27 Jun, 2025
SEBI Mandates NISM Certification for AIF Managers’ Key Personnel To strengthen regulatory oversight and protect investors, SEBI has made it mandatory for key personnel of AIF managers to obtain NISM certification. This significant reform ensures that those managing Alternative Investment Funds (AIFs) meet a minimum standard of professional knowledge. Let’s break down what this new […]
Read More27 Jun, 2025
40 Hour CPE Mandate for CAs Filing Due in 3 Days! Here’s All You Need to Know If you’re a practicing Chartered Accountant, the 40 hour CPE mandate for CAs is not optional. With the deadline of 30th June 2025 fast approaching, it’s crucial to ensure compliance and avoid default tags on the ICAI portal. […]
Read More27 Jun, 2025
No Relief in High Value Fraudulent Transactions What Taxpayers Must Know If you’re involved in high value fraudulent transactions, the Indian courts are clear — no relief will be granted in the face of serious tax fraud allegations. From the Income Tax Department’s aggressive scrutiny to recent High Court rulings, the law is taking a […]
Read More27 Jun, 2025
Intro:The question of IGST credit on TR-6 challan has gained attention among taxpayers and consultants dealing with customs clearances and imports. Many are unsure whether IGST paid via a TR-6 challan—used at ports or by enforcement agencies—qualifies for input tax credit (ITC) under GST. What is TR-6 Challan? Can IGST Paid via TR-6 Be Claimed […]
Read More27 Jun, 2025
GST Compliance in India Simplified Guide for 2025 GST compliance in India has evolved significantly since its rollout in 2017. According to a Deloitte survey, most Indian businesses appreciate GST reforms — particularly digitization and easier filings. Yet, key challenges remain: refund delays, rate complexities, and dispute resolution. In this blog, we break down the […]
Read More27 Jun, 2025
Mandatory Pre-deposit for Tax Appeals What Taxpayers Must Know If you’re planning to file a tax appeal, mandatory pre-deposit is a rule you simply can’t avoid—even during a financial crisis. Whether you’re a small business reeling under losses or a taxpayer with heavy liabilities, the law requires you to deposit a specified percentage of the […]
Read More27 Jun, 2025
Section 73 GST Avoid Penalty by Acting Within 30 Days Under Section 73 of the CGST Act, taxpayers can resolve GST disputes involving short payment or non-payment of tax without penalty—if they act voluntarily or within 30 days of a show cause notice. Let’s break this down for business owners, consultants, and tax filers to […]
Read More27 Jun, 2025
Jharkhand High Court Unsigned GST SCN Renders Entire Demand Order Invalid In a crucial judgment for GST taxpayers, the Jharkhand High Court held that if a Show Cause Notice (SCN) is not signed by the GST authority, the entire demand order becomes void, even if the final order carries a signature. This verdict has wide […]
Read More27 Jun, 2025
Restoration of Cancelled GST Registration What Gauhati HC Ruled But a recent ruling by the Gauhati High Court has brought relief to taxpayers who missed compliance due to genuine difficulties. The court clarified that filing returns and clearing dues can justify revocation of cancelled GST registrations, even after prescribed timelines. Let’s break it down. Background: […]
Read More27 Jun, 2025
GST Portal Notices Why You Must Stay Alert, As Per Delhi High Court The Delhi High Court has made it clear — taxpayers cannot blame the department for missing notices uploaded on the GST portal. In a recent ruling, the Court emphasized that it is the responsibility of the taxpayer to regularly check for GST […]
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