This article explains how to compute threshold limit for e-way bill applicability, focusing on what constitutes consignment value when an invoice contains multiple components such as GST, cess, exempt goods, freight, insurance, or other service charges.
Gayatri Balasamy Vs ISG Novasoft Technologies Limited (Supreme Court of India) – Citation- 2025 INSC 605 Overview of the Facts- The case of Gayatri Balasamy v. ISG Novasoft Technologies Ltd. evolved from a singular workplace grievance into a definitive legal precedent regarding the boundaries of judicial intervention in arbitration. The history traces back to 2006, when […]
Explains when warranty replacements are GST-neutral vs taxable supply, using OnePlus green-line policy, CBIC circulars, and valuation rules.
Health Security & National Security (HSNS) Cess Act, 2025 introduces a standalone statutory cess aimed at funding national health security and national security needs, operating independently of GST and other indirect taxes.
The 15 Vital Recommendations for GST for Budget 2026 propose practical reforms to restore GST neutrality, reduce litigation, and unlock working capital. A key suggestion is to revisit Section 17(5) blocked credits and align them with Income-tax principles so that ITC is allowed for genuine business expenditures.
The court held that ITC reversal under Section 29(5) depends on a valid cancellation. Once registration is restored, the ITC demand collapses.
The wage definition under the new code is inclusive and anti-avoidance. Many allowances earlier excluded now count as wages, widening ESIC coverage.
The Supreme Court held that the mandatory GST appeal pre-deposit need not be paid only in cash. Valid input tax credit in the Electronic Credit Ledger can be used, easing cash-flow pressure on taxpayers.
MCA has intensified scrutiny of Cost Audit filings and is issuing notices (currently for FY 2020–21) under Section 148(7) of the Companies Act, 2013, seeking further information and explanations to verify the correctness of cost records and Cost Audit Reports filed in XBRL Form CRA-4.
The court held that ITC cannot be denied to a genuine purchaser merely because the supplier failed to pay GST. Bona fide transactions without fraud or collusion must not attract reversal of credit.
