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Madras High Court Quashes Clubbed Show Cause Notices Covering Multiple Financial Years Under GST

Cost Records means books of accounts relating to utilization of materials, labour and other item of cost as applicable to the cost of production of goods & services as provided in sec 148 of the act.

Section 74 lets GST officials go after tax evaders who commit fraud, lie on purpose, or hide stuff. They get more time to investigate and can hit offenders with bigger penalties.

The Income Tax Department is conducting raids in connection with false deductions of political donations. This action comes after the...

In a significant ruling that will impact GST-registered businesses across India, the Andhra Pradesh High Court has clarified the sweeping powers of tax authorities to block Input Tax Credit (ITC) under Rule 86A of the CGST Rules—even after the credit has already been utilized. The judgment in Sugna Sponge & Power Pvt. Ltd. v. Superintendent of Central Tax (2025) is a must-read for every business and tax professional.

The Ministry of Corporate Affairs (MCA) is set to complete a landmark digital transformation with the launch of the final set of 38 revamped company forms on the MCA21 V3 portal, effective July 14, 2025. This migration marks the full shift from the legacy V2 system to a modern, unified digital platform for all statutory company filings in India.

IBA invites applications from eligible firm Audit firms/entities for empanelment of Forensic auditors in respect of borrowal accounts in...

The Goods and Services Tax Network (GSTN) has released an important advisory concerning the reporting of values in Table 3.2 of Form GSTR-3B. This advisory is intended to inform taxpayers of recent developments and changes that impact the auto-populated values in the mentioned table.

GST Circulars Must Be Considered by Tax Authorities in Confirming Demands Under Section 74 | Shri Krishna Pharmaceutical and Surgical Agencies v. PC CGST