A summary of 2025 tax changes impacting e-commerce. Key updates include India’s GST TCS rules, the US 1099-K threshold, and EU and UK reporting mandates.
An analysis of the constitutional dispute over GST on mining royalty. The article examines the legal arguments for why taxing royalty falls under State, not Central, power.
AY 2015-16 assessment under Section 153C held time-barred. Judicial rulings confirm six-year limit runs from handing over of seized documents to AO.
INTRODUCTION The Goods and Services Tax (GST), implemented in India in 2017, represents one of the country’s most transformative fiscal reforms since independence. It replaced a highly fragmented indirect taxation structure that previously consisted of multiple central and state-level taxes such as excise duty, VAT, service tax, and entry tax. These older taxes often overlapped, […]
GST rates on a variety of daily use products will be reduced from 12% and 18% to 5%. This includes household goods, personal care items, and bicycles.
GST rates on vehicles are being revised. Smaller cars, bikes, and commercial vehicles will see a reduction from 28% to 18%, while luxury vehicles increase.
Learn about the GST Reverse Charge Mechanism (RCM), where the buyer pays tax instead of the supplier. This system ensures compliance and widens the tax base.
ITAT Delhi rules Section 68 inapplicable as purchases were genuine and creditors identified. ₹3.36 Cr addition deleted in Shiv Hari Singla vs ITO case.
The 56th GST Council meeting reduces tax rates on essentials, insurance, autos, medicines, and more while introducing a simplified two-rate GST structure.
A summary of the 56th GSTC meeting’s outcomes, detailing rate changes on goods and services, and the potential impact on consumers, taxpayers, and state revenue.
