The article highlights conflicts between Sections 9 and 35 of the CGST Act when post-supply adjustments arise under reverse charge. While imports of goods are partly clarified, services remain legally uncertain.
FEMA compliance impacts cap tables, ESOPs, and foreign investments. Startups that embed compliance from Day One reduce deal delays and regulatory risks while boosting investor confidence.
The Karnataka HC ruled that taxpayers accused of GST offences with maximum punishment under five years need not face mandatory custodial interrogation, even in large fake ITC cases.
The High Court ruled that compensation, penalties, and liquidated damages for contract breaches are not subject to GST, as they are not consideration for a supply. Key takeaway: GST applies only to actual supplies, not contractual failures.
GSTN will soon enforce system-level blocking if ITC reclaimed or RCM ITC exceeds ledger balances. Key takeaway: taxpayers must reconcile ledgers to avoid filing errors.
Courts have validated the faceless assessment framework while insisting on strict adherence to fairness. The key takeaway is that efficiency cannot override the right to a meaningful hearing.
This article explains how the UAE’s APA regime reduces transfer pricing disputes. The key takeaway is enhanced predictability for complex related-party transactions.
This article explains how GST applies by defining supply, bundled transactions, and tax levy. The key takeaway is that understanding these sections prevents misclassification and disputes.
This article breaks down GST rates on hotels, air travel, tour packages, and food. The key takeaway is how composite tour structures affect the final tax cost.
The analysis explains how restricting PPIRP to MSMEs is causing missed opportunities for value preservation. It highlights why larger corporates may benefit more from a regulated pre-pack framework.
