The 2023 amendment mandates 28% GST on the entire face value of online gaming bets and casino deposits. This removed earlier ambiguity over taxing platform fees versus total wagers.
Businesses with monthly taxable turnover above Rs.50 lakh must pay at least 1% of GST liability in cash. The rule limits 100% ITC utilisation to prevent fraud and ensure genuine economic activity.
The High Court held that pharma R&D and clinical trial services provided to overseas clients qualify as export under the IGST Act. As the place of supply is the recipient’s location abroad, such services are not liable to GST.
Courts have held that merely forming an Internal Committee is not enough under Section 19(b) of the POSH Act. Employers must display IC details and penal consequences at a conspicuous place, failing which fines up to ₹50,000 and stricter penalties may follow.
Section 4(3) caps Internal Committee membership at three years per nomination. Failure to reconstitute properly can invalidate inquiries.
Clause 247 allows tax officers to access emails and cloud data without a warrant. The article argues this violates privacy and proportionality principles under constitutional law.
Many companies risk invalid inquiries due to wrongly formed Internal Committees and untrained members. Proper constitution and legal preparedness are essential for enforceable outcomes.
The draft directions require compulsory registration once assets cross ₹1,000 crore. Regulatory intensity now rises with systemic importance.
यह लेख बताता है कि धारा 116 करदाता को प्राधिकरण के समक्ष प्रतिनिधि के माध्यम से उपस्थित होने का अधिकार देती है। साथ ही अयोग्यता और पेशेवर अनुशासन के नियम स्पष्ट किए गए हैं।
Explains how Section 3 defines the earning year and the taxation year under the Income-tax Act. Clarifies why income earned in one year is taxed in the next.
