14 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 More13 May, 2025
Understanding the ITAT Ruling on Property Valuation Dispute The property valuation dispute ruling by the Income Tax Appellate Tribunal (ITAT) dated May 12, 2025, offers important clarity on the interpretation of Sections 50C, 56(2)(vii), and 69B of the Income-tax Act, 1961. What Was the Core Issue? Tribunal’s Key Observations Point Finding Section Applied AO wrongly […]
Read More13 May, 2025
Introduction:The ITR forms for AY 2025–26 have been officially notified by CBDT via Notifications No. 40 to 42/2025 dated 29.04.2025. These forms introduce important changes aligned with the updated tax regime, income disclosures, and compliance requirements for individuals and businesses. This blog breaks down the changes in a simple format—whether you’re filing ITR-1 or ITR-5, […]
Read More13 May, 2025
High Court Slams 160% Tax on Tobacco Exports What It Means for Indian Traders In a major blow to tax authorities, the High Court recently slammed the 160% tax on tobacco exports. The ruling sheds light on GST classification disputes and exposes deep flaws in the indirect tax structure for exporters in India. Here’s what […]
Read More13 May, 2025
Husband & Wife Allowed Section 54 Exemption for Buying Joint Property from Two Sales This case brings relief and clarity to taxpayers involved in joint property transactions and challenges the conventional interpretation of Section 54. What Is Section 54 of the Income Tax Act? Section 54 provides exemption from long-term capital gains tax when an […]
Read More13 May, 2025
₹1,549 Cr Fake GST Billing Scam What It Means for Indian Taxpayers In a major crackdown, the Punjab Government has exposed fake GST transactions amounting to ₹1,549 crore. This incident once again highlights the importance of compliance and vigilance in GST reporting. What Happened in Punjab? According to official statements: [Source: Punjab Government Press Release […]
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