The FAQs hold that annual GST returns are final, non-revisable statements that often become the basis for audits and investigations.
This explains why certain GST credits are disallowed under law and how courts determine whether ITC is wrongly blocked despite business use.
Hospitals and medical NGOs must disclose all foreign grants, equipment, and medicines under FCRA; non-compliance can lead to frozen funds or registration suspension.
This article explains each table of GSTR-9 and why it is crucial during GST audits and scrutiny. The key takeaway is that table-wise accuracy and reconciliation are essential to avoid notices and disputes.
Learn the FEMA rules governing gifts of money, shares, and property to non-residents, including documentation, valuation, and repatriation considerations.
Explains when overseas real estate investment is permitted and highlights the key takeaway—funding, structure, and disclosure matter as much as the purchase itself.
Updated 2024 Rules and RBI Directions make FEMA compounding structured and data-driven. Early, voluntary filings are key, while serious violations remain ineligible.
Explains why the three laws apply different export tests and highlights the unified approach needed to avoid refund losses, FEMA violations, and tax disputes.
Explains how FEMA’s outdated definitions leave cross-border crypto transfers legally ambiguous. Key takeaway: without explicit rules, ED scrutiny and compliance risks remain high.
Learn how circular fund flows can attract regulatory scrutiny and what measures businesses should take to ensure compliance under RBI guidelines.
