The article explains new GSTN requirements making Ship-To GSTIN mandatory in E-Way Bills for Bill-To / Ship-To transactions from 15 June 2026. Unregistered delivery sites must be reported using URP.
The latest GST advisory requires mandatory reporting of Ship To GSTIN while generating E-Way Bills for Bill To – Ship To transactions. Unregistered consignees must be reported using “URP”.
The article explains that HRA exemption is unavailable under the new tax regime, which is why the HRA field may not appear in the ITR utility. Taxpayers must select the old regime to claim HRA benefits.
The ITAT examined additions based on alleged undisclosed sales and gross profit estimation after a search operation. The Tribunal held that industry-average GP rate should be adopted instead of the higher rate applied by the Assessing Officer and directed recomputation of income accordingly.
The article explains business registration, incorporation procedures, GST registration, trademark filing, and annual compliance obligations for Indian entrepreneurs.
The article explains Indian tax residency rules, FEMA obligations, and banking compliances that H-1B holders should address before permanently relocating to India.
The Court ruled that tax authorities could not rely on COVID-related extension of limitation granted by the Supreme Court to justify delayed revision proceedings. The impugned GST revision order was therefore declared time-barred.
The Supreme Court ruled that limitation under Section 263 must be calculated from the original assessment order where the issue revised was not part of reassessment proceedings. The Court held that reassessment does not reopen the entire assessment for all purposes.
The Supreme Court ruled that limitation for revisional proceedings under Section 263 must be counted from the original assessment order where the issues are unrelated to reassessment proceedings. The Court dismissed the Revenue’s appeal as the revision order was held time-barred.
ITAT Hyderabad held that the reassessment notice issued for AY 2015-16 after 31.03.2022 was barred by limitation under the first proviso to Section 149 and therefore invalid.
