Notifications & Circulars
New Income Tax Act 2025: Section List and Everything You Need to Know India's tax system just went through its biggest makeover in over 60 years. The Income Tax Act, 2025 officially replaced the old Income Tax Act, 1961, and came into force on 1…
Reverse Charge Mechanism Rcm Under GST Example The Goods and Services Tax (GST) system in India has been designed to simplify taxation, reduce cascading effects, and bring uniformity across the nation. One of the unique features under GST is t…
Patanjali Faces ₹273.5 Crore GST Penalty: Allahabad High Court Dismisses Legal Challenge Allahabad High Court Dismisses Patanjali’s Plea Against ₹273.5 Crore GST Penalty In a key ruling that underscores the enforcement power of the Goods and S…
156 Crore GST Scam Busted in Nagpur: 5 Arrested for Creating Fake Firms & Bogus Invoices In mid-May 2025, the Nagpur Crime Branch exposed a staggering ₹156 crore Goods and Services Tax (GST) fraud orchestrated through a network of at least 6…
GST Amnesty 2025: Screenshot of Withdrawn Appeal Now Valid for Waiver Application – GSTN Update The Goods and Services Tax Network (GSTN) has issued a fresh advisory under Section 128A of the CGST Act to simplify the process for taxpayers seeki…
CBDT Notification No. 30/2025: New Digital ITR B for Block Assessment Returns Under Search Cases The CBDT notified their orders on April 7, 2025, under section 158BC read with section 295 of the Income-tax Act, 1961, Notification No. 30/2025. This not…
Notification No. 27/2025: A Relief Measure for Individual Taxpayers CBDT issued Notification No. 27/2025 , Income-Tax from the Ministry of Finance on April 4, 2025, under S.O. 1615(E) . The notification nofiled that income shall not be liable to tax …
New GST Clarifications from the 55th Council Meeting: Key Updates on Goods Classification & Tax Rates Understanding the Latest GST Clarifications: Key Takeaways from Circular No. 247/04/2025 The latest GST Council meeting has brought some much-…
