Businesses across India are receiving GST notices for ITC reversal even after making genuine purchases and banking payments. The article explains key risks and precautions taxpayers must follow to safeguard Input Tax Credit.
Haryana Government has introduced a One Time Settlement Scheme for resolving legacy pre-GST tax disputes. The scheme offers waiver of interest, penalty, and relief in certain tax demands for eligible taxpayers.
Clause 43 in Tax Audit Form No. 26 requires auditors to verify remittances reported in Part-D of Form 145. Incorrect classification of non-taxable foreign payments may invite tax department inquiries and litigation.
Ambiguity under Section 112(8)(b) of the CGST Act has created confusion over GSTAT pre-deposit calculations after reduction of tax demand in first appeal. The issue raises concerns about fairness and proportionality in GST litigation.
India’s Social Security Code consolidates multiple labour welfare laws into a unified framework covering organised, unorganised, gig, and platform workers. The 2026 Rules introduce digital compliance and expanded worker protections.
Anti-dumping duty protects local manufacturers from unfairly cheap imports that can damage domestic markets. The article explains its purpose, benefits, risks, and role in maintaining fair trade practices.
The Supreme Court held that liabilities arising from corporate guarantees qualify as financial debt under Section 5(8) of the Insolvency and Bankruptcy Code. Consortium lenders were therefore entitled to Financial Creditor status and inclusion in the Committee of Creditors.
Incorrect Udyam filings can result in denial of CGTMSE coverage, MSME Samadhaan claims, and government tender participation. The article explains the most common compliance mistakes and how MSMEs can avoid them.
The article explains how inadequate insurance coverage of hypothecated stock can expose banks to major financial losses despite valid stock audits. It highlights the responsibilities of stock auditors in checking policy schedules, insured locations, and under-insurance risks.
The Companies Act, 2013 and related rules now require most public and private companies to issue and transfer securities only in dematerialised form. The framework aims to improve transparency, reduce fraud, and streamline ownership records.
