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…
PE is independent economic center, profit attribution to PE cannot be restricted due to global income or loss
Overview of the Delhi High Court Ruling on Permanent Establishments The Delhi High Court (HC) recently issued an important ruling regarding Permanent Establishments (PEs), specifically addressing the issue of profit…
Bhavna Lalit Jain vs. ITO: A Case of LTCG Exemption Denial
Introduction to ITAT The Income Tax Appellate Tribunal (ITAT) is a quasi-judicial body in India that handles appeals against orders passed by income tax authorities. It plays a crucial role…
Introduction to Tax Deducted at Source (TDS) on Metal Scrap Detector Under GST
Tax Deducted at Source (TDS) is a mechanism within the Goods and Services Tax (GST) framework in India designed to collect tax at the source of the transaction. This concept…
Interest Waivers in Tax Administration
Interest waivers play a crucial role in tax administration by offering relief to taxpayers facing genuine hardships while encouraging compliance with tax laws. When taxpayers fail to meet their tax…
E-Invoicing in the GST Framework and New Reporting Deadline
What is e-Invoicing? E-invoicing is a system where businesses electronically generate and authenticate invoices in a standard format on a designated portal. This process ensures real-time tracking of invoices and…
Understanding Form DRC-03A in the GST System
In the Goods and Services Tax (GST) system, taxpayers may sometimes make voluntary payments that are not directly tied to a specific demand or liability. These payments could be made…
Introduction to GST Relief Measures in India
The Goods and Services Tax (GST) Council in India has implemented various relief measures to improve tax compliance, simplify business operations, and foster research activities. The recent GST Council meeting,…