This article examines the evolving jurisprudence surrounding intermediary services through an analysis of key judicial pronouncements that have shaped the current understanding of this complex provision.
Learn how to reconcile mismatches between Form 26AS and AIS for AY 2025-26. Avoid defective returns and scrutiny with a step-by-step correction process.
Section 74A governs the process for investigating, notifying, determining, and penalizing tax discrepancies—such as unpaid, short-paid, or erroneously refunded taxes, and wrongly availed or utilized input tax credit (ITC).
Madhya Pradesh High Court nullifies GST penalty due to denial of cross-examination, reinforcing natural justice principles for adjudication orders.
Key regulatory changes from July 7-13, 2025, including Income Tax exemptions, GST rulings, customs duty extensions, SEBI master circulars, MCA form updates, and IBC amendments.
Steel Import Monitoring System (SIMS) is a government-mandated digital platform that requires importers to register specific steel imports in advance. It helps steel importers with customs clearance and other shipping requirements. It ensures transparency, prevents unfair trade practices, and provides the government with real-time data to support policy decisions—safeguarding the interests of India’s domestic steel […]
Guide to India’s e-invoice system: covering IRN generation methods, taxpayer enablement, login procedures, QR code verification, sub-user management, and API integration.
DGGI Bengaluru identified six shell companies involved in Rs 266 crore fraudulent invoices and Rs 48 crore ITC fraud; mastermind arrested. Investigation ongoing, SEBI notified.
DGFT clarifies that NPOP certification is not required for organic textile exports. Exporters need Transaction Certificates from Textile Exchange, GOTS, or buyer-mandated bodies.
CBIC issues new instructions exempting certain steel and steel product imports from mandatory Indian Standard adherence based on Ministry of Steel order.
