"I have over Fourteen years of experience in multiple large private sector banks and multinational companies providing expert knowledge in areas covering internal audit, due diligence, CXO advisory, business finance, financial planning and analysis, strategy formation and financial modeling to name a few and currently practicing with specialization in indirect taxation including GST compliance, assessments, adjudication and appellate matters, statutory audit, bank audit (including stock audit), company law matters. "
The GST Invoice Management System (IMS) promises stronger ITC reconciliation, fraud prevention, and invoice-level transparency. However, businesses may face higher compliance costs, vendor dependency, and litigation risks due to increased procedural requirements.
The issue was classification of bundled hotel services under GST. It is clarified that naturally bundled services are taxed as composite supply, while others attract the highest rate as mixed supply.
The Court held that ITC earlier denied as time-barred cannot stand after the retrospective relaxation under Section 16(5), reinforcing substantive credit rights.
Budget 2026 introduces a long-term tax holiday and safe harbour to attract global cloud players to India. The key takeaway is that India is being positioned as a preferred global cloud delivery hub.
The issue was whether leasing a residential property to a company defeats GST exemption. The key takeaway is that exemption depends on residential use, not who the lessee is.
Learn about Input Service Distributor (ISD), its registration, credit distribution process, and compliance requirements under GST effective from April 1, 2025.
