This explains the purpose and legal importance of an undertaking filed with a GST refund claim. It highlights how the declaration safeguards against unjust enrichment and wrongful refunds.
ITC rejection based solely on a “non-existent supplier” theory is legally unsustainable. The key takeaway is that proof of goods movement, payment, and use overrides blanket assumptions.
India replaces the FY–AY structure with a unified Tax Year under the new law. The key takeaway is simpler compliance, clearer timelines, and fewer filing errors without changing core tax rates.
Understand capital gains, GST, and compliance rules for buying, holding, and selling precious metals. The key takeaway is long-term holding and transparency reduce tax friction.
India has announced the highest-ever GST rate on demerit goods to curb tobacco consumption. The move combines GST, excise duty, and cess to drive public health outcomes.
The article analyses when a company buys a house jointly with its director and allows personal use. The key takeaway is that arm’s length rent is safer than rent-free occupation.
This roundup captures major judicial pronouncements and regulatory circulars released during the week. The key takeaway is enhanced clarity on deductions, GST powers, insolvency clean-slate principles, and compliance simplification.
This roundup covers major tax, GST, customs, insolvency, and securities law developments issued during mid-December 2025. The key takeaway is enhanced procedural clarity alongside stricter compliance standards.
The Tribunal held that a 3,134-day delay deserved condonation where the assessee proved non-service of the assessment order. The key takeaway is that absence of service constitutes sufficient cause and justice cannot be denied on limitation alone.
The Tribunal held that an intimation under Section 143(1) based on a forged revised return is appealable. It directed a fresh assessment after allowing the assessee to file the correct return, reaffirming that technicalities cannot defeat substantive justice.
