The CentralBoard of Indirect Taxes and Customs (CBIC) has issued the second set of Frequently Asked Questions (FAQs) providing clarity on GST rate changes and slab restructuring recommended by the 56th GST…
A major consumer scam has been flagged following the rollout of the GST 2.0 rate revisions effective 22 September 2025. Retailers may mislead buyers with claims such as “This is…
The Income Tax Department has uncovered a massive gold laundering racket worth nearly Rs. 20,000 crore during raids on leading bullion firms in Telangana and Andhra Pradesh. The crackdown exposed…
In a dramatic turn of events that has sent shockwaves through India's corporate corridors, the Income Tax Department launched its most extensive investigation into a consumer goods company this decade,…
Taxpayers often face confusion over the rate of GST applicable when goods sold at one tax rate are returned after a subsequent reduction. The question commonly arises whether the revised…
In a recent ruling, the Supreme Court of India affirmed that auction proceeds from abandoned or unclaimed cargo cannot be taxed as storage or warehousing services, and it rejected the…
The High Court of Chhattisgarh granted bail to the applicant in a case involving alleged fake Input Tax Credit (ITC) claims of over ₹40 crore under the Central Goods and…
The Ministry of Corporate Affairs (MCA), Government of India, through Office Memorandum No. 01/5/2025-PI/MCA dated 17 September 2025, has invited public comments on the establishment of Indian Multi-Disciplinary Partnership (MDP) firms. The…
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the cash deposit addition of ₹25.25 lakh for an illiterate agriculturist, accepting the deposits as redeposits from his own accounts.…
The Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax (Third Amendment) Rules, 2025, vide Notification No. 13/2025-Central Tax dated 17 September 2025. The…