Explores how GST replaced manufacture and sale with “supply” as the sole taxable event, simplifying indirect taxation and reducing cascading effects.
Explains how residential status under the Income Tax Act, 1961 determines whether an assessee is taxed on global income or only income earned in India.
The law taxes the annual value of property based on ownership, not just actual rent received. Even vacant or self-occupied properties can attract tax under Section 22, reflecting their earning potential.
A comprehensive analysis of ITC under GST, covering statutory conditions, blocked credits, supplier default issues, and landmark judicial interpretations shaping taxpayer rights.
The Supreme Court set aside a High Court order reducing a three-year jail sentence in an attempt-to-murder case, holding that compensation cannot substitute custodial punishment. It stressed proportional sentencing and deterrence.
As the deadline nears, MSMEs face documentation-heavy scrutiny under the scheme. Eligibility depends on structured compliance, not just capital investment.
MCA has split Delhi’s ROC into South and Central jurisdictions effective 16 February 2026. Companies must verify their district mapping and assess compliance implications.
Selecting travel insurance requires assessing medical needs, age-specific coverage, and trip risks. Matching coverage to destination and travel purpose helps avoid costly surprises abroad.
When a scheduled video hearing under faceless assessment is not attended by the officer, the opportunity becomes illusory. The key takeaway: document the failure immediately to protect natural justice rights.
The analysis confirms that export of legal services qualifies as zero-rated supply under Section 16 of the IGST Act. Refund of unutilised ITC cannot be denied merely because domestic legal services attract RCM.
