Latest update 22.05.2025
A. Update/ Article
GSTN is taking downtime on 22.05.2025 at 12 am untill 4:30 am to enhance services on the GST portal.
The Hon’ble Calcutta High Court in Edelweiss Rural & Corporate Services Limited & Anr. instructed the Assessing Officer to reconsider the Refund Sanction Order to the extent that it directed the refund to be credited to the Assessee’s Electronic Credit Ledger instead of their Bank Account.
Refund claim for ITC accrued before July 18, 2022 cannot be denied
The Hon’ble Supreme Court in the case of Gemini Edibles and Fats India Ltd. dismissed the SLP against the Hon’ble Andhra Pradesh High Court ruling where refund claims for ITC accrued before July 18, 2022 could not be denied solely because they were filed after said date, as Notification No. 9/2022-Central Tax (Rate) dated July 13, 2022 applies prospectively.
GST RC cancellation is not justified as petitioner was not given fair opportunity to respond.
DAY 6 — FROM SECTION 25(4A) TO CAROTAR: YOUR FTA ORIGIN PLAYBOOK
Day-6 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.
B. Tax in Media
The crime branch unearthed a massive Rs.156 crore fraud by a group of businessmen, including five arrested in a night-long operation that began on Saturday and lasted until dawn on Sunday.
Bhopal restaurant fined Rs.8000 for charging Rs.1 GST on water bottle.
A consumer court in Bhopal has ordered a restaurant owner to pay Rs.8000 as compensation to a customer for charging her Rs.1 as GST on a Rs.20 MRP bottle of water.
All ITR forms notified for AY 2025-26 but you still can’t file your income tax return – Find out why
If you are preparing to file Income Tax Return (ITR), then this news is important for you. So far, the Income Tax Department has not made ready ITR e-filing utilities on its portal for Assessment Year 2025-26 (FY 2024-25).
The new income tax bill, 2025 has introduced a one-time relief for those who want to reduce their capital gains tax outgo by reducing their short-term capital gains (STCG).
EPF changes in 2025: New form to transfer EPF account, instant UAN activation etc
The Employees’ Provident Fund Organisation (EPFO) has recently announced several important updates aimed at making Provident Fund (PF) operations more efficient, transparent, and user-friendly.
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