25 Jul, 2025
CA Certificate Ignored: Why Section 74 GST Demand Was Set Aside In a key ruling, a High Court quashed GST proceedings under Section 74 for being mechanical and non-application of mind. The taxpayer had submitted a Chartered Accountant’s certificate to justify input tax credit (ITC), but the department issued demand without verifying the documents—violating principles […]
Read More25 Jul, 2025
GST Compensation: Centre Clears Most Dues, New System Likely The GST compensation dues saga may be nearing closure. As per reports from official sources, the Central Government has settled pending compensation for all states—except for two where the figures are yet to be verified. Simultaneously, a new mechanism for compensation payout is being reviewed to […]
Read More25 Jul, 2025
AI to Curb Tax Evasion in Granite Quarries: Tax Dept Targets Palnadu The Income Tax Department has launched a tech-driven crackdown in Palnadu district of Andhra Pradesh, using AI to curb tax evasion in granite quarries. These efforts come amid rising concerns about large-scale tax leakage and unaccounted mining revenues in the region. Why Palnadu’s […]
Read More25 Jul, 2025
Goa GST Revenue Unaffected by Corporate Billing Shift Goa Chief Minister Dr. Pramod Sawant has clarified that the state faces no GST revenue loss despite companies billing from other states like Maharashtra or Karnataka. This comes after concerns were raised about corporate head offices moving their billing addresses outside Goa. Let’s break down the issue, […]
Read More25 Jul, 2025
India-UK CETA Deal: What It Means for Trade & Taxation India and the UK have signed a landmark Comprehensive Economic and Trade Agreement (CETA), a strategic move poised to reshape bilateral trade, job creation, and skilled mobility. The India-UK CETA deal is not just a tariff-cutting pact — it’s a platform to simplify regulatory barriers, […]
Read More25 Jul, 2025
Bottom 50% Bear Undue GST Burden: Study Highlights Urgent Tax Reform Need A recent study reveals that the bottom 50% bear undue GST burden in India. While GST was introduced as a uniform, consumption-based tax to boost compliance and simplify rates, its regressive nature is now being questioned. The findings call for serious introspection into […]
Read More24 Jul, 2025
Delhi HC Relief on Duplicate GST Orders: What Taxpayers Should Know Duplication of GST order on the portal is not just a tech error—it can have serious compliance consequences. In a recent ruling, the Delhi High Court stepped in to protect taxpayer rights when the same Show Cause Notice (SCN) was issued and adjudicated twice, […]
Read More24 Jul, 2025
Settlement Under Vivad Se Vishwas Cannot Be Reopened by Rectification: ITAT Rules The Income Tax Appellate Tribunal (ITAT) recently quashed a ₹1.13 crore rectification demand passed after a taxpayer had already settled the matter under the Vivad Se Vishwas scheme. The Tribunal ruled that such rectification is legally unsustainable, bringing relief to thousands of assessees […]
Read More24 Jul, 2025
SEBI Research Analyst Regulations: FAQs Simplified for Compliance The SEBI Research Analyst Regulations are mandatory for anyone offering investment advice through research reports or recommendations. On 23 July 2025, SEBI issued a fresh set of FAQs to clarify the grey areas — from registration to conflict of interest rules. In this blog, we break down […]
Read More24 Jul, 2025
LLP Investment Gains May Face 18.5% Tax: What You Need to Know The government may soon impose an 18.5% tax on LLP investment gains, aligning their taxation with companies under the MAT (Minimum Alternate Tax) framework. If this proposal moves ahead, it could reshape how startups, PE/VC funds, and professionals choose between LLPs and private […]
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