04 Jul, 2025
No Refund on ITR AY 2025-26? Here’s What It Means If you’re seeing “No refund until verification is complete” on your Income Tax Return (AY 2025–26), you’re not alone. The Income Tax Department has flagged multiple ITRs for review — and as per recent CBDT instructions, refunds in such cases will not be processed until […]
Read More04 Jul, 2025
Refund Cannot Be Denied by Disregarding Binding High Court Order Refund cannot be denied when a taxpayer has a favourable High Court ruling and there is no stay or appeal filed by the department. This legal position has been upheld in several judicial decisions, ensuring that taxpayers are not unfairly denied relief due to departmental […]
Read More04 Jul, 2025
India’s First Retail Mutual Fund in GIFT City A Tax-Free Opportunity? The newly launched GIFT City mutual fund by DSP Mutual Fund has created buzz among Indian investors. This is the first retail-oriented fund registered in GIFT IFSC — and it offers zero tax on capital gains in your hands. But how does this actually […]
Read More04 Jul, 2025
High Court Warns GST Officials: No Illegal Detentions The Gujarat High Court has issued a contempt warning to GST officers for illegally detaining individuals during GST inspections. The Court reminded authorities that no one can be detained overnight unless formally arrested. This ruling reinforces taxpayer rights during GST enforcement actions. What Triggered the Contempt Warning? […]
Read More04 Jul, 2025
Excess Stock Detected? Section 130 May Not Apply, Says High Court Can GST officers initiate confiscation and penalty proceedings merely for finding excess stock? The High Court says no. In a key ruling, the Court has clarified that Section 130 of the CGST Act is not a blanket power for seizure and penalty—especially in routine […]
Read More04 Jul, 2025
GST on Copper Sulphate: Why Arecanut Cooperatives Want a 5% Rate Ahead of the next GST Council meeting, arecanut cooperatives have urged the government to reduce GST on copper sulphate to 5%. Used extensively in plant protection and fungal control in arecanut plantations, the current 18% GST rate has become a cost burden for farmers […]
Read More04 Jul, 2025
Ludhiana GST Scam: How Daily Wagers Were Misused for ₹157 Cr Fraud In a shocking development, the GST scam in Ludhiana exposed how fraudsters used daily wagers and labourers to float fake firms and claim fake Input Tax Credit (ITC) worth over ₹157 crore. This case highlights a critical loophole in India’s GST registration process […]
Read More04 Jul, 2025
Introduction:Higher GST on luxury goods such as cigarettes, carbonated drinks, and high-end cars is under active consideration by the GST Council. This move aims to align taxation with health and social impact objectives. If implemented, it could reshape pricing, demand, and tax planning for businesses dealing in such products. Why is the GST Council Revisiting […]
Read More03 Jul, 2025
Jammu & Kashmir sees 3x rise in GST taxpayers: What it means Jammu & Kashmir has marked 8 years since the rollout of Goods and Services Tax (GST) with a remarkable milestone—a threefold increase in the number of registered taxpayers. This sharp rise highlights the growing formalisation of trade in the region and showcases the […]
Read More03 Jul, 2025
Karnataka GST Revenue Crosses ₹1.6 Lakh Crore in FY25 Karnataka GST revenue crossed ₹1.6 lakh crore in FY 2024–25, making it the second highest GST contributor in India after Maharashtra. The state’s tax base is expanding steadily, with robust IT exports, manufacturing, and a strong services sector driving consistent collections. Key Highlights: Karnataka’s GST Growth […]
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