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In a case about the rejection of the GST ITC claim due to allegations of a non-existent entity and fake invoices, the Orissa High Court mandated the parties to avail the statutory remedy and disregarded the petition. The applicant, Amit Metalics Company has contested the order on 1st July 2025 passed under section 74 of […]
Now you can save some amount while you buy your daily groceries as Mother Dairy has declared a cut in the cost of select dairy products, including milk (tetra pack), butter, ice creams, and processed foods under the Safal brand. After the reforms in GST, the rate reduction has arrived, which shall come into force […]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has exempted late fees imposed under Section 234E of the Income Tax Act, 1961, for the delayed filing of quarterly TDS (Tax Deducted at Source) returns. As per the Tribunal, when the taxpayer has deposited TDS with applicable interest, submitted all the pending quarterly returns […]
The Central Board of Indirect Taxes & Customs (CBIC) is planning to hold a meeting with various industry groups and trade organisations to talk about the recent changes in the Goods and Services Tax (GST) and how to simplify the tax rates. CBIC Chief Sanjay Kumar Agarwal has asked field formations to undertake proactive outreach […]
The Income Tax Appellate Tribunal (ITAT), Jodhpur bench, dealt with the disallowance of an Input GST claim of ₹37.92 lakh that had emerged because of an incorrect entry made by the Chartered Accountant (CA) of the taxpayer in Form 3CB. The Tribunal ruled that, as the claim had failed for the desire of external verification, […]
A two-tier tax rate structure of 5% and 18% was approved by the 56th GST Council. Union Finance Minister Nirmala Sitharaman, while announcing the new GST reforms, cited that, “We’ve reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess”. From September 22, the revised rates […]
Taxpayers can now make GST payments using the Unified Payments Interface (UPI) and debit/credit cards introduced under the Goods and Services Tax Network (GSTN). This decision is expected to ease tax compliance by offering faster, more flexible, and user-friendly payment options. In 24 States and Union Territories, including Delhi, Maharashtra, Karnataka, Gujarat, Tamil Nadu, Kerala, […]
The ITAT Mumbai Bench has ruled that payments made to foreign agents for services provided entirely outside of India do not need to be taxed in India. As a result, businesses are not required to deduct TDS from these payments. The taxpayer, Manisha Kiran Temkar, was in the international merchant trade under the name M/s. […]
The Madurai Bench of the Madras High Court, in a ruling on the applicable GST rate for a works contract completed before the 2022 rate revision, directed the department to reassess the demand based on the evidence submitted. The petitioner, V. Janarthanan, a contractor, challenged an assessment order issued under Section 74. The department raised […]
