08 Jul, 2025
DVO Reference and Pending Assessments: What the ITAT Clarified In a key ruling, the Income Tax Appellate Tribunal (ITAT) recently held that a reference to the District Valuation Officer (DVO) is valid only when income tax assessment or reassessment is pending. This decision provides crucial clarity on how and when Assessing Officers (AOs) can invoke […]
Read More08 Jul, 2025
Section 74 Show Cause Notice: What Makes It Legally Unsustainable? If you’ve received a GST show cause notice under Section 74, but there’s no allegation of fraud, misstatement, or suppression, you might have strong legal ground to challenge it. Several courts have already held that mechanical issue of Section 74 notices—without substantiation—violates natural justice and […]
Read More08 Jul, 2025
GST Registration and Corruption in India: A Harsh Reality A viral Reddit post by an Indian small business owner recently sparked outrage—and recognition. The user narrated how their GST registration process was blocked not once but twice, each time accompanied by an “unofficial” demand. When they refused to pay, officers allegedly marked their application “incomplete,” […]
Read More08 Jul, 2025
Intro Paragraph:The new crypto GST in India regime has tightened its grip. Offshore exchanges like Bybit are now charging 18% GST on transaction fees. For Indian users, this means higher trading costs—and a wake-up call on tax compliance. Let’s break down what’s changed, why it matters, and how it affects your crypto trades. Why Offshore […]
Read More08 Jul, 2025
CII bats for GST 2.0: Why it matters now The Confederation of Indian Industry (CII) has strongly pitched for a GST 2.0 overhaul — seeking simpler compliance rules and rationalised tax rates. This call comes ahead of the Union Budget 2025, as India’s indirect tax system nears the 8-year mark. But what does “GST 2.0” […]
Read More08 Jul, 2025
Income tax refund scam: How citizens faked NRI status to cheat system A major income tax refund scam has come to light, where Indian residents allegedly posed as non-resident Indians (NRIs) to fraudulently claim tax refunds from the I-T Department. The Central Board of Direct Taxes (CBDT) has launched an investigation after detecting suspicious refund […]
Read More05 Jul, 2025
Mizoram GST Collection June 2025: 29% Drop Raises Concern Mizoram GST collection in June 2025 saw a steep 29% decline compared to June 2024. While India’s overall GST revenue remains steady, this sharp drop in a North Eastern state highlights potential gaps in regional compliance, economic activity, or sector-specific issues. Why Mizoram’s GST Revenue Declined […]
Read More05 Jul, 2025
GST evasion and fake invoicing: What every taxpayer must know With two more individuals recently arrested in a multi-crore GST evasion and fake invoicing scam, the spotlight is once again on how such frauds work — and why every taxpayer, especially small business owners and consultants, must stay alert. The focus keyphrase “GST evasion and […]
Read More05 Jul, 2025
Intro: The call aims to enable state departments to plug revenue leaks, boost policy efficiency, and enhance coordination with the Centre’s GSTN network. Why Andhra Pradesh is demanding real-time GST data At the State Finance Ministers’ conference chaired by Union FM Nirmala Sitharaman, Andhra Pradesh Finance Minister Sri Buggana Rajendranath raised a key demand: All […]
Read More05 Jul, 2025
Intro:Trump’s proposed 1% remittance tax and a levy on university endowments could directly affect Indian families, students, and taxpayers. With lakhs of Indians sending money abroad for education, support, and investments, this “Big, Beautiful Bill” deserves a closer look—especially for NRIs and Indian taxpayers funding foreign education. What Is the 1% Remittance Tax in Trump’s […]
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