02 Aug, 2025
The Central Government has notified August 1, 2025 as the effective date for cessation of office of the Chairman, Vice-Chairman, and Members of the Customs and Central Excise Settlement Commission, under Rule 7 of the Settlement Commission Rules, 2015. This marks a key administrative transition in line with the Finance Act, 2021, which had earlier […]
Read More02 Aug, 2025
ITR Filing in Jeopardy Due to Delay in Utility Update Income Tax Return (ITR) filing in jeopardy this week as the Income Tax portal utility is yet to reflect the extended due date for AY 2025–26. Despite CBDT Circular No. 06/2025 extending the ITR filing deadline to 15 September 2025, the utility still flags returns […]
Read More02 Aug, 2025
GST Officer Erred by Issuing Order Despite HC Stay: Bombay HC The Bombay High Court recently quashed a GST order that was issued despite the matter being under probe by the DGGI and stayed by the Karnataka High Court. This case is a strong reminder of how overlapping investigations and disregard of judicial restraint can […]
Read More02 Aug, 2025
Kerala GST Goes Faceless: A New Era of Tax Adjudication Kerala State GST Department is launching a faceless adjudication system starting this Friday, marking a major step toward automation, transparency, and taxpayer convenience. This new model mirrors the faceless assessment framework introduced by the Income Tax Department under Section 144B. Let’s decode what it means […]
Read More02 Aug, 2025
Trump’s 25% Tariff on Indian Imports: What Indian Exporters Must Know Focus keyphrase: Tariff on Indian imports In a move that has rattled Indian exporters, former US President Donald Trump has proposed a 25% tariff on all Indian imports if re-elected in 2025. While still a campaign promise, this sharp trade stance has triggered concerns […]
Read More02 Aug, 2025
Advocate Can’t Be Harassed Without Direct Role: High Court Focus keyphrase: advocate summon illegality A recent High Court ruling clarified that advocate summon illegality can’t be presumed. This has serious implications for tax and legal professionals facing unjustified notices or summons from investigative agencies. What Did the Court Say? The High Court: Legal Basis for […]
Read More02 Aug, 2025
IntroductionThe Income Tax Bill has triggered discussions across professional bodies. One key pitch: recognising Company Secretaries as accountants in tax law. The Institute of Company Secretaries of India (ICSI) has formally urged the Finance Ministry to extend the legal status of “accountant” to CS professionals, currently restricted to Chartered Accountants and Cost Accountants. Why This […]
Read More02 Aug, 2025
Rs 100 Crore GST Fraud in Copper Trade: What You Must Know The recent bust of a ₹100 crore GST fraud in copper goods trade has once again exposed the growing misuse of fake invoices and shell firms in India’s indirect tax ecosystem. According to the DGGI (Directorate General of GST Intelligence), the accused created […]
Read More01 Aug, 2025
Offshore gaming firms are increasingly using crypto to evade tax in India, according to government officials. With online betting and casino platforms booming, many foreign entities are bypassing Indian tax laws by routing payments through cryptocurrencies and avoiding TDS and GST liabilities. Let’s break down the compliance risks, enforcement challenges, and what Indian taxpayers and […]
Read More01 Aug, 2025
GST System Downtime on 2nd August 2025: What Taxpayers Need to Know The Goods and Services Tax (GST) Network (GSTN) has officially announced a scheduled Disaster Recovery (DR) drill on Saturday, 2nd August 2025. During this period, the GST portal will not be available for any compliance activity, including return filing, registration, or e-way bill […]
Read More