CBIC circular clarifies GST rules on post-sale discounts. Learn when credit notes require ITC reversal and how discounts are treated as consideration.
An analysis of gambling’s evolution, legal frameworks, and regulatory challenges. It covers the skill-vs-chance distinction, online gaming laws, and proposals for efficient rules.
A practical guide on Section 10(23C) registration for educational and medical institutions in India. Learn about the legal framework, judicial interpretations, and filing procedures.
Introduction and statutory backdrop Section 80G of the Income-tax Act, 1961 provides for a deduction to donors who make contributions to specified funds or charitable institutions. The legal text enumerates the categories of funds and institutions and prescribes the quantum of deduction (50% or 100%, with or without restriction) available to the donor. An entity […]
The Gujarat High Court orders a temporary suspension of GST registration cancellation for Setu Joy Pvt. Ltd., enabling the company to file pending returns after clearing outstanding dues and fees.
The Gujarat High Court grants a temporary suspension of GST registration cancellation for Deep Chemicals, allowing the company to file pending returns after depositing outstanding dues and late fees.
Know the 2025 compliance schedule for One Person Companies, including filing deadlines, annual returns, director KYC, penalties, and tax obligations.
A legal analysis clarifies that GST’s ITC restriction for used cars applies only to the vehicles themselves, not other supplies like repairs, despite a notification’s broad wording.
Understand how functionality test determines Input Tax Credit (ITC) eligibility for buildings under GST. Learn about key court rulings and legal precedents.
ITAT reaffirmed that goodwill is a depreciable intangible asset and clarified that amendments under Finance Act operate prospectively, not retrospectively.
