The dispute arose due to mechanical application of Rule 86B by tax authorities. It was held that satisfying exception criteria allows full ITC usage without cash payment. The key takeaway is that awareness of exceptions prevents unnecessary financial burden.
Eligible businesses must opt for the composition scheme before 31 March 2026. Missing the deadline makes them ineligible for the entire financial year. The key takeaway is that timely filing is crucial to avail simplified taxation benefits.
The law permits refund of input tax credit on exports due to their zero-rated nature. The discussion clarifies refund mechanisms and highlights conditions for eligibility. It underscores that errors in documentation can lead to denial of refunds.
Many tax-saving investments carry hidden costs like STT, expense ratios, and exit loads. The analysis highlights that these charges significantly reduce effective returns despite tax benefits.
Court fees for GSTAT appeals must be calculated separately for each Act involved, ensuring distinct treatment for CGST, SGST, and IGST demands.
Businesses often face loan rejections due to poor credit profiles despite strong operations. The article explains how credit repair enhances creditworthiness, enabling better funding access and improved financial outcomes.
The proposal to remove statutory audits for small companies risks eliminating independent financial scrutiny, potentially weakening transparency and accountability across the corporate ecosystem.
Inventory Valuation under the Income-tax Act, 2025: A Critical Area for Financial, Tax, and Cost Auditors – Analytical Study of Sections 268(5) and 277, Rule 171(2), Form 101 and the Interplay with Form 26
FAQs explaining AGM requirements, timelines, extensions, venue rules, and compliance under the Companies Act, 2013, including provisions for OPCs and ROC extensions.
Filing Form 18 is essential to obtain specified business status for housing projects. Without notification, tax benefits under Section 46 cannot be claimed.
