8 IMPORTANT GST CASE LAWS 27.01.25 Sr No Case Law Title Brief Summary Citation Relevant Section and Act 1 Rakesh Kumar v. State Tax Officer Assessee granted opportunity to revoke cancellation of registration upon payment of dues. Click Here Section 30 Central Goods and Services Tax Act, 2017 2 Vaishan Traders IV v. Deputy Commissioner… Read More »
Employee of Company Can not be penalized or prosecuted for the GST Default of the Company Summary in Key Points: Issue: Whether a mere employee of a company can be penalized and prosecuted under the GST Act for actions of another company, where the employee is not a taxable person under the Act. Facts: The… Read More »
Supreme Court Upholds Bombay High Court Order Quashing Personal Penalty on Authorized Signatories Under GST Summary: The Supreme Court of India upheld the Bombay High Court’s decision to quash show cause notices issued by the Revenue department seeking recovery of Rs. 3731 Crore from authorized signatories under the GST Act. The High Court had held… Read More »
Decoding Section 194T Income Tax Act : TDS on Payments to Partners The introduction of Section 194T in the Income Tax Act, 1961, has brought about a significant change in the tax landscape for partnership firms. Effective from 1st April 2025, this section mandates Tax Deducted at Source (TDS) on certain payments made by firms… Read More »
Section 269T of the Income Tax Act : Challenges for Firms in TDS Compliance This Article provides a good overview of the challenges firms face with Section 194T of the Income Tax Act, which mandates TDS on payments to partners. Here are some key takeaways: Section 194T to come on the statute by the Finance (No.… Read More »
Grow with Google: Empowering Individuals and Businesses in the Digital Age In today’s rapidly evolving digital landscape, having the right skills and knowledge is crucial for individuals and businesses to thrive. Recognizing this need, Google launched “Grow with Google,” a comprehensive program designed to provide free training, tools, and resources to help people acquire digital… Read More »
BharatGen: India’s Generative AI Revolution India launches BharatGen, the world’s first government-funded Multimodal Large Language Model initiative. This pioneering project aims to revolutionize public services and citizen engagement using generative AI. BharatGen will develop AI models that can generate text and multimodal content in various Indian languages. This will promote inclusivity and address India’s diverse… Read More »
OpenAI Targets Enterprise AI OpenAI is expanding its offerings with new AI solutions specifically designed for businesses. This includes advanced AI agents that can automate complex tasks and provide in-depth insights for various industries, including finance and customer service. OpenAI is developing specialized AI research tools for different sectors like legal and medical. These tools… Read More »
Advisory on the Introduction of E-Way Bill (EWB) for Gold in Kerala State Jan 27th, 2025 Dated: January 24, 2025 It is hereby informed that a new option for generating E-Way Bills (EWB) for gold has been introduced in the EWB system, effective from January 20, 2025. This feature has been made available to facilitate… Read More »
Attention – Hard – Locking of auto-populated liability in GSTR-3B Jan 27th, 2025 1. Please refer to the advisory dated October 17, 2024 , regarding the restricting the editing of auto-populated liability in GSTR-3B from the January 2025 tax period. 2. However, various requests have been received from the trade seeking time for the same. Therefore, the… Read More »