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The Allahabad High Court in Mohini Traders Vs State of U.P. and 2 Others, addressed writ petitions contesting the seizure of goods and the charge of penalties under the GST Act. The applicant, a GST-registered entity, had goods in transit from Aligarh that were intercepted on January 10, 2020, at Jalalpur. Post interception, the applicant […]
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, issued Instruction No. 30/2025 on October 13, 2025. This directive mandates that all Customs and Goods and Services Tax (GST) field formations must utilise the Online Look Out Circular (LOC) Portal for the issuance and management of Look Out Circulars. This […]
Bombay Chartered Accountant Society (BCAS) has urged the Finance Minister, through a representation, to request an extension of the statutory due date for filing the return in Form GSTR-3B and release tax liability for the month/quarter ending September 2025. Because of logistical issues on weekends and major festivals, the same request has been arrvied. Taxpayers […]
The Chhattisgarh High Court has made a significant ruling concerning Bharat Aluminium Company Limited (BALCO) regarding Input Tax Credit (ITC) on Compensation Cess related to imported coal. The court dismissed BALCO’s appeal, stating that the ITC for Compensation Cess is not permissible for electricity generated and supplied to an employee township. The judgment emphasises that […]
A revision in the GSTR-9 annual return form has been cited by a tax expert, which has a submission due date of December 31, 2025, for FY 2024-25. There is a revision in Table 6 reporting applies only to the GSTR-9 form. A notable update has been made to GSTR-9 reporting. Two new rows have […]
The updated move of the government for fast-track GST refunds has been welcomed by the healthcare and medical device industry of India. However, it asked that the next big step is to extend refund eligibility to input services as well as capital goods required to get full tax neutrality and facilitate liquidity challenges encountered by […]
Sales of specific segments of insurance policies, such as term and health covers, have surged post-GST revision coming into force dated September 22. The rise in sales is also attributed to the numbers for September came in weak. People appear to time their purchases based on a clarification from the finance ministry, which stated that […]
The Delhi High Court, to avoid duplication of GST cases, sought its Registry to add a new field for the filing of writ petitions to record DIN (Document Identification Number) and the date of the order being contested A division bench of Justices Prathiba M. Singh and Shail Jain passed the direction on marking that […]
The GST portal has been updated to enable online filing of Goods and Services Tax (GST) annual return using form GSTR-9. The reconciliation statement using the GSTR-9C form has been enabled for filing. Significantly, the GSTR-9 annual return filing due date is December 31, 2025, for FY 2024-25, implying there can be less time this […]
