The Court held that ITC earlier denied as time-barred cannot stand after the retrospective relaxation under Section 16(5), reinforcing substantive credit rights.
The ordinance promises social security for platform workers but lacks enforceable timelines, deterrent penalties, and operational clarity, limiting its real-world impact.
Individual term and health insurance premiums become GST-free from 22 September 2025. Agent commissions and mutual fund distribution taxes remain unchanged, preserving existing compliance rules.
FAST-DS 2026 targets inadvertent non-reporting such as dormant bank accounts or foreign RSUs. It allows clean-up at a significantly lower cost with legal certainty.
The new reassessment framework mandates enquiry, hearing, and a reasoned order before reopening. Courts now test jurisdiction on procedural compliance, not mere allegations of escaped income.
India has moved from a uniform ITR deadline to a category-based system linked to audits and income complexity. The reform improves compliance efficiency while remaining rooted in statutory authority.
The Budget cuts harsh tax rates, eases appeal deposits, and extends filing timelines to reduce compliance stress. It signals a shift toward certainty, lower litigation, and voluntary compliance.
Form GST DRC-01A is intended to inform the taxpayer about the proposed demand and to provide an opportunity either to discharge the liability voluntarily or to submit an explanation before formal adjudication proceedings are initiated. It is a facilitative provision designed to promote voluntary compliance and reduce avoidable litigation.
This guide explains how inclusions and exclusions determine claim outcomes in bike insurance. Understanding these terms helps avoid rejections and unexpected shortfalls.
The court held that assessment orders issued in the name of a deceased person are void. Fresh proceedings must be initiated against legal heirs, with recovery limited to the estate.
