Explains how GST scrutiny under ASMT-10 can escalate into demand notices under Sections 73, 74 or 74A when discrepancies in returns remain unresolved.
The article examines the issue of whether uploading notices or orders on the GST portal constitutes valid “communication” under Section 169 of the CGST Act, particularly in cases where taxpayers claim they were unaware of such uploads. Section 169 prescribes multiple modes for serving notices and orders, including personal delivery, post, email, publication, or making […]
Form GST PMT-09 is a facility provided under the GST law that enables a registered taxpayer to transfer or adjust balances available in the electronic cash ledger between different major heads and minor heads. The article explains the applicability and practical use of Form GST PMT-09, particularly for transferring cash balances within the same GSTIN […]
Complete guide to company-to-LLP conversion covering legal provisions, Section 47(xiiib) tax exemption, conditions, benefits, and step-by-step procedural compliance.
A significant change proposed in the current Union Budget relates to the disallowance of deduction of interest expenditure incurred on borrowings used for earning dividend income or income from units of mutual funds. The proposal seeks to amend Section 93(2) of the Income-tax Act, 2025, and is intended to come into effect from 1 April 2026.
Section 64 of the CGST Act empowers the proper officer to undertake summary assessment in special cases where any delay is likely to adversely affect revenue. This provision is intended only for urgent situations — for example, unaccounted goods in transit, perishable goods, or fly‑by‑night dealers where immediate crystallisation of liability is essential. It is an exception […]
Karnataka HC allows refund of accumulated ITC under inverted duty structure, holding refund cannot be denied merely because input and output goods fall under same HSN.
Bombay High Court dismissed plea seeking space for namaz at Mumbai airport, holding that security concerns outweigh religious requests in high-security zones.
The ITAT held that revisional powers under Section 263 cannot be exercised when the Assessing Officer has already examined the issues during scrutiny. Mere disagreement with the assessment cannot justify revision.
SC held that creditors may initiate insolvency proceedings against both principal debtor and corporate guarantor simultaneously. Ruling confirms that co-extensive liability permits parallel CIRP under IBC.
