The Supreme Court ruled that residential GST exemption applies where end use is residential, even if a company sub-leases the property. Sub-leasing alone does not trigger GST.
The issue was whether summons under Section 70 trigger formal GST proceedings. Courts held that summons are part of inquiry only, with proceedings commencing later through statutory notices.
The Supreme Court held that directing time-bound investigations should be exceptional and only where undue delay or stagnation is evident, preserving investigative autonomy while protecting Article 21 rights.
The Tribunal held that cash deposits cannot be treated as unexplained income unless books of account are formally rejected under section 145(3).
ITC on Construction of Commercial Buildings for Leasing: Landmark Supreme Court Ruling Overturned by Retrospective Amendment to Section 17(5)(d) The Safari Retreats Pvt Ltd V/s. Chief Commissioner of CGST case is a landmark in clarifying the availability of Input Tax Credit (ITC) for leasing-based business models under GST. The dispute arose when ITC on GST […]
Explores how arbitration is often perceived as confidential, but legal and public interest obligations frequently limit this privacy. The takeaway: confidentiality is relative, not absolute.
Cost audit applies to pharma companies crossing prescribed turnover limits, ensuring transparency and compliance with price controls under the DPCO.
Highlights the most common GST triggers for online sellers, including GSTR mismatches, ITC issues, and credit note errors, helping businesses prevent notices and penalties.
Explains how religious and charitable trusts can comply with FCRA, highlighting proper donation channels, fund utilization, and reporting to prevent suspension or cancellation.
Learn how discrepancies between GST returns and financial statements arise, and discover best practices to reconcile GSTR-9 and 9C accurately to reduce scrutiny and litigation.
