The 56th GST Council meeting introduced major reforms, including rate reductions on essentials and increases on luxury goods. Businesses must prepare for these changes.
Learn about GST interest on delayed payments. A summary of Section 50 of the CGST Act explains that interest is on cash-paid tax, with conditions and exceptions.
Know who is liable to pay advance tax, how to compute it, due dates for instalments, exemptions, and payment methods under the Income Tax Act.
The ITAT quashed a final assessment order against a company that no longer existed due to amalgamation, ruling the order void despite departmental knowledge of the merger.
The ITAT quashed an assessment against Karan Motors, ruling it was void because the Income Tax Department failed to prove the ACIT’s jurisdiction to act as the Assessing Officer.
Explore the core of India’s GST system: Input Tax Credit (ITC). Learn how it works, its legal framework, common challenges for businesses, and key judicial decisions.
The GST Council has reduced taxes on renewable energy devices. Solar cookers, wind mills, and hydrogen vehicles will now be taxed at a lower 5% rate.
The 56th GST Council meeting introduced new tax rates. Find out which goods—from food to electronics and cars—have become cheaper or more expensive.
NCLAT Delhi held that appellant as a personal guarantor, has been deliberately avoiding participation in the Section 95 proceedings. Accordingly, initiation of proceeding u/s. 95 of the Insolvency and Bankruptcy Code against personal guarantor duly admitted by NCLT.
The ITAT Delhi has directed the tax department to apply the 22% concessional tax rate to Kworks Technologies, citing a procedural lapse in late filing of a tax form.
