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In May 2025, India collected ₹2.01 lakh crore in Goods and Services Tax (GST). This amount is 16.4% higher than the ₹1.72 lakh crore collected in May 2024, according to the Ministry of Finance. This increase shows that the country’s economy is growing and more businesses are paying taxes. Surging by 12.6 per cent, Rs […]
The Gujarat High Court favoured a ruling in the case of Ajay Industries, a partnership firm engaged in the manufacturing and sales of cottonseed oil, in a matter of the refund of unutilized Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime. The case is concerned with the firm’s claim of a […]
The Allahabad High Court has made a significant ruling regarding minor clerical errors in documentation related to the Goods and Services Tax (GST). The court determined that discrepancies such as a one or two-digit mismatch in GST invoices or on the GST e-way bill should not serve as grounds for initiating legal proceedings under Section […]
In the country, there would be implications for the businesses, the Supreme Court kept a Gujarat High Court decision that permits the companies to makes obligatory 10% pre-deposit through the Electronic Credit Ledger (ECL), which includes accumulated input tax credit (ITC), for filing an appeal under the Goods and Services Tax law. In the case […]
The Kerala Tax Department has released GST Circular No. 12/2025, which amends Circular No. 5/2023 to streamline the waiver of interest or penalty under Section 73 for the fiscal years 2017-18, 2018-19, and 2019-20. This change, based on the advice of the 53rd GST Council, defines which officer is responsible for processing waiver petitions based […]
The Central Board of Direct Taxes (CBDT), which is part of the Ministry of Finance, has announced new changes to the income tax rules. This announcement, known as the Income-tax (Seventeenth Amendment) Rules, 2025, was made on May 7, 2025, through Notification No. 45/2025. The formats of ITR-V (Verification Form) and ITR-Acknowledgement under Rule 12 […]
The Delhi High Court ordered the unblocking of an enterprise’s electronic credit ledger after one year since its initial blocking. In doing so, a division bench of Justices Prathiba M. Singh and Rajneesh Kumar Gupta mentioned Rule 86A of the CGST Rules, 2017, which specifies the conditions of use of the amount available in the […]
In April 2025, the revenue from the Goods and Services Tax (GST) hit an all-time high of ₹2.37 lakh crore. This figure represents a growth of 12.6% compared to the same time last year, based on information from the central government. This outperformed the previous second-highest collection of Rs 2.10 lakh crore recorded in April […]
Calcutta High Court, the GST registration cancellation and rejection of revocation applications are explained since the premises were not discovered. As per that, writ petition dismissed. Key Facts Under the West Bengal Goods and Services Tax Act, 2017, the petitioner became a registered dealer effective July 1, 2017, and performed the business activities during F.Y. […]
