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.
Cars get Cheaper as Manufacturers pass on GST Benefits to Customers: Fortuner, Innova, Creta & XUV700 Make the List
The 56th Goods and Services Tax ( GST ) Council meeting was held on 3 September, 2025 at Sushma Swaraj Bhavan. The meeting, which was chaired by...
Chennai Airport Customs Destroys ₹12.5 Crore Worth Smuggled Contaband including Foreign Origin Cigarettes & Vapes
The Chennai Airport Customs has destroyed smuggled contraband worth ₹12.5 crore. The destroyed contraband includes foreign origin cigarettes, e-cigarettes and alcohol. According to officials, about...
CBIC Circular on Refunding Unutilised GST ITC u/r 89(5) Not Prospective: Supreme Court Dismisses Revenue SLP with ₹10K Costs [Read Judgement]
The Supreme Court of India recently dismissed a Special Leave Petition (SLP) filed by the Union of India in a dispute over the refund of unutilised Input TaxCredit (ITC) under the inverted duty...
![CBIC Circular on Refunding Unutilised GST ITC u/r 89(5) Not Prospective: Supreme Court Dismisses Revenue SLP with ₹10K Costs [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083510-cbic-gst-itc-supreme-court-slp-taxscan.webp "CBIC Circular on Refunding Unutilised GST ITC u/r 89(5) Not Prospective: Supreme Court Dismisses Revenue SLP with ₹10K Costs [Read Judgement]")
20% Pre-Deposit of Tax Amount is Pre-condition to Appeal before CT&GST Officer: Supreme Court Dismisses Appellant’s Case [Read Judgement]
The Supreme Court of India recently dismissed an appeal filed by M/s Triveni Engineers for failing to comply with the mandatory pre-deposit of 20% of the disputed tax demand. Triveni Engineers...
![20% Pre-Deposit of Tax Amount is Pre-condition to Appeal before CT&GST Officer: Supreme Court Dismisses Appellant’s Case [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083503-predeposit-tax-taxscan.webp "20% Pre-Deposit of Tax Amount is Pre-condition to Appeal before CT&GST Officer: Supreme Court Dismisses Appellant’s Case [Read Judgement]")
CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has granted approval to IIT Madras Research Park for income tax deduction benefits, making donations made to the institution claimable as deductions under...
![CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083069-iit-madras-taxscan.webp "CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]")
![ICMAI Revokes Affiliation with 8 CMA Support Centres [Read Notice]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083092-icmai-cma-icmai-revokes-cma-support-centres-taxscan.webp "ICMAI Revokes Affiliation with 8 CMA Support Centres [Read Notice]")
Income Tax Dept. Launched Evasion Prosecution Flouting CBDT Circulars: Supreme Court Slaps ₹2 Lakh Fine on Revenue [Read Order]
The Supreme Court of India recently imposed costs of ₹2,00,000 on the Income Tax Department for launching prosecution against an accused on the basis of alleged tax evasion, in violation of binding...
![Income Tax Dept. Launched Evasion Prosecution Flouting CBDT Circulars: Supreme Court Slaps ₹2 Lakh Fine on Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083061-supreme-court-fine-taxscan.webp "Income Tax Dept. Launched Evasion Prosecution Flouting CBDT Circulars: Supreme Court Slaps ₹2 Lakh Fine on Revenue [Read Order]")
SEBI Grants Extension and Shifts Reporting Authority for IAs and RAs on Compliance to Digital Accessibility Circular [Read Circular]
The Securities and Exchange Board of India (SEBI) has issued Circular No. SEBI/HO/ITD-1/ITD_VIAP/P/CIR/2025/121 dated August 29, 2025, granting additional time and updated reporting channels for...
![SEBI Grants Extension and Shifts Reporting Authority for IAs and RAs on Compliance to Digital Accessibility Circular [Read Circular]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082120-sebi-compliance-update-sebi-digital-circular.webp "SEBI Grants Extension and Shifts Reporting Authority for IAs and RAs on Compliance to Digital Accessibility Circular [Read Circular]")