GST Audit Checklist Explained: Compliance Failures That Trigger Tax, ITC Reversal & Deemed Supplies; GST Audit Reveals ITC Risks Due to Section 16, Rule 42/43 & RCM Non-Compliance; GST Audit Checklist: Why Incorrect Classification, LUT Lapses & Export Errors Invite Scrutiny; GST Audit Findings Explained: Vendor Payment Delays, Capital Goods Sale & ITC Reversal Issues; […]
In the last two years, dozens of Indian startups—across SaaS, D2C, fintech, and tech sectors—have faced down-rounds, flat rounds, or even investor exits at lower valuations. Despite strong user growth, many founders discovered the hard way that overvaluation is not a badge of honour—it’s a trap. In 2025, with new RBI, CBDT, and Companies Act […]
The Supreme Court has confirmed that Rule 86A cannot be used to create negative ITC balances, reinforcing that recovery must follow statutory adjudication.
Updated 2024 Rules and RBI Directions make FEMA compounding structured and data-driven. Early, voluntary filings are key, while serious violations remain ineligible.
Madhya Pradesh offers up to ₹3,000 per seat per month as rental support, with the ruling focus on easing early operational costs while enforcing eligibility and district-based limits.
ICAI’s recommendation to accept audit fees only through banking channels promotes transparency but highlights challenges for practitioners serving cash-dependent clients.
Section 119(2)(b) applications enable retirees to claim leave encashment exemption up to ₹25 lakh, condoning delays in filing revised returns.
This article explains how Section 137 of the Central Goods and Services Tax (CGST) Act, 2017 deals with offences committed by companies and other organisations under the GST law.
Explains how regulatory changes have made professional valuation mandatory and the risks of ignoring compliance.
Explains when writ petitions are maintainable against revenue authorities and the legal principles guiding judicial interference.
