15 May, 2025
Foreign Donation Disclosure Rules CBDT Tightens Compliance India’s Income Tax Department has called for greater transparency in foreign donations received by charitable institutions. In a fresh push for accountability, the CBDT mandates detailed disclosures under Form 10BD for each donor, including foreign contributors. Let’s break down what’s changing and how it affects trusts, NGOs, and […]
Read More15 May, 2025
GST on Fraudulent Order What Gujarat AAR Ruled & Why It Matters A recent ruling by the Gujarat Authority for Advance Rulings (AAR) has stirred concern among Indian businesses: even if a supplier is cheated by a fake buyer, GST liability remains. Let’s break down what happened, what the law says, and how to safeguard […]
Read More15 May, 2025
Can a Supplier Be Liable for GST on a Fraudulent Transaction? Yes — according to a recent ruling by the Gujarat Authority for Advance Ruling (AAR), even if a supplier is defrauded by a fake buyer, they remain liable to pay GST. This ruling has stirred concern among honest taxpayers, especially small and mid-sized suppliers […]
Read More15 May, 2025
What is GST Adjudication and Why Timeliness Matters Adjudication under GST refers to the process where tax officers decide disputes—such as show cause notices, demand orders, and penalties. But here’s the problem: delays in adjudication can freeze businesses and create financial uncertainty. As per the CBIC and various High Courts, authorities must conclude adjudication with […]
Read More15 May, 2025
Why Arecanut Sector Wants GST Reduction for Copper Sulphate Arecanut farmers and traders are demanding GST relief on copper sulphate, citing its essential use in agriculture and crop protection. This demand has grown louder as GST authorities classify it under higher tax slabs meant for industrial chemicals — raising both costs and compliance confusion in […]
Read More14 May, 2025
Capital gains exemption under Section 54F has long been debated—especially when the reinvested property has multiple floors. A recent Delhi High Court ruling has now cleared the air: different floors of a single residential house do not disqualify a taxpayer from claiming the full exemption. Delhi HC clarifies that multiple floors of a single house […]
Read More14 May, 2025
Fraudulent Orders? GST Still Applies, Rules Gujarat AAR Focus Keyphrase: GST on fraudulent ordersIf you’re a supplier who got tricked into delivering goods through a fake order—can you avoid paying GST?According to a recent ruling by the Gujarat Authority for Advance Ruling (GAAR), the answer is no. GST must still be paid, even if the […]
Read More14 May, 2025
GST Appeal Withdrawal Advisory under Waiver Scheme The GST appeal withdrawal under waiver scheme is now streamlined with the latest advisory from GSTN. This move follows the government’s amnesty initiative under Section 128A of CGST Act, helping taxpayers close old disputes and avoid hefty penalties. What is the GST Waiver Scheme About? What GSTN’s Advisory […]
Read More14 May, 2025
68% of IT Workers Missed ₹49,000 in Tax Savings – Why? Did you know?As per recent data*, nearly 7 out of 10 salaried IT employees in India missed claiming up to ₹49,000 in tax deductions simply due to poor planning or lack of awareness. This blog will break down common mistakes and show how you […]
Read More14 May, 2025
Do Mutual Fund Gains Disqualify You from Section 87A Rebate? If you’re a salaried taxpayer or a small investor filing under the New Tax Regime for FY 2025–26, you may wonder: “Will my mutual fund gains take away my ₹25,000 rebate under Section 87A?” Here’s the clarity based on Income Tax rules, expert insights, and […]
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