The Himachal Pradesh High Court recently observed that Rule 86B of the Central Goods and Services Tax (CGST/HPGST) Rules, 2017, which restricts use of Input Tax Credit ( ITC )…
In a recent ruling regarding mismatch in the claim of Input Tax Credit (ITC) as per Form GSTR-3B and the auto-populated GSTR-2A, the Madras High Court directed the Petitioner to…
The Goods and Services Tax (GST), introduced in India on July 1, 2017, marked a significant overhaul of the indirect taxation system in the nation. By consolidating various central and…
Top Stories Rulings on Disallowance of Interest under Income Tax Act This Case Digest provides an analytical summary of judgments and observations related to the disallowance of interest under Income…
In a recent ruling, the Delhi High Court held that income tax on house property should be assessed by the person who actually receives or benefits from the income, rather…
Top Stories Seeking Adjournment against a GST Show-Cause Notice [Find Draft Format Here] Did you recently receive a GST Show-Cause Notice from the Department? Read on to know all about…
Top Stories Budget 2025-2026: CBIC releases FAQs w.r.t. Indirect Tax Amendment The purpose of these FAQs is to elucidate important indirect tax amendments By Eeva Mary Sanil - On February…
The Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025 on February 1st, 2025, at 11:00 AM in Parliament, marking her 8th consecutive budget under the Modi Government 3.0.This year’s…
Top Stories FM Nirmala Sitharaman proposes Income Tax Exemption to Withdrawals from National Savings Scheme in Budget 2025 The changes are aimed to provide greater predictability to multinational enterprises to…
Top Stories Budget 2025: TDS limit on Dividend Income from Mutual Funds Increased to 10,000 The Union Budget 2025 has brought relief to mutual fund investors by doubling the TDS…