The GST 2.0 reforms block input tax credit for healthcare and insurance, reintroducing cascading taxes and hidden costs, despite nil or exempt rates.
The Delhi High Court rules that arbitral awards based on unsubstantiated CA certificates are invalid, requiring arbitrators to rely on concrete, verifiable evidence.
Pune ITAT deletes disallowance of cash-based remuneration to partners and salaries to employees, finding no legal bar or evidence of inflated expenses.
Service providers may claim GST IDS refunds, but only on input goods, not input services. Supreme Court rulings and 2022 rule changes define the limits.
Discover the key challenges facing businesses under GST 2.0 reforms, from managing inventory with old MRPs to navigating complex ITC adjustments and ERP system updates.
Understand accounting for Indian government companies: regulatory framework, grants, revenue, assets, pensions, and disclosure requirements with practical illustrations.
A practical guide to integrating AI into internal auditing, covering its applications in risk assessment, fieldwork, reporting, and continuous monitoring for efficiency.
ITAT Delhi sets aside an order against Credulity Solutions, citing a violation of natural justice after the CIT(A) failed to consider uploaded documents.
Practical guide to tax audit under Section 44AB for trader assessees, covering groundwork, data analysis, compliance checks, and final reporting.
Supreme Court reviews CESTAT order in Suresh Kumar & Co. Impex case, emphasizing that electronic evidence compliance under Section 138C(4) can be satisfied through signed records and statements.
