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Overview of GST Assessment Procedure
Explores the GST self-assessment process, ensuring compliance and streamlining tax administration
Jul 16, 202411 min read
CBIC Clarifies Taxability and Valuation of Corporate Guarantees Between Related Parties
CBIC's latest circular details GST implications for corporate guarantees, ensuring clarity on tax valuations and ITC eligibility.
Jul 15, 20244 min read
[Calcutta HC] Petitioner Allowed to Appeal After Delay Due to Misplaced SCN and Ex-parte Order on GST Portal
Calcutta HC: Appeal allowed due to SCN and ex-parte order wrongly uploaded on GST portal, delay condoned.
Jul 14, 20243 min read
[Calcutta HC] Assessment Proceedings Lack Jurisdiction Without Required Satisfaction Note by AO of Searched Entity
Calcutta HC invalidates s. 158BD proceedings due to missing AO satisfaction note.
Jul 13, 20243 min read
Karnataka HC Holds That GST Proceedings Cannot Continue Against Non-Existing Entities
Karnataka High Court nullifies GST notices to dissolved firms, upholding legal precedents.
Jul 13, 20242 min read
Supreme Court Affirms: Anticipatory Bail Not Maintainable for Summons Under S. 69 of the CGST
The Supreme Court upholds no anticipatory bail for s. 69 of the CGST summons, aligning with past rulings.
Jul 13, 20243 min read
GST and E-commerce: Compliance, Challenges and Legal Issues
GST simplifies tax, boosts transparency, and enhances compliance for e-commerce, making it essential for business efficiency and growth.
Jul 12, 202415 min read
Gujarat High Court Quashes Reassessment Proceedings as Assessee Justifies the Existence of Two PANs
Gujarat HC rules against reassessment based on two PANs, affirming the assessee's valid explanation.
Jul 11, 20243 min read
Tax Due Diligence
Exploring TDD's role in M&As to mitigate risks and ensure tax compliance in evolving legal landscapes.
Jul 10, 20246 min read
Judicial Interpretation of Procedural Fairness in GST Appeals: Touchwin Complex (P.) Ltd. v. Assistant Commissioner of Revenue
Calcutta High Court stresses fair hearing rights and judicial discretion in GST appeal delays.
Jul 10, 20243 min read
Navigating Transfer Pricing Compliances: Methods and Frameworks Under Indian Tax Law
Explore the strategic compliance essentials in Indian TP laws for optimal global tax management.
Jul 9, 202412 min read
[ITAT] Judicial Reinforcement of Procedural Compliance and Deduction Standards in Tax Reassessment
Analysis of a key ruling on tax reassessment, highlighting AO's responsibilities and taxpayer rights in procedural compliance.
Jul 8, 20243 min read
Tax Evasion, Avoidance and Planning: Evolution of Jurisprudence
Explore how tax strategies differ legally and ethically in our new analysis. Dive into the nuanced world of tax planning and its implication
Jul 7, 202410 min read
GST Policy Wing Clarifies ITC Eligibility Under S. 16(4) of the CGST Act for RCM Supplies
GST Policy Wing clarifies ITC claim rules under RCM, aiming to reduce confusion and prevent litigation.
Jul 3, 20242 min read
Bombay HC Quashes Reassessment: No Taxable Event or Notional Profit Without Sale of Shares
BHC rules no capital gains tax without actual share sale, reinforcing that notional gains aren't taxable events.
Jul 3, 20244 min read
ITAT Rules on the Retrospective Applicability of S. 40(a)(i) of the Income-tax Act, 1961 Amidst Conflicting High Court Judgments
ITAT rules on non-resident payments and TDS disallowance, applying a taxpayer-friendly approach amid conflicting High Court decisions.
Jul 3, 20243 min read
CBIC Clarifies GST Applicability on Loans Between Related Entities
CBIC’s new circular exempts GST on loans made only with interest or discount, streamlining compliance.
Jul 3, 20242 min read
Clarification on Place of Supply Provisions for Unregistered Persons under IGST Act, 2017
Explore CBIC's latest guidelines on IGST for unregistered persons, ensuring clear tax compliance across varied transaction scenarios.
Jul 3, 20242 min read
CBIC Clarifies Valuation of Imported Services by Related Persons under GST
New GST guidance ensures fair pricing for services, easing compliance and enhancing transparency.
Jul 3, 20242 min read
Expenditure Related to Discontinued Business Not Allowable as Business Expenditure: ITAT, Bengaluru
ITAT rules out deductions for costs tied to defunct ventures, ensuring strict adherence to tax norms
Jul 3, 20243 min read