This guide explains the legal process for striking off companies under Section 248 of the Companies Act, 2013. It covers eligibility, procedures, ROC powers, and the legal consequences of company dissolution.
ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory timelines. The FAQs explain how taxpayers can rectify such reporting errors through future GSTR-3B adjustments.
The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified which audit forms will count toward the limit and how assignments across firms, branches, and revised reports will be treated.
The Madras High Court held that common packaging elements, graphics, and colour schemes do not automatically create a “brand name” under GST law. The ruling clarifies that exemption cannot be denied merely due to visual similarity where enforceable brand rights are relinquished.
Escalating geopolitical tensions around the Strait of Hormuz triggered sharp increases in crude oil prices and heightened fears of global supply disruptions. The analysis highlights India’s growing import vulnerability and the broader impact on financial markets.
Courts held that GST offences covered under the CGST Act must follow the special procedure prescribed under the statute. Authorities cannot invoke IPC provisions to avoid mandatory safeguards like prior sanction for prosecution.
Section 132 of the CGST Act allows prosecution, arrest and imprisonment in cases involving fake invoices, bogus ITC and tax fraud. The article explains how GST disputes cross from civil tax proceedings into criminal prosecution territory.
High Courts have ruled that temporary closure of business premises during a GST survey is not by itself a valid ground for cancellation of registration. Authorities must establish fraud or statutory violations with proper evidence and due process.
The Allahabad High Court held that a three-month gap between the alleged harassment and the student’s suicide broke the necessary proximity required under Section 306 IPC. The Court quashed criminal proceedings against the teacher due to lack of direct instigation and mens rea.
The updated Annexure-B utility now requires detailed invoice-wise reporting and system-based reconciliation with GSTR-2B and GSTR-3B, increasing compliance requirements for GST refund claims.
