A Comprehensive Case Analysis of Gift Tax
Top Stories A Comprehensive Case Analysis of Gift Tax Section 56(2)(vi) of the Income Tax Act lays out the tax regulations pertaining to the exchange of gifts. By Yogitha S.…
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Unlocking GST: Understanding the E-Way Bill Requirement for Imported Goods [Find Draft Reply Format Here]
Top Stories Unlocking GST: Understanding the E-Way Bill Requirement for Imported Goods [Find Draft Reply Format Here] The Gujarat HC in a Recent case held that if IGST is already paid,…
Rule 86B of CGST Rules limiting discharge of Output Tax Liability through ITC in Electronic Credit Ledger Ultra Vires HPGST Act: Himachal Pradesh HC [Read Order]
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 )…
Madras HC directs Payment of 10% Disputed Tax and Reverification on ITC Mismatch between GSTR-3B and GSTR-2A [Read Order]
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…
Staying GST Recovery Proceedings awaiting Formation of GSTAT (Find Draft Request Format Here)
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…
Rulings on Disallowance of Interest under Income Tax Act
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…
Income Tax on House Property should be Paid by Person who Benefits from Income, not just Registered Owner: Delhi HC [Read Order]
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…
Seeking Adjournment against a GST Show-Cause Notice [Find Draft Format Here]
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…
Budget 2025-2026: CBIC releases FAQs w.r.t. Indirect Tax Amendment
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…
[BREAKING] Budget 2025: Income Tax Dispute Resolution Panel to have Delayed Implementation of Faceless Scheme
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…