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The Chhattisgarh High Court has decided that the final amount that can be charged for taxes, interest, and penalties related to the GST can’t be more than what was stated in the initial notice. The court also emphasised that no additional charges can be made beyond what is mentioned in that show cause notice. A […]
The Central Board of Indirect Taxes & Customs (CBIC), via Circular No. 254/11/2025‑GST, dated 27 October 2025, has issued fresh guidelines regarding the assignment of proper officers under Sections 74A, 75(2) and 122 of the Central Goods and Services Tax Act, 2017 (CGST Act) and the CGST Rules. Key Highlights of Circular No. 254/11/2025-GST Implications […]
The Income Tax Department has rolled out new tools to enhance transparency and compliance in recent years. These include the Annual Information Statement (AIS) and the Taxpayer Information Summary (TIS). While they are useful for reducing mismatches between taxpayer disclosures and third-party data, they have their own issues. Taxpayers often face confusion from the mismatched […]
According to a finance ministry report, the lower GST rate might assist a positive demand outlook by lowering the tax burden on consumers and businesses. But they warned that global uncertainties pose downside risks to the growth outlook. The September economic report of the ministry cited robust performance in the industries and service sector, including […]
The Delhi High Court has decided that, without a functioning Goods and Services Tax Appellate Tribunal (GSTAT), authorities cannot begin the process of recovering money from a taxpayer. This decision comes after the court clarified that taxpayers must first make the required upfront payment as outlined in the Central Goods and Services Tax Act, 2017 […]
The Hyderabad Bench of the Income Tax Appellate Tribunal recently cancelled certain tax reassessment actions that had been started for several past years, specifically from 2014 to 2019. These actions were based on specific sections of the Income Tax Act, which deals with how taxes are assessed and reassessed by the government. In simple terms, […]
Under the Ministry of Finance, the Central Board of Direct Taxes (CBDT) has issued Notification No. 155/2025, authorising the Commissioner of Income Tax, Centralised Processing Centre (CPC), Bengaluru, to exercise concurrent powers under the Income-tax Act, 1961. The Commissioner, CPC Bengaluru, under the notification, can now- Such powers apply to all cases where the orders […]
Citizens are taking an interest in installing solar panels in their residences and office spaces since the rate reduction in GST from 12% to 5% is there on renewable energy products. There is a 10% rise in the queries and a slight rise in bookings concerning solar panels, as per vendors and suppliers. People are […]
Finance Minister Nirmala Sitharaman announced that from November 1, 2025, the government will roll out an easier GST registration system that provides automatic approval in three working days for most new applicants. The objective of this initiative under the GST 2.0 reforms package approved by the GST council is to facilitate compliance and reduce human […]
