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Electricity Under GST: Clarificatory Circular cannot Override Constitutional & Statutory Protections

August 6, 2025 10680 Views 0 comment Print

A recent CBIC circular suggests GST on electricity charges recovered by landlords from tenants, raising concerns over constitutional overreach and its impact on the real estate sector.

Faceless Assessment under Section 144B of Income Tax Act

August 6, 2025 9444 Views 1 comment Print

Learn how India’s Faceless Assessment Scheme works under Section 144B. This summary explains the roles of various units and the step-by-step workflow for tax assessments.

Taxation of Virtual Digital Assets (VDAs) in India: Impact on investors & traders

August 6, 2025 7320 Views 2 comments Print

Government rolls out a formal tax regime for Virtual Digital Assets (VDAs) like cryptocurrencies, Non-Fungible Tokens (NFTs), and similar cryptographic tokens.

Hyatt International’s India Operations Held Taxable: SC Clarifies Scope of PE

August 6, 2025 1479 Views 0 comment Print

Supreme Court clarifies the scope of PE in India, ruling that Hyatt International’s operations are taxable under Indian law.

RAID against a GST Consultant – Call to save Tax Profession & Amend section 67 of CGST Act

August 5, 2025 1848 Views 0 comment Print

The Delhi High Court criticized a raid on an advocate’s office under Section 67 of the CGST Act, affirming that professionals should not be harassed unless personally involved in illegality.

Is Supply Chain Finance Financial Debt? The IBC’s Grey Area

August 5, 2025 1080 Views 0 comment Print

This analysis examines how Structured Supply Chain Finance (SSCF) fits into the Insolvency and Bankruptcy Code (IBC). It explores the ambiguity of classifying SSCF as financial debt and the implications for creditors.

Resolutions under Companies Act, 2013: Types & Requirements

August 5, 2025 8415 Views 0 comment Print

Understand the different types of resolutions under the Companies Act, including Board, Ordinary, and Special resolutions. Learn the distinction between Ordinary and Special Business and which resolution type is required for various company decisions.

GST Order Quashed for Non-Issuance of ASMT-10 and DRC-01

August 5, 2025 2499 Views 0 comment Print

Himachal Pradesh High Court sets aside tax demand against Hindustan Construction Company, directing a fresh review of factual and legal issues by the Assistant Commissioner.

GST Paid on Intra-State or Inter-State Supply Later Held Wrong: Refund & Time Limit

August 4, 2025 7548 Views 2 comments Print

Learn about GST refund eligibility under Section 77 of the CGST Act and Section 19 of the IGST Act for tax paid on misclassified intra-State and inter-State supplies.

Key Differences between SME IPO and Mainboard IPO

August 4, 2025 3492 Views 0 comment Print

Learn the key differences between SME and Mainboard IPOs, covering eligibility, regulations, investor base, and compliance requirements for companies and investors.

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