15 Jul, 2025
Income tax refunds have grown nearly six times in the past 11 years — from just ₹81,457 crore in FY 2013–14 to ₹4.8 lakh crore in FY 2023–24. This sharp rise, as per CBDT data, shows better compliance, faster processing, and greater taxpayer awareness. But are you getting your rightful refund on time? Let’s break […]
Read More15 Jul, 2025
GST rate overhaul: Will the 12% tax slab be removed? The Central Government is initiating a major GST rate overhaul, with Amit Shah stepping in to build consensus between states and ministries. The key focus? Scrapping the 12% tax slab — a move that could simplify India’s four-rate GST system but also shake up pricing […]
Read More15 Jul, 2025
Intro:The Supreme Court’s recent ruling on IGST for aircraft repairs abroad offers major relief to Indian airlines. The Court held that no integrated GST (IGST) can be levied on aircraft sent overseas for repairs when no consideration is involved. This judgment simplifies a long-standing issue and clarifies the law on place of supply and import […]
Read More15 Jul, 2025
Writ Not Maintainable When Alternate Remedy Exists – What It Really Means The phrase “writ not maintainable when alternate remedy exists” often appears in court orders and tax litigation matters. But it’s not a hard-and-fast rule. Indian High Courts and the Supreme Court have repeatedly clarified that while alternate remedies should be used first, writ […]
Read More15 Jul, 2025
Income Tax Exemption for District Legal Service Authority under Section 10(46) This move reaffirms the government’s support for statutory bodies providing public services and ensures tax clarity for legal aid institutions. Let’s break it down for easier understanding. What is Section 10(46) of the Income-tax Act? Section 10(46) provides income tax exemption to certain notified […]
Read More15 Jul, 2025
Ludhiana ₹180-Crore GST Fraud: What Every Business Must Learn A massive ₹180-crore GST fraud case has rocked Ludhiana again. The second accused was arrested recently, highlighting growing scrutiny by the Directorate General of GST Intelligence (DGGI). For Indian businesses, this is more than just a news headline — it’s a wake-up call on the importance […]
Read More15 Jul, 2025
CBDT Notifies Income Tax Exemption for BBNDA u/s 10(46) The CBDT has granted income tax exemption to the Baddi Barotiwala Nalagarh Development Authority (BBNDA) under Section 10(46) of the Income-tax Act, 1961. This notification reinforces how statutory bodies can claim exemption on specified incomes — if their structure and functions align with government norms. Let’s […]
Read More15 Jul, 2025
GST Rate Rationalisation: What Taxpayers Need to Know The government is stepping up its push for GST rate rationalisation, with the GST Council expected to take up key proposals in its next meeting. The aim? Simplify the current slab system and reduce classification disputes. This blog decodes what GST rate rationalisation means for Indian taxpayers […]
Read More15 Jul, 2025
GST Evasion Notices in Karnataka: A Wake-Up Call for UPI Payments Karnataka’s GST wing has issued over 1,900 evasion notices in just one year — and a big chunk targets small businesses accepting UPI without proper GST reporting. This surge is making many shopkeepers go back to cash-only transactions. Focus keyphrase: GST evasion notices Let’s […]
Read More15 Jul, 2025
GST demand under Section 74 quashed: Key relief by Madras HC Section 74 proceedings were recently quashed by the Madras High Court because the taxpayer was not provided with the certificate required under CBIC Circular No. 183/15/2022-GST. This judgment offers a strong precedent for GST payers facing recovery without proper closure of prior adjudication. Let’s […]
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