Judgement

The ITAT Mumbai held that liability accrued under Mercantile System cannot be disallowed merely because it remained unpaid.

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

GSTAT orders refund of unpassed ITC benefit with interest, holding penalty provision inapplicable retrospectively.

GSTAT Orders Builder to Refund Rs 11.13 Lakh ITC Benefit to Homebuyers

Gujarat AAR Rules Paper Bags under Entry No. 319 of Schedule I to Notification No. 09/2025-Central Tax (Rate) Attract 5% GST And Not 18%

The High Court directs tax authorities to consider the petitioner's GST restoration application, subject to the filing of all pending returns and deposits of unpaid dues.

HC Allows Taxpayer to Seek GST Revocation Subject to Payment of Unpaid Dues and Filing of Pending Returns

Press Release

RBI fined Nagar Sahkari Bank Rs 14.25 lakh for violating banking regulations related to NPAs, unsecured loans, credit reporting, and loan approvals.

RBI Imposes Rs 14.25 Lakh Penalty on Nagar Sahkari Bank for Regulatory Violations

ITAT Delhi held that unpaid GST shown merely as a balance-sheet liability, without being claimed as an expenditure, cannot be disallowed under Section 43B.

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ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

GSTAT Orders Builder to Refund Rs 11.13 Lakh ITC Benefit to Homebuyers

Gujarat AAR Rules Paper Bags under Entry No. 319 of Schedule I to Notification No. 09/2025-Central Tax (Rate) Attract 5% GST And Not 18%

HC Allows Taxpayer to Seek GST Revocation Subject to Payment of Unpaid Dues and Filing of Pending Returns

RBI Imposes Rs 14.25 Lakh Penalty on Nagar Sahkari Bank for Regulatory Violations

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT