10 May, 2025
Intro Paragraph:Customs duty exemption on art and antiques has been notified by CBIC, offering relief to collectors, museums, and cultural institutions. This move simplifies import compliance and reduces acquisition costs for heritage items, fostering India’s cultural ecosystem. What’s Been Exempted? As per Notification No. 26/2025-Customs dated 06.05.2025, the Central Board of Indirect Taxes and Customs […]
Read More10 May, 2025
Intro:The term GST fraud crackdown made headlines again as the Enforcement Directorate (ED) raided premises linked to a Kolkata-based trader in Ranchi and Jamshedpur. This move highlights the growing focus on tax evasion under India’s indirect tax regime. Let’s break down what this means for small businesses and how to stay compliant. Why Is the […]
Read More10 May, 2025
GST Registration Grievance Mechanism in Bengaluru Zone: A Complete Guide Facing delays or rejections in your GST registration?You’re not alone—especially if you’re registering in the Bengaluru Zone. The CBIC has now put in place a structured grievance redressal mechanism to ensure timely resolution of such issues. This blog simplifies how the grievance process works, what […]
Read More10 May, 2025
GST on Solatium: Karnataka HC Says No Tax on Land Compensation This judgment offers critical clarity for landowners and government departments involved in land acquisition projects under the Right to Fair Compensation and Transparency in Land Acquisition Act, 2013. Let’s break down what this means for you. What Is Solatium in Land Acquisition? What Was […]
Read More10 May, 2025
Intro:In a key ruling, the Court upheld CBIC’s position that almond-flavoured milk falls under the 5% GST slab—not exempted like plain milk. This puts an end to industry confusion and sets a clear compliance precedent. Why This Matters for Indian Businesses Flavoured milk has long been a grey area under GST. Here’s what the Court […]
Read More10 May, 2025
IntroductionPAN linked trusts have seen a major rise since the Covid-19 pandemic, with over 5 lakh new entities added to the system. This sudden surge has raised compliance challenges for tax authorities and trustees alike. If you’re managing or planning to form a trust in India, here’s what you must know about PAN, tax filings, […]
Read More10 May, 2025
Why Did Delhivery Receive a ₹49.19 Cr Tax Notice? Delhivery Limited, one of India’s top logistics players, has received a GST demand notice worth ₹49.19 crore from the Directorate General of GST Intelligence (DGGI). This case highlights a rising trend in tax scrutiny faced by logistics and tech-enabled businesses. What Does the Tax Notice Include? […]
Read More09 May, 2025
ITR-6 Form Updated for AY 2025–26 What Taxpayers Must Know The ITR-6 Form updated under the Income-tax (Sixteenth Amendment) Rules, 2025, has introduced key compliance enhancements for companies other than those claiming exemption under Section 11. Notably, these changes apply retrospectively from April 1, 2025, meaning they impact Assessment Year 2025–26 filings. This move signals […]
Read More09 May, 2025
Can a Resigned Director Be Held Liable for Cheque Bounce? If a company issues a dishonoured cheque, can a former director still be prosecuted? This question was addressed by the High Court in a recent ruling under Section 141 of the Negotiable Instruments Act, 1881, providing much-needed clarity on director cheque bounce liability. What the […]
Read More09 May, 2025
ITR-V Form Amended Retrospectively: CBDT Notification ExplainedThe ITR-V form—the verification form submitted after e-filing ITRs without a digital signature—has been amended with retrospective effect from 01.04.2025. This change comes through CBDT Notification No. 43/2025 dated 07.05.2025, modifying Rule 12 of the Income-tax Rules, 1962. If you’re an Indian taxpayer filing ITR-1 to ITR-4 without a […]
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