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CBIC Clarifies Sections 16(5) & (6) of CGST Act, Extends ITC Claim Period
CBIC clarifies Sections 16(5) & 16(6) of the CGST Act, extending ITC claim deadlines and detailing rectification procedures.
Oct 25, 20244 min read
ITAT Bombay: No Reassessment on Mere Change of Opinion Under Section 147 of the IT Act
ITAT Mumbai quashes reassessment based on incorrect facts, underscoring legal standards for tangible evidence under the IT Act.
Oct 25, 20243 min read
CBIC Clarifies on Applicability and Implementation of Section 128A of the CGST Act
CBIC clarifies Section 128A of the CGST Act, detailing waiver eligibility, procedures, and guidelines for resolving tax demands efficiently.
Oct 23, 20245 min read
Kerala HC Strikes Down GST Export Refund Rule: A Judicial Review
The Kerala High Court invalidated GST Rule 96(10), which protected exporters' rights to IGST refunds on zero-rated supplies and en fairness.
Oct 19, 20243 min read
GST Rate Regularization: CBIC Clarifies ‘As Is, Where Is Basis
CBIC clarifies 'as is, where is basis' for GST rate regularisation, offering relief to taxpayers while ensuring fairness in compliance.
Oct 19, 20243 min read
Supreme Court Takes a Stand Against Caste-Based Prison Discrimination
The Supreme Court mandates States to revise prison manuals, eliminate caste-based discrimination, ensure equality, and protect dignity,
Oct 18, 20247 min read
[Delhi High Court]: Quashed Reassessment Proceedings Due to Violation of Section 149 of the Income-tax Act
Delhi HC holds reassessment notices issued under Section 148 as time-barred, reaffirming the mandatory limitation under Section 149.
Oct 18, 20243 min read
GST Circular 2024: Key Clarifications on Service Taxation
CBIC clarifies GST on services like education, transport, utilities; streamlines compliance, reduces ambiguities, and regularises payments.
Oct 18, 20244 min read
The Regulatory Landscape of ‘Online Gaming’ in India
Explore the evolving legal framework governing online gaming in India, addressing key issues like skill vs chance and taxation complexities.
Oct 17, 20249 min read
Competition Law Enforcement: Challenges Faced by the Competition Commission of India
Explore the key challenges the CCI faces in regulating competition law, addressing market dominance, and ensuring fair business practices.
Oct 16, 202415 min read
Supreme Court Clarifies TOLA’s Transitional Limits in Reassessment Proceedings under the Income-tax Act: Balancing the Old & New Regimes
The Supreme Court's ruling resolves the interplay between TOLA, FA21, and the IT Act, clarifying reassessment timelines and procedures.
Oct 15, 20246 min read
Income Tax Appellate Tribunal Restricts the Retrospective Effect of CBDT Circular 5/2024
The ITAT ruled that the CBDT Circular is prospective, rejecting Revenue’s bid for retrospective application in cases predating its issuance
Oct 15, 20243 min read