23 Jun, 2025
Intro:Facing TDS credit denial even when you’ve declared the income correctly and submitted valid proofs? Many Indian taxpayers struggle with this frustrating issue during ITR processing. Let’s break down why it happens and how you can fix it, based on the latest ITAT Mumbai ruling. What Happened in This ITAT Case? Recently, the Income Tax […]
Read More23 Jun, 2025
FM to Review Income Tax Disputes Backlog for Early Resolution Meta Description:FM to review income tax disputes to speed up resolutions. Know how this impacts pending cases and taxpayers in India. Introduction FM to review income tax disputes backlog this Monday, aiming to fast-track resolutions and ease the burden on taxpayers and the Income Tax […]
Read More23 Jun, 2025
Taxpayer Willing to Pay GST Dues Key Takeaway The Court accepted the taxpayer’s willingness to clear pending GST dues and interest, and condoned the delay in filing for revocation. This judgment reinforces the principle that bona fide taxpayers deserve fair consideration. Background of the Case Orissa HC’s Ruling The High Court held:✅ If a taxpayer […]
Read More23 Jun, 2025
Income Tax Job Fraud Case — What Happened? The focus keyphrase Income Tax Job Fraud refers to a recent case before the Allahabad High Court where an accused involved in an alleged fake job scam was granted bail. The Court made it clear that granting bail does not mean the allegations are true or false […]
Read More23 Jun, 2025
Introduction Non-Consideration of Credit Note during GST assessment can cost businesses dearly. Recently, the Karnataka High Court quashed a GST order where the department ignored valid credit notes and supporting proofs. This blog explains the case, its implications, and practical tips to avoid similar disputes. Background: What Triggered the Dispute? Key Highlights of Karnataka HC […]
Read More23 Jun, 2025
Introduction Sawant-headed GoM meets to analyse state GST trends and recommend ways to plug revenue leakages. The Group of Ministers (GoM) plays a vital role in advising the GST Council on state-wise collections, policy tweaks, and compliance measures. Why Was the GoM Meeting Held? The Goa Chief Minister, Pramod Sawant, chairs this GoM, constituted to […]
Read More23 Jun, 2025
DRI Customs Duty Evasion What Happened? The Directorate of Revenue Intelligence (DRI) recently arrested a 31-year-old trader from Mumbai for evading customs duty worth ₹42 crore. The trader allegedly under-declared the value of 3,630 metric tonnes of inshell walnuts imported from Chile. This major seizure highlights how undervaluation and false declarations can trigger severe penalties […]
Read More23 Jun, 2025
Export Cargo Facilities on Ports Finance Ministry’s Push The Finance Ministry’s pitch to improve export cargo facilities on ports comes as a timely boost for India’s trade competitiveness. In its latest policy move, the Ministry emphasised modern customs, streamlined cargo handling, and better port connectivity — all aimed at faster exports and lower compliance costs. […]
Read More23 Jun, 2025
Gujarat GST Detects Major Tax Evasion in MGNREGA In a recent crackdown, Gujarat GST officials detected tax evasion of over ₹45 crore linked to Central Government schemes like MGNREGA in Dahod and Gir-Somnath districts. This discovery highlights how loopholes in scheme implementation can lead to revenue losses, and why strict GST compliance is critical for […]
Read More23 Jun, 2025
Introduction Recently, the State GST dept detected Rs 45cr tax evasion by four contractor firms involved in civil works. This action highlights the Revenue Department’s tightening surveillance on bogus billing and fake input tax credit (ITC) claims. How the Rs 45cr GST Evasion Happened According to official sources: Reference: Similar fake billing rackets have been […]
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