Indian banks have written off Rs. 16.35 lakh crore in bad loans over the last decade. Learn about the regulatory reasons for these write-offs, ongoing recovery efforts, and strategies to prevent future loan defaults.
Understand how GST rate reductions impact unregistered retailers. Learn about the challenges of margin squeeze and competitive disadvantage due to a lack of Input Tax Credit.
The ITAT Raipur ruled that the CIT(A) overstepped its jurisdiction by remanding a multi-crore TDS dispute involving SECL. The decision clarifies that a CIT(A) cannot remand cases that were not assessed under Section 144.
Learn how to manage ITC post-GST rate rationalization. Understand the rules for carry-forward vs. reversal, and the importance of compliance for businesses.
Learn about GST 2.0’s simplified tax structure, its impact on consumers and industries like FMCG, auto, and insurance, and the challenges faced by some sectors.
CESTAT Kolkata held that imposition of penalty under section 112(b)(i) of the Customs Act, 1962 not justified since there is no evidence available on record to show that the gold bars were of foreign origin and smuggled into the country.
The ITAT Raipur restores Section 10(10D) exemption, ruling the CPC exceeded its powers by making a complex adjustment on an insurance policy’s maturity proceeds.
A comprehensive guide for GST practitioners on managing the GST 2.0 transition. Includes protocols for stock management, HSN codes, and litigation prevention.
Explore the key differences between the UAE’s federal VAT and India’s dual GST. Compare tax rates, administration, and complexity in these two tax systems.
Understand GST Rule 42 for ITC reversal on inputs and input services. Learn how to calculate proportionate reversal for businesses with both taxable and exempt supplies.
