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Till now, the ITR filers who had submitted their ITR for FY 2024-25 ( AY 2025-26) are still waiting for the tax refund. A month has passed since many taxpayers submitted their income tax returns. However, no refund has been given to all such taxpayers. This year, the procedure of refund procedure seems to be […]
The limitation for GST refund claimed under the wrong head ceases to apply from the date of correct payment, the Patna High Court has ruled. After reading Section 77 of the CGST Act, 2017, read with Section 19 of the IGST Act, Justices Rajeev Ranjan Prasad and Shailendra Singh viewed that the date of counting […]
Under the Quarterly Return Monthly Payment (QRMP) scheme, the registered taxpayers can now file refund applications for the invoices for which GSTR 3B has been filed earlier on the GST portal without encountering earlier technical problems, the Goods and Services Tax Network (GSTN) declared. On the GST Portal, a system-level validation was introduced in May […]
In the case of an income tax refund that was sanctioned with interest but paid without it, the Madras High Court directed the Income Tax Department to acknowledge and dispose of the taxpayer’s representation regarding the unpaid interest. Vinplex India Private Limited, the applicant, submitted the writ petition asking for the interest to be filed […]
There shall be a systematic verification of high-risk refund claims in income tax returns for the AY 2024-25 (financial year ending March 31, 2024), following a standard operating procedure (SOP). the purpose is to find out if the wrong refund claim has been incurred in an organized way or via a single person. As per […]
The income tax department has reminded the validation and re-validation of the bank accounts to facilitate the income tax refunds. It repeated that maintaining an updated bank account is critical, specifically in circumstances changes such as branch modifications, alterations in IFSC codes, or bank mergers. The council quoted that ignore if not applicable to you.’ […]
The refund of service tax paid on cancelled bookings of flats has been permitted by the Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT). According to Rule 66E(b)(sic) of the Service Tax Rules, 1994, in construction services, service tax is needed to be filed on the amount obtained from the buyers for […]
Delhi High Court in a significant development rendered that the National Board of Examinations ( NBE ) refund the Goods and Services Tax ( GST ) collected from candidates, citing the erroneous imposition of GST on course fees. The legal dispute emerged from notifications issued via the NBE dated January 15, 2021, February 15, 2021, […]
The Delhi High Court has ruled that denying an input tax credit (ITC) refund solely due to the absence of authenticated documents is not permissible. Justices Sanjeev Sachdeva and Ravinder Dudeja highlighted that although the petitioner had uploaded the necessary documents, the system failed to register them. Despite submitting the documents along with a response, […]
