05 Jul, 2025
Summary States flagged ₹2 lakh crore Input Tax Credit fraud during a recent GoM meeting. With fake invoicing rampant, GST enforcement is tightening. Here’s what businesses must know to stay compliant. ₹2 Lakh Crore ITC Fraud: What It Means for GST Enforcement The focus keyphrase — ITC fraud GST enforcement — dominated the recent GoM […]
Read More05 Jul, 2025
₹250 Crore GST Scam Exposes Aadhaar Misuse in Multi-State Racket A massive multi-state GST fraud has come to light involving fake firms and stolen identities—this time, the Aadhaar of a jobless man from Uttar Pradesh was used to generate fake GST registrations, enabling bogus input tax credit (ITC) claims worth ₹250 crore. Rajasthan police have […]
Read More05 Jul, 2025
GST Registration Photo Proof: What Are You Actually Required to Submit? Many small businesses applying for GST registration are being asked for photos of their site with signage and adjacent shops as a condition for approval. But is this legally valid? Does the GST law mandate such specific photographs? Let’s break it down — using […]
Read More05 Jul, 2025
TDS Deducted on Development Expenses: What Madras HC Just Ruled In a key tax litigation verdict, the Madras High Court has upheld the Income Tax Appellate Tribunal (ITAT) decision allowing land development expenses as deductible — based on three critical facts: TDS was deducted, payments were made by cheque, and physical verification of work was […]
Read More05 Jul, 2025
Understanding Tax Benefits Under UPS: NPS Rules Now Apply As per the latest clarification, tax benefits available under the National Pension System (NPS) shall now apply mutatis mutandis (with necessary modifications) to the Unified Pension Scheme (UPS). This has major implications for salaried individuals, self-employed professionals, and employers who opt for UPS over traditional retirement […]
Read More05 Jul, 2025
Statutory Compliance Calendar for July 2025 Timely compliance is non-negotiable for every business—whether you’re a startup, MSME, or a listed company. Missing statutory deadlines for GST returns, TDS payments, PF/ESI filings, or income tax forms can lead to penalties and legal complications. This Statutory Compliance Calendar July 2025 will help you track all major due […]
Read More05 Jul, 2025
Delay in Filing Appeal under NCLT Rules: Legal Relief Explained If you’re filing an appeal under NCLT Rules and miss the deadline, don’t panic. As per recent judicial interpretation, delay in filing appeal under NCLT Rules can be condoned—provided you show sufficient cause. Here’s how this works, legally and practically. What Do NCLT Rules Say […]
Read More05 Jul, 2025
Summary The 19th Customs Consultative Group Meeting in Bengaluru, chaired by Surjit Bhujabal (Member – Customs, CBIC), addressed key trade facilitation issues including EDI reforms, ICEGATE upgrades, and stakeholder grievances in logistics and imports. What the 19th Customs Consultative Group Meeting Means for Indian Importers The 19th Customs Consultative Group (CCG) Meeting, chaired by Surjit […]
Read More05 Jul, 2025
ITR-B Filing Under Section 158BC Now Online The Income Tax Department has enabled online filing of ITR-B, a return form used in block assessment cases under Section 158BC of the Income-tax Act, 1961. This move, as per CBDT Circular No. 07/2025 dated 3 July 2025, facilitates electronic compliance for cases involving income unearthed during search […]
Read More05 Jul, 2025
Bill of Entry Amendment via ICEGATE Web Forms: A Simple Guide for Importers If you’re an Indian importer, the term Bill of Entry amendment via ICEGATE web forms is now critical to your post-clearance compliance. Thanks to CBIC’s digital push, the amendment process has become paperless, faster, and rule-based. But many still struggle to understand […]
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