14 Jul, 2025
Gameskraft GST Case Returns to Supreme Court on July 15 The Gameskraft GST case is back in the spotlight. On July 15, 2025, the Supreme Court will hear the matter before Justices J.B. Pardiwala and S.V.N. Bhatti (Mahadevan). This high-stakes hearing will decide the fate of a massive ₹21,000 crore tax demand and clarify the […]
Read More14 Jul, 2025
GST evasion on UPI over ₹40 lakh What Karnataka traders must know If your UPI earnings cross ₹40 lakh annually, ignoring GST compliance could land you in trouble. The Karnataka Commercial Taxes Department has launched a targeted drive against traders — especially small retail and service businesses — who are collecting digital payments but not […]
Read More14 Jul, 2025
Second Demand Notice under IBC is Valid: What NCLAT Ruled The second demand notice under Section 8 of the IBC can be treated as a fresh notice — this recent ruling by the National Company Law Appellate Tribunal (NCLAT) clears the air for many operational creditors who fear technical rejections in insolvency applications. If you’ve […]
Read More14 Jul, 2025
Jane Street’s ₹4,840 Cr Escrow Deposit: SEBI Compliance Explained US-based proprietary trading firm Jane Street Group LLC has deposited ₹4,840 crore (approx. $564 million) into an escrow account to comply with SEBI’s directive — clearing the path for resuming its trading operations in India. This development, reported by Moneycontrol, marks a crucial intersection of cross-border […]
Read More14 Jul, 2025
Income tax refunds are rising across India — and not just in amount, but in speed. Thanks to improved digital systems, more taxpayers are getting quicker refunds directly in their bank accounts. But this trend reveals deeper shifts in how India’s tax system is evolving. Why Income Tax Refunds Are Growing CBDT data shows that […]
Read More14 Jul, 2025
Tax on House Property: What Every Buyer, Seller & Owner Should Know When you invest in real estate, understanding the tax on house property is crucial. Whether you’re buying a flat, selling a property, earning rent, or waiting for possession of an under-construction house—different tax rules apply. This blog simplifies all provisions with official sources […]
Read More14 Jul, 2025
Reconstitution of GSTAT Selection Committee: Legal Validity Explained The reconstitution of GSTAT Selection Committee is legally permissible unless there’s a specific statutory restriction. Recent developments show how tribunals, when faced with administrative or procedural delays, can legally restart the selection process. This blog breaks down the legal position and practical implications for taxpayers and professionals. […]
Read More14 Jul, 2025
GST 12% Slab May Be Scrapped: Major Rate Reshuffle Ahead The GST Council is reportedly considering a major overhaul—scrapping the 12% GST slab entirely. If approved, this would simplify India’s indirect tax structure and impact prices across sectors like insurance, FMCG, and transport. Here’s a breakdown of what it means for you. Why Is the […]
Read More14 Jul, 2025
Intro:Traders’ data leak allegations by a chartered accountants’ body have triggered serious concerns about data privacy under GST. If officials are selling sensitive business details to competitors, it not only breaches trust but also undermines the very purpose of tax compliance. Here’s what taxpayers must know. What Are the Allegations About? Recently, the Chartered Accountants […]
Read More10 Jul, 2025
CESTAT Allows Adjustment of ₹22.37 Lakh Excess Service Tax In a significant relief to taxpayers, the Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has allowed adjustment and refund of ₹22.37 lakh excess service tax paid by Eastern India Enterprise. The tribunal also set aside the penalty imposed under Section 78 […]
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