Gross And Net GST revenue collections For April 2025
The Gross Goods and Services Tax (GST) collections for April 2025 reached a record Rs. 2,36,716 crore, marking a robust 12.6% increase over the...
GSTN to Mandate Phase-3 HSN Code Reporting and Table 13 Compliance from May 2025
In a continued effort to enhance transparency and streamline tax reporting, the Goods and Services Tax Network (GSTN) has announced the implementation of Phase-3...
Section 88 of CGST Act Inapplicable for Recovery of Central Excise Dues from Directors Of Liquidated Company: Andhra Pradesh High Court
The Andhra Pradesh High Court has held that Section 88 of CGST Act is inapplicable for recovery of central excise dues from directors of...
This Is Why Madras High Court Reduces Pre-Deposit From 25% To 10%
Citing the established practice of the Madras High Court, which typically directs a 10% pre-deposit when appeals are filed within the limitation period and...
Assessee Can’t Be Permitted To Frustrate Adjudicatory Process Provided In GST Act: Calcutta High Court
The Calcutta High Court has held that assessees cannot be permitted to frustrate adjudicatory process provided in GST Act.The bench of Justice Raja Basu...
Refund Can’t Be Denied If Excess Tax Paid Was Not Recovered, Even If Shown As Expenditure In Balance Sheet: CESTAT
The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that if tax has been excess paid and not recovered...
RBI Allows Banks To Hike ATM Fees: New Charges Effective From May 2025
In a move that directly impacts everyday banking for millions, the Reserve Bank of India (RBI) has revised the charges for ATM transactions, effective...
India Imposes 20% Export Duty on All Parboiled and Certain Milled Rice Varieties Starting May 1, 2025
In a significant move aimed at regulating rice exports and ensuring domestic food security, the Ministry of Finance has imposed a 20% export duty...