MST & Associates

Do you have habit of claiming Fake Deductions? You're on the Radar of Income Tax Department!!
The Income Tax Department isn’t just watching, it’s acting.
A nationwide crackdown is underway targeting bogus claims under sections like 10(13A), 80GGC, 80E, 80D, 80EE, 80EEB, 80G, 80GGA & 80DDB.

In a significant decision, the Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with a robust outlay of ₹99,446 Crore.

The scheme is designed to incentivize the creation of over 3.5 crore jobs across the country over a period of two years.

The ELI Scheme will act as a catalyst for job creation across all sectors, with a sharp focus on the manufacturing industry, while also providing a significant push to formal employment by bringing more workers under the ambit of social security.

For more information contact us!!

Do you know the latest initiative of Ministry of Labour to ease the EPFO advance process?

Employees’ Provident Fund Organisation ( ) has taken a significant step forward in its efforts to enhance member services by increasing the auto-settlement limit for advance claims from existing ₹1 lakh to ₹5 lakhs. This move will help lakhs of EPFO members receive funds faster, especially in times of urgent need.

For any kind of EPFO related issue or advise kindly contact us!!

Summary of Major Judgements of Court on GST during June 2025:

1. Sikkim High Court: Refund of ITC on Business Closure
Case Name: SICPA India Pvt Ltd v. Union of India

Ruling: The court ruled that Input Tax Credit (ITC) refunds are permissible upon business closure, as tax authorities cannot retain tax without legal authority. This ensures businesses can recover unutilized ITC when ceasing operations.

Impact: Clarifies refund eligibility for businesses winding up, preventing unjust enrichment by the government. Significant for companies restructuring or closing.

2. Allahabad High Court: GST Order Quashed for Lack of Fixed Date

Case Name: M/s Shiv Trading v. State of U.P.

Ruling: The court quashed a GST order for not adhering to a fixed judgment date, violating procedural fairness. The case was remanded for a fresh decision.

Impact: Reinforces procedural compliance in GST adjudication, ensuring fair hearings for taxpayers and potentially stricter timeline adherence by authorities.

3. Allahabad High Court: Stay on Order Exceeding SCN Scope

Case Name: M/s S.K. Enterprises v. Commissioner, CGST

Ruling: The court stayed a GST demand order that increased CGST and SGST beyond the Show Cause Notice (SCN) scope, excluding IGST. The order was deemed procedurally flawed for deviating from the SCN.

Impact: Protects taxpayers from arbitrary tax liability increases, emphasizing that authorities must adhere to the SCN’s scope, reducing assessment overreach.

4. Kerala High Court: Unified ITC Ledger

Ruling: The court ruled that the ITC ledger is a unified pool, not segmented into CGST, SGST, or IGST, allowing flexible use of ITC across tax heads for set-off.

Impact: Simplifies ITC utilization, reducing compliance disputes, especially for businesses with inter-state transactions.

For any GST related queries please contact us!!

Do you know you need to update your IEC before 30th June every financial year even if there is no changes.Failing to do so will deactive your IEC. Contract us for IEC renewal or any other consultancy!!

CBDT issues circular No. 11 of 2021 dated 21.06.2021 on implementation of section 206AB & 206CCA wrt. higher tax deduction/Collection for certain non-filers.Find below the circular.Feel free to contact us more details:-

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