Avinash Kurungot
Avinash Kurungot is a B.B.A. LL.B (Hons.) Graduate from Christ University, Bangalore. Following a stint in Civil Litigation, marking appearances across the High Court of Kerala and various sub-courts, he has channelled his skills towards developing engaging tax, finance and news content.
ICAI Announces Fortnight Programme to Boost CA Final & Intermediate Preparation - Find November Schedule Here
The Institute of Chartered Accountants of India (ICAI), through its Board of Studies (Academic) has announced a comprehensive Fortnight Programme to...
![IREO had No Accrued ITC Benefit after Opting GST @5% Scheme: CCI Drops Anti-Profiteering Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/2104195-ireo-itc-benefit-gst-itc-benefit-cci-anti-profiteering-proceedings-taxscan.webp "IREO had No Accrued ITC Benefit after Opting GST @5% Scheme: CCI Drops Anti-Profiteering Proceedings [Read Order]")
![Builder got no Additional ITC Benefit Despite Occupancy Certificate Issued Post-GST Rollout: GSTAT Clears IREO Victory Valley [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/2103907-itc-benefit-occupancy-certificate-post-gst-rollout-gstat-ireo-victory-valley-taxscan.webp "Builder got no Additional ITC Benefit Despite Occupancy Certificate Issued Post-GST Rollout: GSTAT Clears IREO Victory Valley [Read Order]")
![No Profiteering if Contractor Voluntarily Passed GST ITC Benefit to Indian Oil Corp. after Tax Reduction: GSTAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/2103893-gst-itc-indian-oil-corp-tax-reduction-gstat-taxscan.webp "No Profiteering if Contractor Voluntarily Passed GST ITC Benefit to Indian Oil Corp. after Tax Reduction: GSTAT [Read Order]")
![No ITC Benefit to be Passed by IREO if Flat Fully Constructed & Paid for Pre-GST Rollout: GSTAT Notes Price has Non-Creditable Taxes [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/2103881-whatsapp-image-2025-11-10-at-43025-pm.webp "No ITC Benefit to be Passed by IREO if Flat Fully Constructed & Paid for Pre-GST Rollout: GSTAT Notes Price has Non-Creditable Taxes [Read Order]")
MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]
The Ministry of Corporate Affairs (MCA) has notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2025 through a notification dated 3 November 2025. The amended rules...
![MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]](https://images.taxscan.in/h-upload/2025/11/08/2103349-mca-nbfc-ifsc-finance-companies-financing-industrial-enterprises-taxscan.webp "MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]")
Relief to Johnson & Johnson: CESTAT Allows CENVAT Credit Distribution through ISD for Both Manufacturing & Trading Units [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently granted relief to Johnson & Johnson Pvt. Ltd., holding that the company’s head office can function...
![Relief to Johnson & Johnson: CESTAT Allows CENVAT Credit Distribution through ISD for Both Manufacturing & Trading Units [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/2103434-relief-to-johnson-johnson-johnson-johnson-cestat-cenvat-credit-taxscan.webp "Relief to Johnson & Johnson: CESTAT Allows CENVAT Credit Distribution through ISD for Both Manufacturing & Trading Units [Read Order]")
GST ITC Available on Hydrotreated Vegetable Oil/Renewable Diesel Used for GTA Services u/ Forward Charge Mechanism: AAR [Read Order]
The Chhattisgarh Authority for Advance Ruling (AAR) recently ruled that a registered Goods Transport Agency (GTA) is eligible to claim Input Tax Credit (ITC) on the Goods and Services Tax (GST)...
![GST ITC Available on Hydrotreated Vegetable Oil/Renewable Diesel Used for GTA Services u/ Forward Charge Mechanism: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/2103146-gst-itc-gst-hydrotreated-vegetable-oil-renewable-diesel-gta-services-taxscan.webp "GST ITC Available on Hydrotreated Vegetable Oil/Renewable Diesel Used for GTA Services u/ Forward Charge Mechanism: AAR [Read Order]")
GST Evasion Informer has No Right to Claim Reward: Delhi HC notes Grant is at Discretion of CBIC [Read Order]
The Delhi High Court recently affirmed that any person who furnishes information about alleged Goods and Services Tax (GST) evasion cannot claim a reward as a matter of right and that any reward is...
![GST Evasion Informer has No Right to Claim Reward: Delhi HC notes Grant is at Discretion of CBIC [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/2103043-gst-evasion-right-to-claim-reward-delhi-hc-cbic-discretion-of-cbic-taxscan.webp "GST Evasion Informer has No Right to Claim Reward: Delhi HC notes Grant is at Discretion of CBIC [Read Order]")
No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) recently allowed an appeal filed by Ajanta Pharma Ltd. and set aside a penalty of ₹2,00,000 imposed under...
![No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/2102739-customs-penalty-ajanta-pharma-no-customs-penalty-taxscan.webp "No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]")
PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]
The Kerala High Court recently granted relief to Apollo Tyres, holding that the Principal Commissioner of Income Tax (PCIT) cannot invoke suo motu revisional powers under Section 263 of the Income...
![PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/2102753-pcit-suo-motu-revisional-power-apollo-tyres-relief-to-apollo-tyres-taxscan.webp "PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]")
GST Dept cannot Deny ITC to Buyer if Selling Dealer’s Registration Cancelled Post-Transaction: Allahabad HC [Read Order]
The Allahabad High Court recently ruled that the Goods and Services Tax (GST) Department cannot deny input tax credit (ITC) to a purchasing dealer merely because the registration of the selling...
![GST Dept cannot Deny ITC to Buyer if Selling Dealer’s Registration Cancelled Post-Transaction: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/2102712-gst-dept-itc-to-registration-cancelled-post-transaction-allahabad-hc-taxscan.webp "GST Dept cannot Deny ITC to Buyer if Selling Dealer’s Registration Cancelled Post-Transaction: Allahabad HC [Read Order]")