The Supreme Court has set aside an FIR in a land dispute, ruling that a breach of contract does not constitute a criminal offense when a civil suit is pending.
Learn about the voluntary company strike-off process in India. Understand the legal provisions, conditions, and step-by-step procedure for removing a company’s name from the Register of Companies.
The 56th GST Council meeting introduced major reforms, including rate reductions on essentials and increases on luxury goods. Businesses must prepare for these changes.
Learn about GST interest on delayed payments. A summary of Section 50 of the CGST Act explains that interest is on cash-paid tax, with conditions and exceptions.
Know who is liable to pay advance tax, how to compute it, due dates for instalments, exemptions, and payment methods under the Income Tax Act.
The ITAT quashed an assessment against Karan Motors, ruling it was void because the Income Tax Department failed to prove the ACIT’s jurisdiction to act as the Assessing Officer.
Explore the core of India’s GST system: Input Tax Credit (ITC). Learn how it works, its legal framework, common challenges for businesses, and key judicial decisions.
The GST Council has reduced taxes on renewable energy devices. Solar cookers, wind mills, and hydrogen vehicles will now be taxed at a lower 5% rate.
The 56th GST Council meeting introduced new tax rates. Find out which goods—from food to electronics and cars—have become cheaper or more expensive.
The 56th GST Council approved a 2-tier structure with 5% and 18% rates, affecting cars, electronics, and household goods. This overhaul aims for simplification and consumer relief.
