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The Income Tax Department has rolled out new tools to enhance transparency and compliance in recent years. These include the Annual Information Statement (AIS) and the Taxpayer Information Summary (TIS). While they are useful for reducing mismatches between taxpayer disclosures and third-party data, they have their own issues. Taxpayers often face confusion from the mismatched […]
Finance Minister Nirmala Sitharaman announced that from November 1, 2025, the government will roll out an easier GST registration system that provides automatic approval in three working days for most new applicants. The objective of this initiative under the GST 2.0 reforms package approved by the GST council is to facilitate compliance and reduce human […]
A taxpayer cannot overlook an order passed against it and uploaded on the GST portal, just because a copy of the order was allegedly illegible, the Delhi High Court stated. Hence, a division bench of Justices Prathiba M. Singh and Shail Jain denied condoning the delay of the taxpayer in submitting the appeal against a GST […]
Bombay High Court ruled on 14th October that a company’s GST returns cannot be disclosed under the RTI Act. The Aurangabad bench, single-judge Justice Arun Pednekar, stated that section 158(1) of the GST Act restricts the disclosure of information of GST returns to third parties and that section 8(1)(j) of the RTI Act also exempts […]
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 […]
For most of the day, the Goods and Services Tax Network (GSTN) portal has been down. It became an issue as thousands of businesses in India use it to file their monthly tax papers, particularly GSTR-1 forms. Tax professionals have observed that the Goods and Services Tax (GST) portal, which is managed by Infosys, has […]
The GST council, in its forthcoming 57th GST meeting, may focus on additional revisions to facilitate the procedure and policies. In the next meeting of the GST council, the process of registration, refund, and audit can be facilitated, a Finance Ministry official stated. The latest provisions for direct taxes in the Finance Bill are directed […]
If a notice regarding Goods and Services Tax (GST) is sent to an outdated address after a person’s registration has been cancelled, such notice is deemed invalid, the Bombay High Court has recently ruled. The court further stated that making decisions based on a notice not properly served violates fair legal practices. Dipak Metal Industries, […]
The Raipur ITAT has refused an appeal associated with a tax penalty under Section 271(1)(b) of the Income Tax Act. This judgment arrived after the appellant, who appealed, decided to fix their tax issues via the Direct Tax Vivad Se Vishwas Scheme, 2024. Rakesh Kumar, resident of Bhilai, has submitted the appeal against the order […]
