The issue examines how export refunds are denied for technical non-compliance. Key takeaway: procedural defects cannot override substantive export benefits.
The issue highlights how disciplined SIP investing delivered strong returns despite weak market performance. Key takeaway: patience and consistency outperformed market timing.
The issue explains how automated portal controls now trigger late fees, return blocks, and suspensions. Key takeaway: proactive compliance is essential to avoid system-driven consequences.
Learn practical steps to align GSTR-1, GSTR-3B, RCM, ITC, and third-party data. Key takeaway: Regular reconciliation reduces notice risk and strengthens compliance.
Learn the legal framework, authorized forms, and procedural safeguards for GST inspections and seizures. Key takeaway: Compliance knowledge protects taxpayers from unlawful actions.
The Tribunal held that additions made without issuing a mandatory show-cause notice violate CBDT instructions and natural justice. Key takeaway: Procedural compliance is essential for valid assessments.
Mandatory registration, declarations, monthly payment by the 7th, and returns by the 20th are prescribed. The Rules emphasise strict timelines and system-driven compliance.
The Tribunal ruled that advisory and consultancy services could not be taxed as Fees for Included Services because no technical knowledge was transferred to clients.
The Tribunal held that reassessment initiated after three years was void because approval was taken from an incompetent authority. The key takeaway is strict compliance with section 151(ii) is mandatory and jurisdictional.
Incorrect disclosure of promoter and public shareholding in a statutory return was penalised under the Companies Act. The key takeaway is that even clerical errors in MCA filings can trigger liability.
