The amendment expands the definition of permanent establishment to include service-based activities exceeding 183 days. It clarifies when foreign enterprises become taxable.
The article reveals how organized crime silently dominates economies and political systems through money laundering and corruption. It highlights the need for strong governance and awareness to counter its growing influence.
NCLT Indore held that pendency of proceedings before the Debt Recovery Tribunal is not a bar to initiation of proceedings under the Code. Accordingly, application u/s. 7 of IBC admitted as existence of financial debt and occurrence of default thereon by corporate debtor duly established by financial creditor.
NCLT Mumbai held that application for initiation of Corporate Insolvency Resolution Process [CIRP] under section 7 of the Insolvency and Bankruptcy Code, 2016 against corporate debtor admitted as financial debt and default thereon duly established.
The article highlights common GST filing errors such as mismatches and incorrect ITC claims. The key takeaway is that proper reconciliation and compliance can prevent penalties and scrutiny.
Comparative analysis of Company, Partnership Firm, and Trust in India covering tax rates, deductions, compliance, and suitability to help choose the most tax-efficient business structure.
Cyber insurance helps cover financial losses from cyberattacks like hacking and data breaches. It is becoming essential as digital risks increase across industries.
Section 8 clarifies how GST applies to bundled supplies by distinguishing between composite and mixed supplies. The classification directly impacts tax rates, making correct identification crucial for compliance.
Courts have ruled that Section 125 applies only where no specific penalty exists under GST law. Using it alongside other penalty provisions amounts to double penalisation and is legally unsustainable.
The law clearly prohibits penalties for minor breaches, yet officers continue imposing heavy fines on small taxpayers. Courts have repeatedly intervened, emphasizing proportionality and fairness in penalty imposition.
