GST on rental income has evolved significantly since 2017, with several transactions now covered under Reverse Charge Mechanism. This guide explains when landlords or tenants are liable to pay GST on rented properties.
The Supreme Court is set to examine whether GST show cause notices covering multiple financial years are legally valid. The outcome will determine whether departments must issue separate year-wise notices or can continue consolidated proceedings.
The Allahabad High Court held that filing or pendency of a stay vacation, recall, or modification application does not suspend an operative court order. The Court ruled that subsisting judicial directions must be obeyed unless specifically stayed or vacated.
The SOP clarifies that resolutions by circulation may be used for urgent business where convening a Board meeting is impractical. It confirms that such resolutions have the same legal effect as resolutions passed at a duly convened Board meeting.
The article examines whether Telangana’s new Advocates Protection Act can effectively curb violence, harassment, and malicious prosecution against lawyers. It highlights the Act’s strengths while questioning enforcement challenges and the absence of fast-track courts.
The article argues that differences between BJP leadership and Annamalai are strategic rather than ideological. It urges reconciliation to strengthen the party’s prospects and advance its political objectives in Tamil Nadu.
GSTAT has been constituted as the long-awaited second appellate forum under the GST regime. The key takeaway is that taxpayers now have a specialized mechanism for challenging GST appellate and revisional orders.
The article explains why a PSARA License is compulsory for operating a private security agency in India. The key takeaway is that agencies cannot legally provide security guards or security services without obtaining this license.
Recent ITAT rulings clarify that presumptive taxation depends on statutory classification under the Income Tax Act. The key takeaway is that business income cannot be reclassified as professional income merely because services are rendered.
The article examines how the PMLA’s broad asset retention powers interact with the IBC’s clean-slate protection under Section 32A. The key takeaway is that ED actions may continue during CIRP, but approved resolution plans can ultimately free corporate assets from prior taint.
