Jammu and Kashmir News, GST Recent News - 2025 In a significant move against tax fraud, the State Taxes Department in Udhampur has uncovered a fraudulent Input Tax Credit (ITC)…
SC Allows Use of ITC for Mandatory Pre-Deposit Under GST
Supreme Court, GST Case Updat In a groundbreaking decision, the Supreme Court has upheld the Gujarat High Court's ruling that allows businesses to use their Electronic Credit Ledger (ECL) balance…
Govt Launches Digital Platform for Trade Remedy Document Submissions
Customs New The government is building a digital platform to allow electronic submission of documents in trade remedy investigations. This move aims to improve transparency, efficiency, and access for all…
Tax Arrears: State GST Department Cracks Down on Defaulters
The State Goods and Services Tax (GST) department has launched a strict crackdown on businesses and traders who failed to clear their tax arrears. As a first step, the Economic…
🚀 DPIIT Approves Startups for Tax Relief Under Revised Section 80-IAC Framework
By Author / May 16, 2025Source: DPIIT, CBDT Press Release ✅ 187 Startups Approved for Tax Exemption The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187…
📢 Attention: GSTN’s Important Advisory on Reporting Values in Table 3.2 of GSTR-3B
By Author / May 16, 2025Category: GSTN Advisory – 2025 The Goods and Services Tax Network (GSTN) issued Advisory No. 604 on May 16, 2025, regarding the reporting of values…
Appellate Authority Has No Power to Condone Delay Beyond One Month Under GST Act
By Author | May 17, 2025 | GST Judgments Overview The Hon’ble Rajasthan High Court, in Akshansh Consultancy Services (P.) Ltd. v. Deputy Commissioner [D.B. Civil Writ Petition No. 2957…
MCA notifies the Companies (Indian Accounting Standards) Amendment Rules, 2025
The MCA vide Notification No. G.S.R. 291(E). dated May 07, 2025 notifies the Companies (Indian Accounting Standards) Amendment Rules, 2025.
Since Covid-19 pandemic, around half a million trusts added to PAN data
Nearly 500,000 additional permanent account number (PAN) allotments have been made to trusts between March 2019 and March 2025. Allotments to trusts rose from 847,834 in 2019 to 1.3 million…
ITR Filing 2025: Key Changes in ITR Forms 1 to 5 for FY 2024–25
By Author / May 7, 2025Income Tax Recent News - 2025 New ITR Forms Notified for FY 2024–25 The Income Tax Department has notified ITR forms 1, 2, 3, 4,…