The ruling made by the Rajasthan High Court is significant; it overturned the decision of the Appellate Authority, which had denied a refund claim under the 'Inverted Tax Structure' based on a circular. This case heavily depended on the authority's reliance on a circular that restricted the simplicity of refunds, which led to an appeal by the taxpayer.

In the case of National Plasto Moulding Vs. State of Assam & Ors., the Gauhati High Court addressed whether purchasing dealers can be denied Input Tax Credit (ITC) if the selling dealer fails to deposit the collected tax.

First Container Vessel at Vizhinjam Port: Transforming India's Maritime Future with APSEZ's Sustainable Development and Strategic Location

Justice Sanjay Kumar Mishra appointed as the first President of the GST Appellate Tribunal (GSTAT), strengthening GST dispute resolution in India.

ICICI Bank and MY GST Refund have partnered to offer Indian businesses exclusive benefits, including a 10% discount on GST services, a free first GST notice reply, and access to a complimentary GST refund calculator.

The Delhi High Court has made a significant ruling that could have broad implications. They have determined that refusing a taxpayer's Input Tax Credit (ITC) refund solely based on unauthenticated documents is considered "procedurally unfair".

Explore whether senior citizens are exempt from advance tax in India. Understand the nuances, pension income relief, and key considerations. Stay informed with our guide.

India achieves a record 8.18 crore Income Tax Returns filed by December 31, 2023, marking a 9% increase over the previous year

Explore recent ITA changes for rental income and tax deductions. New TDS rates: 2% for equipment, 10% for property. Exemption for rent below Rs. 1.8 lakh, but high earners must deduct TDS. 'Rent' definition broadened. Compliance is key for all. Consult a tax advisor for details.

Explore the latest Sahaj and Sugam ITR forms for the Assessment Year 2024-25, featuring enhanced disclosures and early notification. Stay informed and streamline your income tax filing process with the updated forms.

The Finance Ministry has introduced a comprehensive procedure for filing appeals under the GST amnesty scheme, allowing taxpayers a chance to address issues related to GST assessments.

Moody's praises RBI's decision to tighten norms on unsecured debt lending, highlighting its positive impact on enhancing the resilience of India's financial sector.