What to Do If Goods are Seized / Detained in GST under Section 129
Picture this: your truck, loaded with goods, is stopped at a checkpoint. The GST officer asks for documents. Maybe there’s a missing e-way bill, or a minor mismatch in the…
Supreme Court on Section 263: Remand to AO Only in Case of Failure to Investigate
Section 263 and the Supreme Court’s New Guardrails: A Fresh Look at Revisionary Powers Section 263 of the Income Tax Act, 1961 has long been a double-edged sword in the…
Importance of Application of Mind when approving assessment orders
Picture a scenario where a single approving authority is expected to review and sign off on 85 complex tax assessment orders in just one day. Can genuine scrutiny and independent…
Landmark Judgment on Applicability of GST on immovable property where no construction activity undertaken after Sale
For years, the real estate sector in India has wrestled with a persistent question: Does GST apply to the sale of an under-construction property if the buyer acquires it “as…
Abolishment of GST Rule 96(10) and its effects on Export Refunds
Rule 96(10) of the Central Goods and Services Tax (CGST) Rules, 2017, placed restrictions on exporters from claiming refunds on Integrated Goods and Services Tax (IGST) paid on exports. This…
Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024 – A Comprehensive Guide
The Direct Tax Vivad se Vishwas (DTVSV) Scheme, 2024, established by Chapter IV (Section 88 to 99) of the Finance (No.2) Act, 2024, is a program implemented by the Indian…
Unveiling the Impact: Fake Invoices in GST
In the complex world of taxation, particularly under systems like the Goods and Services Tax (GST) and various income tax provisions, the use of fraudulent documents such as fake invoices…
Procedure for Appeal against Cancellation of GST Registration
Goods and Services Tax (GST) has transformed the Indian economic landscape since its implementation in July 2017. GST has brought about a uniform taxation structure, ensuring the seamless flow of…
Exploring Assessment and Appeals in the Black Money Act
Taxes are not just statutory obligations; they are the backbone of a nation’s development, enabling the government to build infrastructure, provide essential services, and foster economic growth. Despite these benefits,…
Use of Gift as Colourable Device to attain eligibility for exemption u/s 54F Not Allowed: Hyderabad ITAT
In a landmark judgment that reverberates through the corridors of tax planning and legal stratagems, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) laid down a decisive ruling…
GST | Income Tax | TDS
A Comprehensive Guide to Tax Implications on Renting of Property: TDS, GST & Income Tax Discussed
Navigating the vast and intricate world of finance can be both challenging and enlightening, especially when it comes to understanding rental properties and the ensuing tax implications. This article serves…
Protection and Rights of Minority Shareholders from Oppression & Mismanagement under Companies Act, 2013
A joint stock company thrives on the collective investment of numerous shareholders. While major decisions within the company are taken by those who hold a majority of shares, the rights…