01 Jul, 2025
Intro Paragraph:GST clarifications after 8 years show that while the Goods and Services Tax has simplified indirect taxes, many grey areas remain. From rate disputes to procedural confusions, Indian taxpayers and professionals still face regular compliance hurdles. Let’s simplify the key clarifications, legal updates, and expert insights every taxpayer should know in 2025. What Makes […]
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ITR Form Delay AY 2025-26: What You Need to Know The Income Tax Return (ITR) form delay for AY 2025-26 is drawing serious concern from professionals and taxpayers alike. With July fast approaching, the Central Board of Direct Taxes (CBDT) has still not released several ITR utilities, especially for businesses and professionals. This delay is […]
Read More01 Jul, 2025
Gauhati HC Allows Restoration of Cancelled GST Registration on Fulfilling Compliance In a major relief for taxpayers, the Gauhati High Court has ruled that GST registration can be restored if the taxpayer pays full tax dues and files all pending returns. This judgment reinforces the principle that technical lapses should not permanently harm genuine businesses. […]
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Capital Creditors vs. Trade Payables: ITAT Clarifies Tax Treatment Focus Keyphrase: capital creditors trade payables In a recent case, the Income Tax Appellate Tribunal (ITAT) provided clarity on the difference between capital creditors and trade payables, especially when past-year creditors are mistakenly shown under the wrong head in future financials. This ruling is key for […]
Read More01 Jul, 2025
Intro:GST on Hajmola has stirred debate again. Is it a confectionery or a digestive ayurvedic medicine? Let’s break it down for Indian taxpayers and businesses. What Triggered the Hajmola GST Dispute? Dabur India Ltd., the maker of Hajmola, classified it under Ayurvedic digestive tablets (HSN 3004), attracting 12% GST.However, the Revenue Department argued that Hajmola […]
Read More01 Jul, 2025
GST Journey in India: 8 Years of Reform and the Road Ahead On 1st July 2025, India marks 8 years of Goods and Services Tax (GST) — a unified indirect tax reform that replaced multiple cascading taxes like excise, service tax, VAT, and entry tax. The GST journey in India has been one of evolution, […]
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GST Confiscated Goods Can Be Released During Appeal: Kerala High Court Explains Relief Under Section 130 Focus Keyphrase: GST confiscated goods In a significant judgment that brings relief to businesses, the Kerala High Court recently ruled that GST confiscated goods can be released during the pendency of an appeal, provided they have not yet been […]
Read More01 Jul, 2025
GST Beneficial for Industry, But Clarity and Faster Dispute Resolution Needed India’s Goods and Services Tax (GST) has largely benefited businesses, streamlining indirect tax compliance. But industry experts still seek greater clarity and faster dispute resolution to reduce litigation and improve ease of doing business. How GST Has Benefited Industry Since its launch in July […]
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GST Filing Rules Change from July What You Need to Know The GST filing rules change from July 2025 is a major compliance update every Indian business must track. As per CBIC’s latest announcement, key revisions are being implemented from 1st July 2025 to streamline return filing, reduce fraud, and improve reconciliation. Here’s a clear […]
Read More01 Jul, 2025
PwC India Calls for Overhaul in GST Three-Tier Rates & Petrol Inclusion The Goods and Services Tax (GST) has been India’s most significant indirect tax reform. However, even after seven years, complexities remain — from rate disputes to tax exclusions like petroleum. Now, a PwC India report proposes a bold move: adopt a three-tier GST […]
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