Amendment
Hon’ble Bombay High Court (Goa Bench) in M/s. Umicore Autocat India Pvt Ltd ruled in favour of the petitioner allowing the transfer of untilised input tax credit of a Transferor company in one state to Transferee in another state.
Corrigendum dt 17.07.25 to DGFT Notif. 21/2025-26 dt 27.06.2025
Directorate General of Foreign Trade (DGFT) issued Corrigendum on 17.07.2025 to the Notification No. 21/2025-26 dated 27.06.2025 to make correction –
Article
In-Depth Analysis of Input Tax Credit under the GST Act: Section 17 – Apportionment of Credit and Blocked Credits
Author decodes the provision u/s 17 – Apportionment of credit and blocked Credit
Author decodes the provision u/s 18 – Availability of Credit in Special Circumstances
Non-Taxability of Lorry Hire Income Under GST
This article provides clarity on the non-taxability of lorry hire income under GST, backed by relevant legal provisions, notifications, and case law.
Rule 28: Value of Supply Between Distinct or Related Persons (Other Than Through an Agent)
Author shed some light on the valuation provision u/s 28 for related party transaction
Author pen down the procedure and conditions for closing proceedings u/s 128A which is effective from 01.11.2024
GSTN issued advisory on enablement of online appeal filing facility in the GST portal
Media
Ajit Ranade: A progressive GST is easier to promise than achieve
This month, India’s goods and services tax (GST) completed eight years. This is a milestone reform. It is a consumption tax that unifies the national economic market, getting rid of inter-state frictions and tax cascades, and is fully electronic with in-built incentives for compliance and prevention of leakage. In the five years since 2020-21, annual gross GST collections have more than doubled to ₹22 trillion.
Form 3CA-3CD and 3CB-3CD updated on ITR portal; Key clauses on MSMEs, settlements revised
The Income Tax Department on Friday said updated tax audit forms, Form 3CA-3CD and Form 3CB-3CD, are now available on the e-filing portal for businesses and professionals. These forms are meant for filing tax audits under Section 44AB of the Income Tax Act.
Income Tax: ITR-2 enabled for filing return through online mode
The income tax (I-T) department has now enabled ITR-2 for filing returns through online mode with pre-filled data at the e-filing portal.
On July 18, 2025 the Income Tax Department said that Income Tax Audit using Forms 3CA-3CD and 3CB-3CD are now enabled on the e-Filing ITR portal with many changes. Moreover, the tax department has also released the common offline utility functionality of income tax audit forms Form 3CA, Form 3CB and Form 3CD.
Parliamentary panel accepts Income Tax Bill provisions; suggests 285 changes
The Parliament’s Select Committee examining the Income Tax Bill, 2025 on Wednesday is learnt to have cleared the proposed legislation without any substantial change, including the contentious provision allowing officers access to communication channels (like WhatsApp) of tax payers facing search or seizure, paving the way for its introduction in the Monsoon Session.
Tired of EPF passbook site errors? This govt app can help; here’s how
The Employees’ Provident Fund Organisation (EPFO) offers a range of services that can be accessed online through its official portal.
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