Demand Order of Sec 74 Quashed: Supply from SEZ Unit to DTA is treated as import for DTA unit , Proper Adjudication Required Summary in Key Points: Issue: Was the demand order valid, given that it ignored the IGST paid by the petitioner, an SEZ unit, and did not follow the proper adjudication process under… Read More »
GST Interest and Penalty Order Set Aside: Excess ITC Already Reversed Summary in Key Points: Issue: Was the order levying interest and penalty valid, given that the disputed excess Input Tax Credit (ITC) had already been reversed? Facts: The petitioner filed GST returns and paid taxes. The department noticed a mismatch between GSTR-3B and GSTR-2A,… Read More »
GST Registration Cancellation Revoked on Deposit of All Outstanding Dues: Delay in Revocation Application Condoned Summary in Key Points: Issue: Should the delay in filing the application for revocation of GST registration cancellation be condoned? Facts: The assessee’s registration was cancelled. The assessee filed a revocation application, but there was a delay. The assessee was… Read More »
Challenge to Section 16(2)(c) of GST Act: Coercive Action Stayed Summary in Key Points: Issue: Is Section 16(2)(c) of the GST Act, which denies ITC to a recipient if the supplier fails to pay tax, constitutionally valid? Facts: The petitioner challenged the validity of Section 16(2)(c), arguing that it unfairly penalizes bona fide purchasers who… Read More »
Income-tax Bill, 2025, tabled in Parliament today towards achieving comprehensive simplification of the Income-tax Act, 1961 Posted On: 13 FEB 2025 3:54PM by PIB Delhi The Income-tax Bill, 2025 was tabled in Parliament today, marking a significant step toward simplifying the language and structure of the Income-tax Act, 1961. The simplification exercise was guided by three core principles:… Read More »
NEW GST Registration Process: Aadhaar Authentication Scenarios Here’s a breakdown of the GST registration process depending on whether Aadhaar authentication is chosen: Scenario 1: Aadhaar Authentication NOT opted for Online Application: Complete Part A and Part B of the GST registration application (Form REG-01) on the GST portal. Crucially, select “NO” for Aadhaar authentication. Email… Read More »
Advisory for GST Registration Process (Rule 8 of CGST Rules, 2017) Feb 12th, 2025 Dear Taxpayer, In line with recent developments in the GST registration process, applicants must adhere to the following steps as per Rule 8 of the CGST Rules, 2017: [ refer No. 09/2025-Central Tax : CGST Rules 2024 enforced from 11 Feb… Read More »
Procedure for E-way Bill Generation by Unregistered Persons Step 1: Enrolment on the Common Portal The provision in Rule 138 of the Central Goods and Services Tax Rules, 2017, requiring unregistered persons to generate e-way bills was implemented on 11th February 2025, according to Refer No. 09/2025-Central Tax : CGST Rules 2024 enforced from 11… Read More »
No. 09/2025-Central Tax : CGST Rules 2024 enforced from 11 Feb 2025 and 1st April 2025 According to the information provided in the notification, the following sections are implemented: Rule 2: This rule amends Rule 8 of the Central Goods and Services Tax Rules, 2017, by inserting a second proviso. The new proviso requires individuals… Read More »
New INCOME TAX SLAB RATES AS PER FINANCE BILL 2025 New Income Tax Bill 2025 Download As Introduced in Parliament Rate in New Tax REgime Clause 202 of the Income-tax Bill, 2025 outlines the income tax rates for certain individuals, Hindu undivided families, associations of persons, bodies of individuals, and artificial juridical persons. These rates… Read More »