The increasing use of AI in GST is leading to automated mismatch alerts and notices based on flawed data. The key takeaway is that reliance on inaccurate systems can result in unjust tax demands for genuine taxpayers.
Authorities are targeting buyers based on supplier defaults without proper verification. Courts emphasize that bona fide taxpayers should not be punished without proof of wrongdoing.
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.
