Explore the key tax and legal aspects of mergers and acquisitions in India, including the different acquisition methods—share purchase, slump sale, NCLT merger, and asset purchase.
This article provides a summary of crypto taxation in India, covering the 30% income tax on gains, 1% TDS, and 18% GST on platform services.
Explore GST implications on Joint Development Agreements and Transfer of Development Rights in real estate, covering RCM, rates, challenges, and compliance for developers and landowners.
NFAC deletes penalty on taxpayer misled by unqualified agent; case highlights misuse of fake deductions, procedural lapses, and risks of unauthorized TRPs.
Understand GST composition for bakeries. Learn if your bakery qualifies as a manufacturer (1% GST) or restaurant (5% GST), impacting applicable rates and compliance under the scheme.
Introduction I received a message from my client, he was extremely stressed asking me, “Sir, the GST officer has now requested a fresh response to certain points of the notice, particularly regarding ITC reversal, He is insisting that the ITC be reversed immediately and has also asked that the reply be sent through WhatsApp” Earlier, […]
Explore the prolonged delays in operationalizing India’s GST Appellate Tribunal (GSTAT), its impact on taxpayers and High Courts, and ongoing challenges despite recent appointments.
Analysis of GSTR-1 vs GSTR-3B mismatch, Section 128A interest/penalty waiver, and the controversial CBIC circular. Legal challenge advised for denials.
Introduction As we know some commodities are made available to us in packaged or branded form and some in loose forms, So, I decided to write an article which defines taxability of these items, since 2017 when Goods and Services Tax was implemented in India, the tax treatment of everyday consumables inter alia like cereals, […]
Sikkim High Court allows GST ITC refund for closed business (SICPA India Pvt. Ltd.), ruling that retaining unutilized credit is unjust and unconstitutional.
