"I, S. Prasad, am a Senior Tax Consultant with continuous practice since 1982 in the fields of Sales Tax, VAT and Income Tax, and now under the GST regime. Over more than four decades, I have specialised in advisory, compliance and litigation support, representing assessees before Jurisdictional Officers, First Appellate Authorities and various Tribunals in indirect and direct tax matters. My practice has spanned the transition from the erstwhile sales tax and VAT laws to the present GST framework, giving me a comprehensive perspective on the evolution of tax jurisprudence and departmental procedures in India. I am presently residing at No. 394, “Sridhara Krupa”, Opp. Mahaveera Vidya Mandira, LIC Colony, Srirampura II Stage, Mysore – 570023, Karnataka, from where I continue my independent practice. I have actively appeared in matters before authorities in Mysore, Bangalore and Mangalore, handling assessments, audits, appeals and tribunal cases under Income Tax, Sales Tax, VAT and GST. My work includes extensive drafting of replies to show cause notices, appeal memoranda, written submissions, and reliance on important High Court and Tribunal precedents to protect the interests of bona fide taxpayers. Over the years, I have also been involved in professional bodies and knowledge sharing activities, including serving as Ex President of the Mysore District Tax Practitioners Association, contributing to the professional community of tax consultants and advocates in the region. In the GST era, a substantial part of my work focuses on defending genuine taxpayers in audits, fake ITC and cancellation matters, and on analysing key provisions such as Sections 16, 29, 67, 69, 74 and 122, with particular emphasis on safeguards, burden of proof under Section 155, and the protection of bona fide recipients and professionals. "
The issue was whether pigmy agents are independent service providers or employees. The Court held they are employees, so their remuneration is not a taxable supply under GST.
The new law reorganizes provisions and introduces clearer section mapping for business income. It simplifies compliance while retaining core taxation principles.
Courts held that bona fide buyers cannot lose ITC due to supplier non-payment of GST. The key takeaway is protection of genuine taxpayers with proper documentation.
The law distinguishes between inquiry under Section 70 and arrest under Section 69, limiting arrest to serious offences. The key takeaway is that coercive practices and misuse of summons are not legally justified.
The new tax regime introduces a uniform 12.5% long-term capital gains rate. The guide explains updated rules, exemptions, and planning strategies.
Explains salary taxation under Income-tax Act 2025 from April 2026, covering sections, perquisites, deductions, TDS changes and new forms.
The Tribunal held that mismatch alone does not prove fraud under Section 74. The key takeaway is that penal provisions cannot be invoked without evidence of intent to evade tax.
Explains new income-tax cash limits on expenses, receipts, and loans. Highlights that exceeding thresholds can lead to disallowance and penalties equal to the cash amount.
Authorities cannot impose full penalty when tax is already paid via DRC-03. Non-payment of interest or penalty does not revive discharged tax liability.
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.
