Explains how routine corporate operations and mismanagement can cross into criminal fraud, highlighting the role of intent in triggering serious legal consequences.
This article clarifies when e-invoicing is mandatory for export supplies under GST. It explains that only taxable exports require e-invoices, regardless of whether an LUT is filed. The key takeaway is that LUT affects tax payment, not e-invoice applicability.
In recent interactions with taxpayers across sectors, a recurring concern is the intensity of GST compliance oversight. Most of the time, notices arrive often without prior interaction, deadlines feel tighter, and even small compliance gaps can trigger scrutiny from the GST department.
The Goods and Services Tax was introduced with the promise of simplification, uniformity, and certainty. However, for several years after its implementation, GST functioned with a deficiency—the absence of the Goods and Services Tax Appellate Tribunal (GSTAT). A tax system no matter how well designed cannot operate effectively without a credible and accessible dispute resolution mechanism.
The evolution of India’s financial architecture is increasingly defined by the tension between rapid digitisation and the persistent exclusion of a significant portion of the population from formal credit channels.
As we reflect on the supreme law of our land, it is vital to look beyond the celebrations and understand the intricate process of how this monumental document came into effect, the turbulent backdrop against which it was framed, and why it stands distinct in the pantheon of global constitutions.
Introduction of RSP-Based Valuation for Notified Tobacco Products (Effective from 01.02.2026) Introduction – General Principle of GST Valuation Under the GST Act, tax is levied on the transaction value, i.e., the Consideration[1] agreed between the supplier and the recipient for the supply of goods or service Accordingly, GST is computed on the actual price charged […]
Explore the nuances of overseas education facilitators under GST and the distinction between intermediary services and export of services.
GST Refund on Education Consultancy Services Post K C Overseas Education: Scope of Section 54 and Limitation – Interplay of Section 54, Explanation (2)(d) and Limitation under the CGST Act, 2017 1. Introduction The judgment of the Supreme Court in K C Overseas Education Pvt. Ltd. has finally settled a long-standing controversy under the Goods […]
जीएसटीएन ने दिनांक 23.01.2026 को एक महत्वपूर्ण एडवाइजरी जारी की है, जिसमें कुछ अधिसूचित तंबाकू एवं उससे संबंधित उत्पादों के लिए Retail Sale Price (RSP) आधारित वैल्यूएशन और रिपोर्टिंग व्यवस्था को स्पष्ट किया गया है। यह एडवाइजरी Central Tax Notifications संख्या 19/2025 एवं 20/2025, दिनांक 31 दिसंबर 2025 के अनुसरण में जारी की गई है, जिसके अंतर्गत 1 फरवरी 2026 से जीएसटी की गणना वास्तविक लेन-देन मूल्य (Transaction Value) के बजाय पैकेज पर अंकित RSP के आधार पर की जाएगी।
