26 Jun, 2025
56th GST Council Meeting: What to Expect from the Upcoming Meet? This meeting could significantly impact GST compliance, amnesty scheme timelines, and rate clarifications—especially after recent CBIC circulars created confusion. Let’s break down what Indian taxpayers, consultants, and small businesses should expect. Key Topics Likely to be Discussed 1. GST Amnesty Scheme 2025 – Extension […]
Read More26 Jun, 2025
CBIC Streamlines Appeals Against Tax Orders What It Means for Taxpayers In a major relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has issued fresh guidelines to simplify and streamline appeals against tax orders under the Goods and Services Tax (GST) regime. Whether you’re a business owner, CA, or tax consultant, […]
Read More26 Jun, 2025
Summary Burglars looted ₹60 lakh worth of gold, diamonds, and cash from a retired GST officer’s Hyderabad home. This shocking incident raises key questions around asset declaration, income tax scrutiny, and securing high-value movable assets. Learn the legal and financial implications. GST Officer Burglary in Hyderabad: What Taxpayers Should Learn In a shocking case from […]
Read More26 Jun, 2025
Summary The Income Tax Department has tightened compliance with new ITR rules. Taxpayers claiming false deductions or filing incorrect returns may face penalties under Section 270A or prosecution under Section 276C. Here’s what you must know to file accurate returns and avoid legal trouble. New ITR Rules: Penalty for False Deductions and Incorrect Returns From […]
Read More26 Jun, 2025
Delhi HC Quashes Customs Order After 15-Year Delay: No Excuse in ‘Call Book’ Entry Focus keyphrase: 15-year delay customs case In a significant ruling for Indian importers and tax professionals, the Delhi High Court quashed a final adjudication order in a customs case delayed by 15 years, stating that mere placement in the ‘call book’ […]
Read More26 Jun, 2025
GST on Ride-Hailing Apps: Karnataka AAR May Recall Namma Yatri Ruling Summary The Karnataka AAR is reconsidering its earlier ruling that imposed GST on Namma Yatri, a non-profit ride-hailing app. This could have wide implications for how auto rides are taxed across India. The focus keyphrase GST on ride-hailing has stirred fresh debate after the […]
Read More26 Jun, 2025
Summary Foreign clients don’t always mean zero GST. Under Indian GST law, intermediary services to overseas clients are not exports and attract 18% GST. Here’s what businesses need to know to avoid surprises. GST on Intermediary Services: Foreign Earnings Still Taxable Many Indian service providers assume that working with foreign clients automatically qualifies them for […]
Read More26 Jun, 2025
FDR Interest Eligible for 80P Deduction A Win for Co-op Societies In a major relief to cooperative societies, the Income Tax Appellate Tribunal (ITAT) recently ruled that interest earned on Fixed Deposit Receipts (FDRs) is eligible for deduction under Section 80P of the Income-tax Act, 1961. The verdict granted a tax relief of ₹10.14 lakh […]
Read More26 Jun, 2025
ITAT Quashes ₹1.26Cr Addition No Need to Prove ‘Source of Source’ for Pre-2013 Loans In a major relief to taxpayers, the Income Tax Appellate Tribunal (ITAT) recently ruled that borrowers need not establish the source of source for genuine unsecured loans taken before June 1, 2013. The ruling came while deleting an addition of ₹1.26 […]
Read More26 Jun, 2025
Call Centers Providing Direct Services Are Not Intermediaries CESTAT Ruling Explained The Central Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that call centers offering direct services to foreign clients are not considered “intermediaries” under Indian service tax law. This judgment is crucial for BPOs and IT-enabled service exporters who often face service tax […]
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