07 Aug, 2025
Intro Paragraph:This blog explains what the ruling means for operational creditors, GST departments, and insolvency professionals. What Is Section 9 of IBC? Section 9 of the Insolvency and Bankruptcy Code, 2016 allows an operational creditor to initiate insolvency proceedings against a debtor company if dues remain unpaid after a demand notice. Key features: Allegation of […]
Read More07 Aug, 2025
IntroductionThe GST relief for small vendors is back in focus as the GST Council considers easing compliance burdens. But a parallel issue is rising—many merchants are avoiding UPI payments to sidestep GST scrutiny. This shift could hurt digital adoption and tax transparency. Let’s break down what’s really going on. What’s Prompting the GST Relief Talk? […]
Read More07 Aug, 2025
Why Gambling Triggers GST—Even If It’s a Crime The Centre has told the Supreme Court that tax law does not distinguish between legal and illegal gambling. If you’re running a game of chance—be it online or offline—GST is applicable, regardless of whether the act itself is a crime. This position is central to the ongoing […]
Read More07 Aug, 2025
Partner retirement & GST liability: Why this HC ruling matters Failure to inform the GST department about a retiring partner can have serious tax consequences. Let’s break down the implications for firms, partners, and tax consultants. Key takeaway from the High Court ruling Legal Issue Explanation Case Name Ashok Kumar Garg v. Commissioner of State […]
Read More07 Aug, 2025
Three Months Under Section 73(2) GST Means Calendar Months In a key ruling, the Delhi High Court has clarified that “three months” under Section 73(2) of the CGST Act, 2017 refers to calendar months, not 90 days. This interpretation directly impacts the validity of show-cause notices (SCNs), recovery timelines, and limitation periods under GST. Let’s […]
Read More07 Aug, 2025
GST Appellate Tribunal Update: 33 Technical Members Appointed The appointment of 33 technical members to the GST Appellate Tribunal (GSTAT) marks a major step towards operationalising the long-awaited tribunal system under GST. For Indian taxpayers, especially those with long-pending appeals, this move promises faster dispute resolution and less dependency on High Courts. Let’s break down […]
Read More06 Aug, 2025
CA Impersonator Caught After 15 Years: Misused Real CA ICAI Membership & Signed Audit Reports In a shocking case of professional fraud, a man impersonated a Chartered Accountant for over 15 years, using the identity of a real ICAI member. He signed audit reports, issued tax documents, and filed returns — all without being a […]
Read More06 Aug, 2025
ITR Refund Pending After a Month? Here’s What You Must Know If your ITR refund is pending after a month of filing, you’re not alone. Many taxpayers in AY 2025–26 are seeing refund delays, despite filing correctly and on time. Here’s a clear breakdown of why it happens and what you can do to resolve […]
Read More06 Aug, 2025
CMA Body Slams Narrowed ‘Accountant’ Definition in Income Tax Act The focus keyphrase Accountant definition Income Tax has triggered a fresh controversy in the professional community. The All India Cost Management Accountants Association has strongly objected to the Centre’s move to narrow the definition of “Accountant” under the proposed New Income Tax Act, excluding Cost […]
Read More06 Aug, 2025
GSTAT Functionality Why the Parliamentary Panel Wants Action The functionality of GSTAT, India’s Goods and Services Tax Appellate Tribunal, remains in limbo despite multiple notifications and legal backing. In July 2025, a Parliamentary Standing Committee on Finance expressed concern over this delay and formally recommended that the Ministry of Finance take urgent steps to make […]
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