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Certificate Requirement Under Circular No. 212/6/2024-GST for ITC Reversal on Post-Supply Discounts
The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 212/6/2024-GST dated 26th June 2024, providing much-needed...
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Jun 13 min read
New Rules for claiming deductions (under old regime) while filing Income Tax Return
#IncomeTax #ITR2025 #TaxFiling #ITRDeductions #OldRegime #Section80C #Section80D #Section80E #Section80EE #Section80EEA #Section80EEB...
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May 311 min read
M/s Yasho Industries Ltd. vs Union of India : Supreme Court Upholds Use of Input Tax Credit for GST Appeal Pre-Deposits
In a significant relief for taxpayers across the country, the Supreme Court of India has upheld the Gujarat High Court’s landmark judgment in the case of M/s Yasho Industries Ltd. vs Union of India (dated 17 October 2024), allowing businesses to utilize the Input Tax Credit (ITC) from their Electronic Credit Ledger (ECL) to make the mandatory 10% pre-deposit while filing appeals under the Goods and Services Tax (GST) law.
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May 202 min read
GST on Restaurant Services
The introduction of the Goods and Services Tax (GST) in India in 2017 marked a significant shift in the country’s indirect tax framework....
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May 174 min read
ITAT Ruling: No Need to Re-file Form 10-IE Every Year!
🧑⚖️ Case Summary & Legal Issue Facts: Section 115BAC allows individuals and HUFs to pay tax at concessional rates without availing...
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May 162 min read
"Tax Implications of Composite Rent"
Composite rent refers to the rent received by a property owner not only for the building itself but also for other assets or services...
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Mar 18, 20232 min read
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