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The Jammu and Kashmir High Court has decided that the Department of Home is required to pay back the Goods and Services Tax (GST) to hotel owners. This applies to those hotel owners whose properties have been taken over to provide housing for security forces, in addition to the regular rent they receive. The petitioner, […]
The Delhi High Court noted that a GST demand raised against a taxpayer regarding availing of ITC and the utilisation case prima facie includes a double demand. The applicant has been furnished with the freedom by a division bench of Justices Prathiba M. Singh and Rajneesh Kumar Gupta to approach the Appellate Authority against such […]
At the end of the year, an indication of surged economic activity, e-way bill (EWB) generation rose to an all-time high of over 12 crore in March 2025, which specifies an influential 20% rise compared to the previous month. This marks the highest number of e-way bills issued in a single month since the system’s […]
In between the rising troubles and confusion among apartment residents, government officials cited that the Goods and Services Tax (GST) on apartment maintenance charges is not a new law. It is the current law that has been in place since 2019, and they kept it. The clarification has arrived as housing societies in the nation […]
The Jharkhand High Court has directed the department to refund ₹1,23,22,617 in GST to Tata Steel, which operates the largest steel plant in Jamshedpur, Jharkhand. The business claims the Input Tax Credit (ITC) on Compensation Cess paid for the purchase of coal, a vital raw material, under section 8(2) of the Goods and Services Tax […]
In a significant development impacting India’s audit and accounting sector, the Supreme Court (SC) has allowed the National Financial Reporting Authority (NFRA) to proceed with disciplinary cases against chartered accountants (CAs) and audit firms, even in instances where Audit Quality Review Reports (AQRRs) have not been prepared and final orders have not yet been passed. […]
The Kerala High Court mentioned that the Joint Commissioner has jurisdiction to initiate proceedings u/s 56 of the KVAT Act against the assessment order passed under remand. The Division Bench of Justices A.K. Jayasankaran Nambiar and Easwaran S. noted that “when the fresh assessment order was passed consequence to the remand, the original assessment order […]
The Karnataka High Court, citing norms on Input Tax Credit (ITC), stated that if a taxpayer makes a claim for ITC during reassessment proceedings, it cannot be disallowed merely because the claim is not beneficial to the state exchequer. It was noted by the division bench of Justices Krishna S Dixit and G. Basavaraja that […]
What is an Invoice Management System (IMS)? Businesses use the IMS system to monitor and manage their input purchases, inventory, and inward supplies efficiently. It ensures that the raw materials, consumables, and services purchased for production or business procedures are being tracked effectively. The Invoice Management System (IMS) in this case assists in ensuring the […]
