Learn the new GSTR 9 rules for reporting Input Tax Credit in FY 2024-25, including how to correctly record claims, reversals, and reclaims for current and preceding financial years.
Explains how exporting electricity to the grid becomes a taxable “barter” event, making electricity an exempt supply and triggering proportional ITC reversal under Section 17(2).
Tribunal rules that documented proof of shareholder identity and creditworthiness outweigh unverified third-party statements for income-tax purposes.
Supreme Court rules that foreign taxpayers without current projects or PE in India can still set off expenses and depreciation against refund interest.
The Court ruled that trade with PoK falls within India’s taxable territory, attracting CGST and SGST. Key takeaway: PoK is treated as part of India for GST place-of-supply rules.
The amendment raises capital and turnover limits to the highest ever, enabling more companies to qualify for reduced compliance. expanded thresholds unlock major regulatory and cost benefits.
लेख में बैंकिंग कथनों की असंगति से होने वाली समस्याओं और एक मानकीकृत संक्षिप्त सूची लागू करने की आवश्यकता को समझाया गया है। मुख्य takeaway यह है कि एक समान फॉर्मेट ग्राहक सुविधा और बैंकिंग दक्षता दोनों बढ़ाएगा।
The Tribunal held that book profit on sale of a motor vehicle cannot be taxed separately when the sale value is already reduced from the block. It ruled that taxing such profit would cause double taxation.
Learn how Section 67 of the CGST Act empowers authorities to inspect and seize goods or documents, and how taxpayers’ rights are protected.
Discover AI applications that streamline compliance, tax filings, and audits, helping CA firms save hours daily while improving accuracy.
