After 8 years, India’s GST has unified taxes and boosted revenue. Discover its gains, persistent challenges and upcoming reforms for a more mature tax system.
Explore how repeated corporate defaults under India’s Companies Act, 2013, are penalized. Learn about Section 454A’s enhanced penalties and Section 441’s compounding limits, especially three-year bar for similar offenses.
Understand GST Section 18 on Input Tax Credit availability in special circumstances like new registrations, status changes, and business transfers. Learn eligibility and conditions.
Explore GST Section 17 rules on Input Tax Credit (ITC) apportionment for mixed supplies and a comprehensive list of blocked credits, including vehicles and specific services.
Understand GST Input Tax Credit (ITC) eligibility under Section 16 of CGST Act. Learn conditions, time limits and key requirements for claiming ITC.
Under GST, garments and apparel fall under Chapters 61 (knitted or crocheted) and 62 (non-knitted) of the Customs Tariff Act, 1975. The applicable GST rate is driven by the value of the individual item, not the invoice total.
Understand the interest implications of delayed TDS deductions. Learn about interest rates, calculation periods, principal amount, and tax treatment of interest under the Income Tax Act.
Cross-examination in quasi-judicial proceedings under GST and IDT is not merely a procedural formality but a substantive right that ensures principles of audi alteram partem (hear the other side) are upheld
The Ministry of Corporate Affairs (MCA), via GSR 426(E) dated 27th June 2025, introduced a revised Form INC-22A (ACTIVE) under the Companies (Incorporation) Amendment Rules, 2025. This new e-form is set to come into force on 14th July 2025 and replaces the previous version of Form INC-22A. However, a key question arises: Which companies are […]
MCA transitions all company forms to the V3 Portal by July 14, 2025. Key dates, downtime, and user actions detailed for compliance.
