Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Chandigarh Chartered Accountants Taxation Association (CCATAX) has reached out to the Central Board of Direct Taxes (CBDT) to request an extension on the deadline for filing income tax returns and completing tax audits for the financial year 2025-26. Data mismatches between AIS and Form 26AS, server crashes, session timeouts, etc, are the problems that […]
Many businesses at the end of the fiscal year make bulk purchases in March to optimise their GST outflow, though experts caution that the same method can backfire. The input tax credit under the Goods and Services Tax regime is decided from the receipt date of goods or services rather than the payment or invoice […]
The Bombay High Court has ruled that notifications related to the Reverse Charge Mechanism (RCM) that deny Input Tax Credit (ITC) to service providers are legally acceptable. The court stated that these decisions do not violate the rights guaranteed by articles 14 and 19(1)(g) of the Constitution, which are designed to ensure equality and the […]
On Wednesday, August 20, 2025, Finance Minister Nirmala Sitharaman is set to address an important meeting with a group of state ministers. During this meeting, she will advocate for significant reforms to the Goods and Services Tax (GST). These proposed changes aim to lower tax rates, which could subsequently result in reduced prices for commonly […]
The Rajasthan Commercial Taxes Department has issued Circular No. F.17 (134) ACCT/GST/2017/547, dated August 12, 2025, directing strict verification of Input Tax Credit (ITC) claims for businesses obtaining GST registration after the prescribed 30-day period under the CGST/RGST Act, 2017. Taxpayers u/s 25 of the RGST Act should apply within 30 days from the date […]
The Gujarat High Court has decided to look into a case involving Eris Lifesciences Ltd., a pharmaceutical company. The company is challenging a demand that requires them to give back tax credits related to returned and expired medicines. The notice has been issued by the bench of Justice Bhargav D. Karia and Justice Pranav Trivedi […]
Consolidated show cause notice u/s 74 of the CGST is allowable and required to find out the fake claim of the ITC for the period, Delhi High Court ruled. A division bench of Justices Prathiba M. Singh and Rajneesh Kumar Gupta said that, “The nature of ITC is such that fraudulent utilization and availment of […]
The Madras High Court has annulled the order requiring the reversal of input tax credit (ITC) against a sole proprietor. The court has instructed the GST authorities to process any applicable refunds for amounts that have already been collected. The department reversed the input tax credit of the applicant, Rajkumar Josephshine, citing a limitation u/s […]
In a key development for India’s renewable energy and manufacturing sectors, the Tamil Nadu Authority for Advance Ruling (AAR) has determined that Kanishk Steel Industries Limited, a prominent steel manufacturer is not eligible to claim Input Tax Credit (ITC) on goods and services used solely for the operation and maintenance of its 10.2 MW solar […]
