News

Tax Guru1h
Simplification of procedures related to Air Cargo Movement & Transhipment
(a) To expedite the process and as a compliance reduction measure, the Transshipment Permit fees of Rs. 20/- is being ...
Tax Guru4h
MCA imposes penalty for delay in filing SBO declaration (BEN-1)
A penalty has been imposed under Section 90 (1) read with Section 90 (10) for the delay in the SBO declaration (BEN-1). While ...
Tax Guru5h
Lack of Charitable Intent in Capitation Fee Collection: ITAT denies Section 11 Exemption
Thus the Tribunal’s finally ruled that the collection of capitation fee defeats the purpose of charity, & the trust is not ...
Tax Guru6h
MEXC Strengthens Reserve Backing with $390M Asset Increase
The latest data shows notable growth in Bitcoin and Ethereum holdings, with reserves increasing by 1,649.72 BTC and 21,264.46 ...
Tax Guru5h
Women in Workforce: Role of Labour Laws in Ensuring Gender Equality
Awareness and sensitization play a crucial role in fostering gender-inclusive workplaces. Employers must ensure training ...
Tax Guru50m
HC Quashes GST Demand over turnover attributed to two firms sharing same PAN
According to submissions made during the proceedings, the petitioner firm, Jindal Communication, registered under the GST Act since October 15, 2019, operates in the business of telephone sets and SIM ...
Tax Guru57m
Adjudication Under CGST Section 74 Must Clearly Establish Fraud or Misstatement
2. This is a writ petition under Article 226 of the Constitution of India wherein the writ petitioner is aggrieved by the order dated February 21, 2025 (Ref. No.ZD0902252997022) passed by the ...
Tax Guru1h
Assignment of Long-Term Leasehold Rights Not Taxable Under GST: Gujarat HC
Alfa Tools challenged this notice, arguing that the transfer of leasehold rights does not fall under the definition of “supply” as per Section 7 of the CGST Act. Their counsel cited a recent judgment ...
Tax Guru1h
Writ petition not maintainable when alternate remedy of GST appeal not exercised
The Madras High Court addressed a writ petition filed by D. Justin Kumar challenging an order issued by the Assistant Commissioner of CGST and Central Excise. The petitioner’s counsel argued that the ...
Tax Guru2h
How Small Businesses Can Optimize Tax Benefits Under Indian Taxation
In India, small and medium enterprises are the economy’s backbone. As more of them get formalized, tax has become a duty and a privilege. However, most MSMEs and small businesses do not take advantage ...
Tax Guru1h
GST Assessment Order Invalid if passed Without Issuance of Rule 142(1A) Notice
The Andhra Pradesh High Court addressed a writ petition filed by Satyanarayana Medical Distributors, challenging a common assessment order under the Goods and Services Tax Act, 2017. The petitioner ...
Tax Guru2h
Difference between an Act and a Rule
An Act is a law that is passed by the Parliament (or State Legislature). It lays down the basic framework or primary law on a subject. Think of it like the blueprint or foundation of a building. The ...