Posted inBlog
High Court Overturns GST Demand Order Over Procedural Failures
High Court overturns a GST demand order, emphasizing the need for tax authorities to reconcile transitional credit claims with GSTR-2A data.
Posted inBlog
Tribunal Clarifies CSR Donations Remain Eligible for Section 80G Tax Deductions
Discover how the ITAT ruling confirms CSR donations are eligible for Section 80G tax deductions, clarifying tax relief for businesses.
Posted inBlog
Madras High Court Limits GST Registration Suspension Powers
Madras High Court limits GST registration suspension, ruling authorities need specific grounds, not blanket action, during cancellation proceedings.
Posted inBlog
Pune ITAT Caps Contract Profit Estimation at 8%, Providing Significant Relief to Taxpayers
The Pune bench of the Income Tax Appellate Tribunal (ITAT) delivered a landmark ruling this week, declaring that an 18% net profit estimation on contract receipts is excessive without concrete…
Posted inBlog
Gujarat AAR Rules Fresh Isabgol Seeds Exempt from GST
Clarifying Tax Liability for Agricultural CommoditiesThe Gujarat Authority for Advance Ruling (AAR) has officially clarified that Psyllium seeds, commonly known as Isabgol, are exempt from the Goods and Services Tax…
Posted inBlog
GST Annual Compliance Review 2025-26: Critical Deadlines and Strategic Rectification
As the fiscal year 2025-26 approaches its close, businesses operating in India face a critical window to rectify Goods and Services Tax (GST) reporting discrepancies before the statutory deadline of…
Posted inBlog
New Tax Regime AY 2026-27: Maximizing Exemptions for Salaried Employees
Understanding the Evolving Tax LandscapeAs the Assessment Year (AY) 2026-27 approaches, salaried employees in India must navigate the complexities of the New Tax Regime under Section 115BAC. While this regime…
Posted inBlog
Supreme Court Rules Fantasy Sports Subject to GST, Clarifying Betting Classification
The Ruling and Its ScopeThe Supreme Court of India has delivered a landmark verdict upholding the imposition of Goods and Services Tax (GST) on online fantasy sports platforms, ruling that…
Posted inBlog
ITAT Rules BSNL VRS Compensation Fully Exempt from Income Tax
In a significant legal victory for thousands of former employees, the Income Tax Appellate Tribunal (ITAT) ruled this week that compensation received under the Bharat Sanchar Nigam Limited (BSNL) Voluntary…
Posted inBlog
The Taxability of Standing Timber: Navigating GST Implications in Forest Auctions
Understanding the Tax Status of Forest AuctionsThe Goods and Services Tax (GST) landscape for forest auctions has undergone significant clarification, with tax authorities and judicial bodies increasingly focusing on the…