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The Madras High Court has ruled that the Tamil Nadu Housing Board (TNHB) is not authorised to collect any additional GST from flat purchasers after they have already paid the full cost of the flat, which includes the GST amount specified in the agreements and advertisements. Justice D Bharatha Chakravarthy gave the ruling while permitting […]
A batch of Special Leave Petitions filed by the Assistant Commissioner of Central Taxes has been dismissed by the Supreme Court of India, refusing to interfere with the Andhra Pradesh High Court’s decision, which clarified the availability of GST ITC refunds in cases of mismatches in the tax credit ledger. The applicant, Gemini Edibles and […]
In the absence of a valid show cause notice and the denial of an opportunity to be heard, the Bombay High Court has quashed the Goods and Services Tax (GST) refund recovery. Under the GST regime, Power Engineering (India) Pvt. Ltd. is a registered EOU and is in the business of production and export of […]
The revised Form ITR-U under Notification No. 49/2025, published in the Official Gazette, has been notified under the Central Board of Direct Taxes (CBDT). The new form replaces the earlier version of ITR-U found in Appendix II of the Income-tax Rules, 1962. The updated Income tax return form, applicable u/s 139(8A) of the Income-tax Act, […]
For the GST refund filing process, GSTN has announced an update under the category “On account of Refund by Recipient of Deemed Export”, aimed at easing the process and rectifying the taxpayer’s experience. Main Key Highlights Here are some important key highlights of GST refunds for recipients of deemed exports:- Compulsory GST Return Filing Taxpayers […]
GSTN has announced an important update in several areas to make easy GST refund filing process easier in the following categories- Key Highlights Here are the major key highlights of the GST refund filing process in different categories:- Tax Compliance Pre-filing All pertinent GST returns (GSTR-1, GSTR-3B, etc.) are to be filed up to the […]
CBDT has asked income tax officials to track advance taxpayers and identify fake claims of exemptions and deductions in order to improve direct tax collections in the current fiscal year. The central action plan (CAP) for 2025-26 has been issued via the Central Board of Direct Taxes, the policy-making body for the department, which guides […]
The Delhi High Court has recorded the ‘harrowing experience‘ of a widow being required to seek a GST refund from the tax department. The firm’s GST registration, owned by her now deceased husband, was cancelled on his death. Though his widow asked for a refund of Rs 10,45,793 in the electronic cash ledger of the […]
For the taxpayers, along with Indian residents and NRI’s the option to get a Nil TDS certificate has been removed by the proposed income tax bill 2025. For both Indian taxpayers and non-residents, including non-resident Indians (NRIs), the proposed new Income Tax Bill 2025 seems to remove the concept of a “nil TDS” certificate by […]
