News

GSTN has clarified that the new IMS will not affect the existing process of ITC auto-population from GSTR-2B to GSTR-3B or the monthly generation of GSTR-2B.

GSTN Clarifies No Change in ITC Auto-Population Under New Invoice Management System (IMS)

Judgement

ITAT sets aside penalty u/s 271C for non-deduction of TDS on interest and remands to AO to verify assessee’s claim of belated payment with interest in light of Supreme Court precedent.

ITAT Remands Penalty u/s 271C for Non-Deduction of TDS on Interest for Verification of Factual Claim

ITAT Ahmedabad directs reassessment of TDS and expense claims while upholding PF/ESIC disallowance, granting partial relief to the taxpayer.

ITAT Partially Allows Appeal, Directs AO to Reverify TDS and Expense Claims

ITAT upholds CIT(A)’s deletion of addition of Rs. 8,94,55,878 u/s 56(2)(viib), holding that Assessing Officer cannot replace DCF with NAV once method is validly adopted under Rule 11UA.

DCF Valuation Accepted: ITAT Upholds Deletion of Rs. 8.94 Cr Share Premium Addition

As per the Gujarat AAR, the Particulate Matter Permits are goods under the GST Act and attract a 12% GST Rate.

Particulate Matter Permits are Taxed at 12% GST: GAAR

Exam

ICAI opens online registration for eligible members to act as observers at the January 2026 CA examination centres from Today, October 08, at observers.icaiexam.icai.org.

ICAI Opens Registrations for CA January 2026 Exams Observers at observers.icaiexam.icai.org

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts