25 Jun, 2025
TDS on Business Trusts: What the 2025 Income Tax Bill Changes The TDS on business trusts has been redefined under the Income Tax Bill, 2025, bringing clarity to taxation of income distributed by REITs and InvITs. These changes aim to streamline the framework and align it with global best practices, especially for real estate and […]
Read More25 Jun, 2025
ITAT De Novo Proceedings Deferred Revenue Must Be Substantiated The Income Tax Appellate Tribunal (ITAT) recently ordered de novo proceedings after finding that the assessee failed to justify the treatment of deferred revenue in the Profit & Loss account. This case highlights a critical aspect of income recognition and accounting compliance under the Income Tax […]
Read More25 Jun, 2025
Parallel Proceedings Are Not Permissible in the GST Regime The concept of parallel proceedings in GST has become a critical topic as taxpayers face inquiries from multiple wings—like DGGI and State GST—at the same time. However, courts across India have made it clear: parallel proceedings are not permissible in GST unless exceptional circumstances exist. Let’s […]
Read More25 Jun, 2025
GST Section 161 Rectification What Madras HC’s Ruling Means for Taxpayers Under GST law, Section 161 of the CGST Act allows rectification of errors in decisions or orders by authorities. But what if your application is dismissed without proper consideration? This blog breaks down the issue, ruling, and practical takeaway, especially for taxpayers and consultants […]
Read More25 Jun, 2025
NEFT vs RTGS What Every Indian Should Know If you’ve ever transferred money online, you’ve seen the options: NEFT or RTGS. But what’s the real difference between NEFT vs RTGS? Choosing the wrong one could delay your payment—or cost you more. This blog simplifies both systems so you can transfer money smartly and confidently. What […]
Read More25 Jun, 2025
How to Install emSigner Utility for GST Portal A Detailed Walkthrough If you want to register your Digital Signature Certificate (DSC) on the GST Portal, you’ll need to install the emSigner utility first. This tool is essential for validating your DSC during registration, return filing, or refund applications. In this guide, we explain how to […]
Read More25 Jun, 2025
12% GST Bracket to End by March 2026 What It Means for You The 12% GST bracket is set to be eliminated by March 2026, as per the government’s ongoing efforts to simplify India’s GST rate structure. Most goods and services under this slab will likely be moved to the 5% GST rate, easing tax […]
Read More25 Jun, 2025
Govt Plans CGST Act Amendment for Ride-Hailing Apps The government is considering amending the CGST Act to standardize tax treatment for ride-hailing apps like Ola and Uber, as per recent official sources. The move aims to fix long-standing anomalies and ensure tax consistency for aggregators across sectors. Currently, Goods and Services Tax (GST) applies differently […]
Read More25 Jun, 2025
CBIC Clarifies Appeal Rules for DGGI’s Common Adjudicating Authorities In a significant move for GST litigation procedures, the CBIC has issued a clarification on Common Adjudicating Authorities (CAA) under the Directorate General of GST Intelligence (DGGI), focusing on review, revision, and appeal processes for adjudication orders. This clarification aims to streamline legal procedures and ensure […]
Read More24 Jun, 2025
Madras HC on GST liability admission A recent Madras High Court order has reaffirmed a vital principle: once a GST taxpayer admits their tax liability in a written reply, they cannot later challenge the same through a writ petition. This blog explains the ruling, its legal basis, and practical steps taxpayers should take to avoid […]
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