27 Jun, 2025
Summary From July 2025, taxpayers can no longer edit GSTR-3B once filed. CBIC’s system update makes filings final. Learn the step-by-step changes, implications, and expert tips to avoid errors and penalties. Major Update in GSTR-3B Filing No Edits Allowed After July 2025 – Know the New Process Starting 1st July 2025, a major change hits […]
Read More27 Jun, 2025
GST Compensation Fund Surplus: Explained in Simple Terms By March 2026, the GST compensation fund may have a surplus of ₹95,000 crore, even after settling all dues and loan repayments taken during COVID-19. This raises a key question: What will the government do with this extra cess collection? Let’s break it down for Indian taxpayers, […]
Read More27 Jun, 2025
GST Council May Cut 12% Slab Items: What It Means for You Focus Keyphrase: GST 12% slab The GST 12% slab could soon see fewer items, as the GST Council is expected to revisit the rate structure in its upcoming meeting. This move aims to streamline the multi-rate system and potentially merge the 12% and […]
Read More27 Jun, 2025
GST evaders nabbed in Guwahati What taxpayers need to know In a recent enforcement action, GST evaders were nabbed in Guwahati and FIRs have been lodged against seven individuals for issuing fake invoices and evading tax. This crackdown by the GST authorities is part of a larger national drive to curb tax fraud, especially under […]
Read More27 Jun, 2025
Ask justified, specific questions from taxpayers during scrutiny CBDT to I-T officials The Central Board of Direct Taxes (CBDT) has issued a crucial instruction to all Income Tax officials: be specific, not vague while questioning taxpayers during scrutiny assessments. This move aims to reduce unnecessary harassment and improve taxpayer confidence. Let’s break down what this […]
Read More27 Jun, 2025
ITAT Condones 224-Day Delay Modi Charitable Trust’s 12A & 80G Applications Remanded Over Unfamiliarity with E-Notices In a notable judgment, the Income Tax Appellate Tribunal (ITAT) has condoned a 224-day delay in filing an appeal by Modi Charitable Trust, citing the assessee’s lack of familiarity with the Income Tax Department’s e-filing portal and e-notices. The […]
Read More27 Jun, 2025
Madras HC Ignoring Tax Officer’s Promotion Representation is ‘Dereliction of Duty’ In a significant judgment that underscores procedural fairness in tax administration, the Madras High Court ruled that the failure to consider a representation submitted by a Deputy Commissioner of Commercial Taxes before denying promotion to Joint Commissioner is a clear dereliction of duty by […]
Read More27 Jun, 2025
Delay in GST Refund Affecting Traders’ Capital Here’s What You Should Know Delay in GST refund has become a major concern for Indian traders, especially small businesses and exporters. For many, blocked funds are choking their working capital, hampering daily operations, and increasing credit dependence. In this blog, we break down the issue, the legal […]
Read More27 Jun, 2025
GST arrears recovery nets ₹3.5 crore What taxpayers should know In a recent enforcement push, GST authorities recovered ₹3.5 crore in pending tax dues. The drive primarily targeted non-filers and defaulters from FY 2017–18 to 2019–20. This follows a broader national campaign to clean up old liabilities ahead of the GST Amnesty Scheme deadlines. If […]
Read More27 Jun, 2025
Summary Orissa High Court ruled that 12A exemption cannot be denied merely due to delay in filing the audit report, reinforcing the principle that substance must prevail over form in tax matters. This offers crucial relief to charitable trusts and NGOs facing procedural delays. 12A Exemption and Audit Report Delay: What Orissa HC Ruled The […]
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