Understand role of Form 10F for non-residents to claim Double Taxation Avoidance Agreement (DTAA) benefits and avoid higher withholding tax in India.
In this article, I am going to discuss an amazing case law addressing this issue, a recent landmark ruling of a High Court, here name is anonymized for neutrality purposes but based on the facts provided, we will discuss the same, this case has reiterated a fundamental principle of natural justice and commercial certainty, in which a bona fide purchaser cannot be denied ITC merely because of the supplier’s default, especially when the buyer has acted diligently and made payments through banking channels.
RBI cut its repo rate to 5.50% and CRR to 3% on June 6, 2025, aiming to increase liquidity and lower loan costs. See the market reaction and economic impact.
Allahabad HC quashes orders against R.T. Infotech, remanding ITC dispute where tax was paid but not deposited by supplier. Purchaser not liable for seller’s default.
Understand essential documents and conditions for claiming Input Tax Credit (ITC) under GST, including invoice rules, supplier compliance, and key deadlines.
The RBI announced its June 2025 monetary policy, reducing the repo rate to 5.50% and adjusting other key rates. CRR will decrease to 3.0% in phases.
Understand deferred tax under the Income Tax Act, including Deferred Tax Assets (DTA), Deferred Tax Liabilities (DTL), permanent vs. temporary differences, and their accounting impact.
Explore GST Reverse Charge Mechanism (RCM) with a master chart detailing applicable services and goods, HSN/SAC codes, rates, and recipient/supplier liabilities.
The functioning of co-operative banks has always demanded a delicate balance between regulatory compliance, financial prudence, and tax optimization. One such element that often walks this tightrope is the Bad and Doubtful Debts Reserve (BDDR).
CESTAT Delhi rules Customs officers lack power to re-determine export FOB value. Overturns order against Jayantah Trading Co on over-valuation, penalties, and drawback. Reaffirms transaction value primacy.
