:Adani Group tax contribution jumped 29% in FY2024–25, reaching a massive ₹74,945 crore. This surge isn’t just about one conglomerate’s growth—it’s a signal of rising corporate tax collections and India Inc’s growing compliance footprint. Here’s a breakdown of the numbers, sectors, and wider tax policy implications for Indian businesses. Adani’s FY25 Tax Footprint: Key Highlights […]
Read More06 Jun, 2025
Intro:Income tax notice in spam folder and missed replying? You’re not alone. In a recent case, the Income Tax Appellate Tribunal (ITAT) ruled that an ex-parte order passed without proper service of notice violates the principle of natural justice. Why This Case Matters The ITAT has set a clear precedent:If an assessee is not properly […]
Read More06 Jun, 2025
Summary Mismatch between Form 16 and Form 26AS may result in denial of exemptions like HRA or LTA. A recent ITAT ruling clarifies that disallowance without AO verification is invalid. Taxpayers can seek re-verification and relief if mismatch is due to employer error. Mismatch Between Form 16 and Form 26AS: What You Must Know Form […]
Read More06 Jun, 2025
Intro Paragraph:The HSN summary in GSTR-1 is a crucial compliance step for GST filers. As per CBIC’s latest advisory, exports fall under the B2C category. Let’s break it down with clarity and legal backing. CBIC Clarification on HSN Summary in GSTR-1 The Goods and Services Tax Network (GSTN), following CBIC’s direction, has issued validations for […]
Read More06 Jun, 2025
Third Party Motor Insurance Premium May Rise by 25% in FY26 Third party motor insurance premium for Indian vehicles is set to increase by 18% to 25% in FY 2025–26, based on a proposal under consideration by the Ministry of Road Transport and Highways (MoRTH). This follows recommendations from IRDAI—India’s insurance regulator—to revise rates in […]
Read More06 Jun, 2025
Hostel Services Exempt from Service Tax CESTAT Ruling Explained The focus keyphrase hostel services by coaching centres recently gained attention after the CESTAT Delhi Bench ruled that such services are not liable to service tax. This blog simplifies the judgment, explores its legal roots, and helps coaching institutions understand the impact. What Did the CESTAT […]
Read More06 Jun, 2025
ITAT Relief to IMA Kerala Key Takeaways for Tax-Exempt Professional Bodies The focus keyphrase “ITAT relief to IMA Kerala” has gained traction after the Income Tax Appellate Tribunal (ITAT), Cochin bench, ruled in favour of the Indian Medical Association (IMA), Kerala State Branch, offering relief from a ₹1.81 crore tax demand for AY 2016–17. This […]
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