Tax Guru

NCLT Mumbai approves resolution plan of Priyam Projects (I) Pvt. Ltd. for Steadfast Shipping Pvt. Ltd.

NCLT Mumbai held that resolution plan submitted by M/s. Priyam Projects (I) Pvt. Ltd. [Successful Resolution Applicant] for M ...
Tax Guru

Common GST SCN or common GST order for different tax periods is impermissible

Andhra Pradesh High Court held that common show cause notice and/or common order for different tax periods is impermissible.
Tax Guru

Section 33 application for liquidation of Grid Steel and Alloys Ltd allowed

NCLT Cuttack held that application u/s. 33 of Insolvency and Bankruptcy Code for liquidation of Grid Steel and Alloys Limited ...
Tax Guru

Your LLP Audit, Compliance and Filing Roadmap: Don’t Sweat the Deadlines!

Rs.40 Lakhs/Rs.25 Lakhs Partner Contribution for Statutory Audit, and Rs.1 Crore/Rs.10 Crore for Tax Audit. Key filings are ...
Tax Guru

Deposit of 25% of disputed tax amount directed due to failure to furnish reply to GST SCN

Madras High Court directs petitioner to deposit 25% of the disputed tax amount and quashed impugned order since petitioner failed to furnish reply to GST SCN. Accordingly, court also directs to ...
Tax Guru

Processed ITR, Yet a Notice? Section 87A Rebate Twist Explained

CBDT Circular 13/2025 addresses tax demands after ITR processing due to Section 87A rebate denial on special rate income. Interest waived if paid by Dec 31, ...
Tax Guru

Order passed u/s. 263 without considering submissions is non-speaking order

ITAT Mumbai held that passing of order under section 263 of the Income Tax Act by PCIT without considering submissions filed by the assessee amounts to non-speaking order. Accordingly, matter is ...
Tax Guru

GST Exemption on Paper Hinges on End-Use: Compliance Risk

New GST rate notifications (09/2025 & 10/2025) exempt uncoated paper used solely for notebooks/exercise books, but not other uses. This end-use-based exemption creates significant compliance risk for ...
Tax Guru

GST Registration Documents Required for Proprietor – Quick Guide (2025)

Learn the mandatory steps and required documents for GST registration for a sole proprietor in India. Know the turnover limits, necessary proofs, and tips for a smooth online ...
Tax Guru

Exemption notification 46/2011 Cus. benefit not admissible without valid AIFTA certificate

Madras High Court held that benefit of exemption under Notification No. 46/2011-Cus. dated 01.06.2011 not admissible without a valid ASEAN-India Free Trade Area [AIFTA] certificate. Accordingly, ...
Tax Guru

Goods cleared to industrial consumers not leviable to MRP based assessment u/s. 4A of Central Excise Act

CESTAT Bangalore held that goods imported and cleared to industrial consumers are not leviable to MRP based assessment under section 4A of the Central Excise Act, 1944. Accordingly, appeal is allowed ...
Tax Guru

DGCEI appointed as officer of Customs hence authorize to demand differential duty u/s. 28

CESTAT Chennai held that DGCEI appointed as officers of Customs and hence authorize to demand differential duty in terms of section 28 of the Customs Act, 1962 during the material period and there was ...