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Cash Transactions Beyond Rs. 20K Can Trigger Penalty — Income Tax Dept. Warns Strict Action

It is no secret that Indians prefer using cash and UPI for all kinds...

18% GST to Apply Uniformly on Small Cars, Concession for PWOPD Discontinued [READ CLARIFICATION]

The Ministry of Finance has clarified the position regarding concessional GST rates and purchase...

Facing ‘System Failure’ or ‘Schema Validation Failed’ Errors While Filing GSTR-7? Here’s What You Can Do

Taxpayers filing GSTR-7 have reported persistent issues on the GST portal, encountering messages such...

Relief for Exporter in Case Involving ED, Customs Over Unrealised Export Proceeds: Madras High Court Quashes FERA Penalty

The Madras High Court has set aside penalties imposed by the Enforcement Directorate (ED)...

SCN Issued After Application Can’t Bar Advance Ruling: HC Quashes Customs Orders On Apple Watch Classification Dispute

The Bombay High Court has held that show-cause notice issued after application cannot bar...

Customs Dept. To Refund Rs. 2.94 Lakh Wrongly Recovered from Exporter: Bombay High Court Slams Officials For PAN Error

The Bombay High Court has directed the Customs Department to refund Rs. 2,94,206 with...

How Will NRI Be Benefitted With The New RBI’s Notification

In a move aimed at deepening regional financial cooperation and promoting the internationalisation of...

FinMin Expands Customs Exemptions for Defence Equipment

The Ministry of Finance has issued Notification No. 37/2025-Customs, dated September 17, 2025, amending...

Manually Filed Appeal by NRI Must Be Treated as Pending Under DTVSV Scheme, 2024: Gujarat High Court 

The Gujarat High Court has held that an appeal manually filed by a Non-Resident...

ED Warns Public Against Fake Summons and “Digital Arrest” Scams; Launches QR-Based Verification System

In a bid to curb the growing menace of fake summons and impersonation scams,...

Separate GST Registration Mandatory for Warehouses Located in Different States: CBIC [READ INSTRUCTIONS]

In a key clarification impacting businesses operating across multiple states, the Central Board of...

Latest articles

NFRA Flags Deficiencies in 6 More Audit Firms

The National Financial Reporting Authority (NFRA) has released six fresh inspection reports highlighting significant...

GST Designed to Be Fair, Uniform and Pro-Poor, Says Nirmala Sitharaman in Rajya Sabha

The Union Finance Minister Nirmala Sitharaman on Friday asserted in the Rajya Sabha that...

FIR Filed Against IRS Amit Ghawate NCB Zonal Director in Navi Mumbai Builder Suicide Case

An FIR has been registered on March 27, 2026, at the NRI Sagari Police...

GST Dept. Can’t Deny ITC or Recover Tax Without Allowing Correction of Return Mismatches: Gauhati High Court

The Gauhati High Court has set aside a GST demand order, holding that tax...