The article argues that Section 76 of the CGST Act provides a complete recovery mechanism against defaulting suppliers, making ITC denial to genuine purchasers legally unsustainable. It analyses constitutional principles, High Court rulings and statutory safeguards under GST law.
This article explains the legal framework governing e-invoicing under GST, including turnover thresholds, IRN requirements and sector-wise exemptions. It also discusses the consequences of non-compliance under Rule 48 of the CGST Rules.
The Bombay High Court held that reopening for AY 2016–17 becomes invalid when sanction is obtained from an authority not prescribed under Section 151(2). The Supreme Court affirmed the ruling by dismissing the Revenue’s SLP on delay and merits.
The article argues that the sharp increase in gold import duty was triggered by pressure on India’s forex reserves, rising oil prices, and widening dollar outflows. It claims the move may revive smuggling, hurt the jewellery sector, and expose deeper weaknesses in economic management.
The piece states that replacing Annamalai as Tamil Nadu BJP President disrupted the partys long-term growth strategy. It suggests the decision reduced BJP s ability to expand its vote share and connect with younger voters.
The article explains that individual tenants paying rent above ₹50,000 per month must deduct TDS at 2% under Section 194-IB. It highlights compliance procedures, filing requirements, and consequences of non-deduction or delayed payment.
SEBI proposes SDI rule changes to align listed securitisation norms with RBI directions, covering SPDE governance, disclosures, trustee changes, and more.
A Discussion Perspective A company is owned by its shareholders and managed by its Board of Directors. However, the framework of corporate governance extends beyond the objective of profit generation alone. Companies today operate within a broader stakeholder ecosystem comprising employees, lenders, creditors, investors, customers, regulators, government authorities and society at large. Contemporary corporate governance […]
Learn Excel, LinkedIn, interview skills, GST, Ind AS, and tech tools after CA exams to improve ICAI placement chances and secure better offers.
India’s new PAN compliance framework introduces stricter documentation and verification requirements for NRIs and foreign entities. The reforms replace old forms and mandate TIN, passport, and authorized representative details.
