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Income tax software is an essential tool for individuals, tax professionals, and businesses to manage their taxes efficiently. As tax laws are frequently revised and technology continues to evolve, this software must be regularly updated to remain accurate, secure, and user-friendly. Such updates carry new features that streamline filing taxes, enhance precision and support people […]
The Madras High Court’s Madurai Bench has directed the Goods and Services Tax Network (GSTN) to consider technical measures to enable a taxpayer to file pending returns, following a default caused by the accountant’s failure to file GST returns for six months. In the case of Tvl. KRM Construction contested the cancellation of its GST […]
The Comptroller and Auditor General (CAG) recently reported that the CBIC is struggling with a significant shortage of staff for its auditing teams. As of July 1, 2024, nearly 38% of the positions are unfilled. This lack of personnel is causing delays and gaps in the audits that the CBIC plans to conduct. The crucial […]
The Karnataka High Court has annulled a Goods and Services Tax (GST) appellate order issued against an education services company, directing the tax authorities to process a refund exceeding Rs 3.91 crore, which includes applicable interest. The court determined that the services provided by the company do not qualify as those of an “intermediary” under […]
The Calcutta High Court ruled that tax officers do not have the power under the Goods and Services Tax (GST) Act to seal or take away cash. As a result, the court ordered that Rs. 24 lakhs should be released immediately. Tax authorities are granted authority under Section 67 of the Central Goods and Services […]
On readymade garments and clothing accessories priced exceeding Rs 2,500 per piece, the Central Government, following recommendations of the 56th GST Council meeting, has increased the Goods and Services Tax (GST) rate to 18% from 12%. W.e.f September 22, 2025, the revised rates shall come into force, the Ministry of Finance informed the Lok Sabha. […]
The Kerala High Court has made an important ruling regarding the Central Goods and Services Tax (CGST) Act of 2017. It was determined that Section 16(5) serves as a non-obstante provision, which means it can override the time limits stipulated in Section 16(4). The Court emphasised that as long as taxpayers file their returns by […]
The applicant has sent refund requests under section 54 of the Gujarat GST Act, 2017, for several tax periods from August 2018 to January 2019. These refund requests were made within the allowed time limit set by section 54, which was extended by notifications related to the COVID-19 pandemic. Adjudicating authority rejected the refund applications […]
The Karnataka High Court has condoned the delay concerning a 60‑year‑old farmer’s application asking for a refund of tax deducted at source (TDS), holding that an incorrect TDS paid under the Income Tax Act due to ignorance of earlier deduction by the Karnataka Mineral Development Corporation (KMDC) cannot be retained by the Revenue. Murigeppa Kashappa […]
