Explains why denial of an SPL-02 waiver under Para 4(4) is incorrect when interest and penalty stem from a Section 73 adjudication. Clarifies that such cases rightly qualify for Section 128A relief.
Rising medical costs and low coverage make health insurance critical. Learn how modern plans protect your finances while offering tax benefits under Section 80D.
Stay compliant this December with key Income Tax and GST due dates. Learn the deadlines for TDS, Advance Tax, GSTR-1, GSTR-3B, and GSTR-9/9C to prevent penalties and interest.
The Act mandates registration, social security benefits, and grievance redressal for gig workers, aiming to formalize the digital platform economy while protecting workers rights.
The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from 2026-27.
The High Court held that GST demands cannot exceed the quantum stated in the show cause notice. Confirming nearly triple the SCN amount without fresh notice violated Section 75(7) and natural justice, leading to complete quashing of the order.
The Court ruled that PoK is part of India, making cross-LoC trade intra-state and taxable. GST notices were upheld, and traders must pursue statutory remedies.
Explains why ITC reversal is still mandatory when capital goods are exported and clarifies how Section 18(6) operates despite zero-rating benefits.
Explains the updated reporting structure for ITC reclaimed in FY 2025–26, clarifying which tables apply for Rule 37/37A and other reversals.
Explains how recent judicial interpretations under the Code have strengthened creditor rights by upholding independent and co-extensive guarantor liability.
