GSTN has mandated the declaration of Ship To GSTIN in Bill-To-Ship-To transactions to improve transparency and traceability of goods movement. Non-compliance may prevent e-Way Bill generation and trigger penalties.
The ruling examines whether penalties under Section 129 can be imposed for internal movement of goods without an e-way bill. It highlights that where no tax is payable, the statutory penalty formula may fail.
Assessment and adjudication serve different functions under the CGST Act, with one determining tax liability and the other resolving disputes. Understanding the distinction is essential for effective GST compliance and litigation management.
Pune ITAT ruled that interest earned by a cooperative society from investments with cooperative banks is deductible under Section 80P(2)(d). The decision reinforces the broad scope of the provision.
Merely being a director or partner does not automatically create an obligation to file an Income Tax Return. Filing requirements arise only when conditions under Section 139(1) or the Seventh Proviso are satisfied.
mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, and improved portability. The transition is tax-neutral when carried out in accordance with prescribed legal procedures.
GST on rental income has evolved significantly since 2017, with several transactions now covered under Reverse Charge Mechanism. This guide explains when landlords or tenants are liable to pay GST on rented properties.
The Supreme Court is set to examine whether GST show cause notices covering multiple financial years are legally valid. The outcome will determine whether departments must issue separate year-wise notices or can continue consolidated proceedings.
The Allahabad High Court held that filing or pendency of a stay vacation, recall, or modification application does not suspend an operative court order. The Court ruled that subsisting judicial directions must be obeyed unless specifically stayed or vacated.
The SOP clarifies that resolutions by circulation may be used for urgent business where convening a Board meeting is impractical. It confirms that such resolutions have the same legal effect as resolutions passed at a duly convened Board meeting.
