Posted inBlog Understanding Section 16(2)(c) of the CGST Act and the Input Tax Credit DisputeExplore the legal disputes surrounding Section 16(2)(c) of the CGST Act, 2017, focusing on supplier defaults, buyer ITC claims, and judicial rulings. Posted by Prasenjit Bhowmik September 27, 2026
Posted inBlog Understanding the Complete GST Compliance Cycle and Key Legal RulingsExplore the comprehensive Goods and Services Tax compliance cycle, covering registration, input tax credit, returns, enforcement, and recent rulings. Posted by Prasenjit Bhowmik September 27, 2026
Posted inBlog Complete Guide to GST Input Tax Credit Eligibility and ComplianceLearn the essential rules for GST input tax credit eligibility, Section 16 conditions, GSTR-2B reconciliation, and blocked credits. Posted by Prasenjit Bhowmik September 27, 2026
Posted inBlog Gujarat High Court Refers 120-Day Seized Cash Release Under Section 132B to Larger BenchThe Gujarat High Court has referred the crucial question regarding the mandatory 120-day release of seized cash under Section 132B to a larger bench. Posted by Prasenjit Bhowmik September 27, 2026
Posted inBlog Section 14A Disallowance: ITAT Mumbai Rules Taxpayer Cannot Be Bound By Excess Suo Motu CalculationDiscover the ITAT Mumbai ruling on Section 14A disallowance, stating that taxpayers are not bound by an excess suo motu disallowance in their return. Posted by Prasenjit Bhowmik September 26, 2026
Posted inBlog CCPA Fines JioMart Over Unregistered Herbicide ListingsThe CCPA penalizes JioMart five lakh rupees for listing unregistered Cyclosinone herbicides and mandates a comprehensive self-audit. Posted by Prasenjit Bhowmik September 26, 2026
Posted inBlog ICMAI Makes Capacity Building Training Optional for Practicing Cost AccountantsDiscover the latest update from ICMAI as mandatory capacity building training becomes optional for practicing cost accountants effective July 2026. Posted by Prasenjit Bhowmik September 26, 2026
Posted inBlog ICSI Requests Company Secretaries Inclusion for DGFT E-Commerce Compliance CertificationICSI seeks the inclusion of Company Secretaries under Clause 9.06 for compliance certification within the DGFT cross-border e-commerce framework. Posted by Prasenjit Bhowmik September 26, 2026
Posted inBlog ITAT Mumbai Rules on Section 68 Share Premium Additions Using Investor EvidenceITAT Mumbai deletes Section 68 share premium additions following verified investor evidence and confirms the post-2013 proviso is not retrospective. Posted by Prasenjit Bhowmik September 26, 2026
Posted inBlog ITAT Mumbai Rules Bank Passbook Alone Cannot Sustain Section 68 Cash Credit AdditionsDiscover how the Mumbai ITAT deleted a substantial tax addition, ruling that bank passbook entries alone cannot justify Section 68 or 69A additions. Posted by Prasenjit Bhowmik September 26, 2026