Discussion Community

Verification of tran-1 credit of duty paid invoices

A taxpayer inquired about documentation requirements for verifying credit of duty paid invoices claimed under CGST head during TRAN-1 filing. The respondent directed them to Rule 117 of the CGST Rules, 2017 for specific details regarding the verification process and required documents for transitional credit claims.


Categories: GST, Discussion-Forum, TaxLaws, TaxTMI
Source: /forum/issue?id=120252 Jul 15, 2025, 01:40 PM

Changing Face of Criminal Procedure in Income Tax Offence Prosecution : Clause 498 of Income Tax Bill, 2025 Vs. Section 280D of Income-tax Act, 1961

The Income Tax Bill 2025's Clause 498 replaces the Code of Criminal Procedure 1973 with the Bharatiya Nagarik Suraksha Sanhita 2023 for tax offense prosecutions before Special Courts. The provision maintains the same structure as existing Section 280D of the Income-tax Act 1961, requiring prosecutors to have seven years of advocacy experience and special legal knowledge. It allows the Central Government to appoint Special Public Prosecutors for complex cases and deems all appointed prosecutors as Public Prosecutors under the new criminal procedure code. This change modernizes the procedural framework while preserving qualification standards and prosecution mechanisms.


Categories: Bills, Notes, TaxLaws, TaxTMI
Source: https://www.taxtmi.com/tmi_notes?id=2052 Jul 15, 2025, 01:40 PM

Trinamool MPs continue sit-in protest at Delhi's Jai Hind camp

Opposition party legislators continue sit-in protest at a settlement following electricity disconnection ordered by court in encroachment case. The demonstration began Monday afternoon with multiple parliamentarians participating alongside local residents. The settlement houses approximately 5,000 residents, predominantly from one state, who claim discrimination based on linguistic identity. Authorities previously conducted verification finding no undocumented foreign nationals. Residents possess government-issued identification documents including citizenship cards and licenses. The party alleges systematic harassment of linguistic minorities across multiple states and plans additional protests in their home state.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49453 Jul 15, 2025, 01:40 PM

Unlock Hidden Treasure in Book of Sands: Reborn — Only on Parimatch

A global gaming platform has launched a new Egyptian-themed slot game featuring 5 reels, 3 rows, and 10 paylines. The game includes wild and scatter symbols, free spins with expanding symbol mechanics, and a bonus buy feature. Players can bet from Rs. 4 to Rs. 9,000, with options for turbo mode and auto play. The slot incorporates ancient Egyptian mythology with modern gaming mechanics, offering various bonus features including retriggerable free spins and symbol expansion across entire reels.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49452 Jul 15, 2025, 01:40 PM

Lodha earns Prestigious 'Great Place To Work' Recognition for Exemplary Workplace Culture

A major Indian real estate developer received the Great Place To Work certification, ranking among India's Top 100 Companies and being named best in the real estate industry. The recognition was based on employee feedback across five dimensions: credibility, respect, fairness, pride, and camaraderie, with scores above industry averages. The company's workplace culture emphasizes inclusion, open communication, mental wellness programs, leadership development, and technology-driven employee engagement platforms. The certification reflects the organization's commitment to creating an empowering work environment and setting new benchmarks for the real estate sector.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49451 Jul 15, 2025, 01:40 PM

Procedural Reform in Tax Offence Trials : Clause 497 of the Income Tax Bill, 2025 Vs. Section 280C of the Income-tax Act, 1961

Clause 497 of the Income Tax Bill, 2025 mandates that tax offences punishable with imprisonment not exceeding two years or fine be tried as summons cases by Special Courts. This provision mirrors Section 280C of the Income-tax Act, 1961, but references the new Bharatiya Nagarik Suraksha Sanhita, 2023 instead of the Code of Criminal Procedure, 1973. The non-obstante clause ensures this provision overrides general criminal procedure laws. This framework expedites minor tax offence trials through simplified procedures while maintaining judicial specialization in tax matters.


Categories: Bills, Notes, TaxLaws, TaxTMI
Source: https://www.taxtmi.com/tmi_notes?id=2051 Jul 15, 2025, 01:40 PM

Tripura's biggest tea estate witnessing production fall due to climate change, workers' shortage

A major tea estate in Tripura's district is experiencing declining production due to climate change and worker shortages. The estate, which produces one-fourth of the state's tea output, saw production drop from 24 lakh kg in 2022 to 21 lakh kg in 2024. Climate change has altered rainfall patterns, with precipitation now starting later and becoming excessive during crucial growing months. Only 300 of 900 registered workers attend regularly, forcing management to introduce plucking machines and halt green tea production. Rising production costs, stagnant auction prices, and inadequate government subsidies compound the challenges facing the industry.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49450 Jul 15, 2025, 01:40 PM

AAIB report on AI plane crash by its nature raises questions, doesn't provide answers:Global pilots' body

The International Federation of Air Line Pilots' Associations responded to a preliminary report on an airline crash that killed 260 people, stating the report raises questions but provides no answers. The accident involved a Boeing 787-8 aircraft traveling from one Indian city to London, where fuel switches were cut off seconds after takeoff, causing cockpit confusion before the plane crashed into a building. The pilots' organization urged all parties to avoid speculation and allow the full investigation to proceed, emphasizing that preliminary reports contain only factual information without conclusions. Multiple pilot associations rejected presumptions of pilot error and called for an unbiased, fact-based inquiry.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49449 Jul 15, 2025, 01:40 PM

Meet Amit Kakkar: One Consultant's Mission to Build Bridges, Not Just Careers

A consultant from Punjab has built a diverse career spanning over two decades across education, technology, real estate, and social work. Starting as an IT professional at Tata Infotech, the individual transitioned to international education consulting in 2004, leading a firm that received multiple "Best Consultants" awards while helping Indian students study abroad. Since 2014, operating as a freelancer, the consultant has expanded into travel solutions, real estate investment guidance, event management, and healthcare consulting. Beyond professional work, the individual runs an NGO supporting education access, healthcare initiatives, and community peacebuilding efforts, demonstrating a commitment to social impact alongside business success.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49448 Jul 15, 2025, 01:40 PM

SC fixes July 31 for hearing pleas for review of 2022 verdict upholding powers of ED

The Supreme Court scheduled July 31 for hearing review petitions challenging a 2022 verdict that upheld Enforcement Directorate powers under the Prevention of Money Laundering Act. The hearing was postponed after the Solicitor General's unavailability. The court previously asked parties to frame specific issues for adjudication, limiting review to two aspects: supply of ECIR copies to accused persons and reversal of burden of proof provisions. The original 2022 judgment validated ED's arrest and property attachment powers, stating money laundering threatens financial systems and that ECIR cannot be equated with FIR under criminal procedure code.


Categories: TaxLaws, News, TaxTMI
Source: https://www.taxtmi.com/news?id=49447 Jul 15, 2025, 01:40 PM