14 May, 2025
Summary The Gujarat High Court ruled in favor of the taxpayer under the Vera Samadhan Yojna, 2019, emphasizing that procedural compliance outweighs strict literal reading. HC Ruling Reinforces Fairness Under Amnesty Scheme 2019 But a recent Gujarat High Court decision clarified a key interpretation: when the taxpayer has made substantial procedural compliance, the benefit of […]
Read More14 May, 2025
Introduction:Countervailing duty on Vietnamese tempered glass has been officially imposed by the Indian government to shield domestic solar manufacturers from unfair subsidies offered by Vietnam. The move follows an investigation by the Directorate General of Trade Remedies (DGTR) and aligns with India’s trade defense policy. What is Countervailing Duty (CVD)? Background: Why Vietnamese Glass Was […]
Read More14 May, 2025
Telangana Pollution Control Board Gets Tax Exemption u/s 10(46) In a recent notification, the Central Board of Direct Taxes (CBDT) granted income tax exemption to the Telangana State Pollution Control Board (TSPCB) under Section 10(46) of the Income-tax Act, 1961. This exemption, published via Notification No. 41/2025 dated 29.04.2025, ensures that specified income of the […]
Read More14 May, 2025
AAR Can’t Decide Service Tax Cases Here’s What You Need to Know If you’ve ever approached the Authority for Advance Ruling (AAR) to clarify tax matters, here’s a legal twist: AAR has no jurisdiction to rule on taxability under the Finance Act, 1994, which governed service tax before GST came into force. Let’s break it […]
Read More14 May, 2025
Why Input Tax Credit Reform Is Now Urgent Input tax credit reform is one of the most awaited demands from Indian businesses. The current rules under the GST regime have become increasingly complex, leading to blocked working capital, refund delays, and rising litigation. Let’s break down why reforms are needed, what the industry is demanding, […]
Read More14 May, 2025
Is Compensation Cess Applicable on Merchant Export Exports? The Gujarat High Court has stirred a crucial policy debate: Should merchant exporters pay compensation cess under GST? The Court recently issued notice to the GST Council, asking it to clarify this contentious issue that has confused exporters for years. What Is Compensation Cess? What Triggered the […]
Read More14 May, 2025
GST on Online Gaming Legal Battle Over Rule 31A Explained The GST on online gaming industry is under legal scrutiny as the Supreme Court examines whether current tax rules unfairly penalise games of skill like rummy and fantasy sports. With ₹2.5 lakh crore at stake, this case could transform India’s digital economy. Why Is GST […]
Read More14 May, 2025
GST on Fraudulent Orders What Gujarat AAR Ruling Means for You The Gujarat Authority for Advance Ruling (AAR) has clarified a crucial issue — a supplier is liable to pay GST even if the order turns out to be fraudulent. This has raised concerns among businesses across India, especially those handling online or remote transactions. […]
Read More14 May, 2025
Section 16 of GST Delhi HC Flags Wrongful ITC Claims The Delhi High Court recently issued a strong warning on wrongful ITC claims under GST, stating such misuse under Section 16 of CGST Act could cause an “enormous dent” in the credibility of the GST regime. This remark came in a petition challenging GST proceedings […]
Read More13 May, 2025
License Fees from Commercial Spaces: House Property or Business Income? In a recent ruling dated May 12, 2025, the Income Tax Appellate Tribunal (ITAT) reinforced a key principle: license fees from commercial spaces like small offices and warehouses may be taxed under “Income from House Property” if consistently treated that way in past years. The […]
Read More