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The Karnataka High Court has ordered the refund of a Rs 10 crore GST payment made by a businessman in Bengaluru. The court noted that the payment, which the GST authorities claimed was voluntary, was not voluntary. Justice S. R. Krishna Kumar passed an order dated October 13 and made public this week after the […]
The High Court of Karnataka ruled that heavy rainfall is a true reason for the income tax delay, and then it quashed the order of the commissioner. An order was contested by the petition on 24.02.2021, which was passed by the Principal Commissioner of Income Tax, who had rejected an application for the condonation of […]
The cancellation of a Goods and Services Tax (GST) registration without mentioning the mandatory date and time of the personal hearing in the show-cause notice (SCN) violates the statutory safeguard under the Karnataka Goods and Services Tax Act, 2017 (KGST Act), the High Court of Karnataka has held. Accordingly, the court set aside the cancellation […]
The CBDT has issued a new Notification No. 156/2025 [S.O. 5006(E)] giving income tax exemption to the Karnataka Housing Board under section 10(46A). Meenakshi Singh, Deputy Secretary, issues the notification which cites that the Central Government, in exercise of powers provided under sub-clause (b) of clause (46A) of Section 10, has recognised the Karnataka Housing […]
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 […]
The Karnataka High Court has clarified that not accurately reporting the correct value in tax returns or applying the appropriate Goods and Services Tax (GST) rate does not constitute suppression under Section 74 of the Central Goods and Services Tax (CGST). This ruling emphasises the distinction between honest errors and deliberate suppression in tax reporting. […]
The Karnataka High Court refused to pass an ex parte order staying the guideline issued on September 9 via the Union of India mandating the declaration of revised retail sale price (MRP), on unsold stock manufactured/packed/imported, which would come into force from September 22, in addition to the existing retail sale price (MRP). On the […]
The Karnataka garment and hosiery sector is calling for significant changes in the Goods and Services Tax (GST) structure. Industry representatives are urging the GST Council to establish a uniform 5% tax rate on apparel and hosiery products and to include petroleum products within the GST framework. They argue that the existing system of multiple […]
The recent report from the Comptroller and Auditor General (CAG) about Karnataka’s finances reveals some important issues. It showed that there were problems with how taxes were managed and enforced in various government departments. These issues led to a significant loss of revenue, totalling ₹1,260.41 crore. The findings of the report were shared in the […]
