Complete trading accounts, stock valuations, and GST reconciliations are essential to avoid delays and payment reductions in stock loss insurance claims.
Learn the key elements—Trading Account, stock statement, GST reconciliation, and supporting evidence—that strengthen flood, fire, or water damage insurance claims.
The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially preferable.
The Court held that Section 5(c) of the POCSO Act was prima facie inapplicable as the accused did not qualify as a public servant. On this basis and due to prolonged incarceration, the life sentence was suspended pending appeal.
The Court clarified that for GST purposes, place of supply is determined by where goods reach the buyer, not where ownership changes. Supplies involving inter-state movement remain inter-state even if title passes earlier.
Taxpayers who applied the old ₹3 lakh limit can still correct the mistake by revising their return. Revision before the deadline is the quickest way to secure refunds under the enhanced ₹25 lakh exemption.
Explore why some national currencies stay strong in 2025, driven by trade surpluses, oil wealth, currency pegs, low inflation, and central bank reserve strategies.
Automated risk alerts are delaying income-tax refunds without clear reasons. The law allows withholding only through statutory processes, not internal analytics.
Courts examine whether writ jurisdiction can override strict GST appeal timelines. Relief is possible only in rare cases of serious injustice, not as a routine bypass.
Use a days calculator to track GST, ITR, TDS, and ROC deadlines in India. Calculate exact days for tax compliance and avoid penalties.
