The article explains how buyers can lose Input Tax Credit even after paying suppliers on time if the supplier fails to deposit GST with the Government.
The article explains that architectural, accommodation, and related immovable property services are governed by Section 12(3) of the IGST Act. It clarifies that the place of supply is linked to the property location rather than the recipient’s location.
The omission of Section 13(8)(b) of the IGST Act allows intermediary services provided to overseas clients to qualify as exports. The amendment removes the 18% GST burden and strengthens India’s global service competitiveness.
A comprehensive guide explaining taxation of house property income, annual value computation, deemed ownership, and deductions under the Income Tax Act, 2025. Covers practical examples and key compliance requirements for taxpayers.
A detailed guide explaining appellate procedures, drafting of grounds of appeal, and preparation of Statement of Facts under Income-tax law. The article highlights how proper drafting significantly influences appellate success.
Explains how Section 16(2)(c) links ITC eligibility to supplier tax payment, causing hardship for bona fide taxpayers even when invoices, payments, and goods are genuine.
The article explains that companies handling large-scale or sensitive personal data should proactively prepare for possible Significant Data Fiduciary classification under the DPDP Act. It highlights governance, security, and operational compliance measures required before May 2027.
The article explains how RBI’s revised Loan-to-Value framework in 2026 makes EMI calculators crucial for determining accurate gold loan eligibility and repayment planning. It highlights the role of calculators in managing borrowing risks and improving financial decisions.
The article explains major transitional issues arising from the shift from the Income-tax Act, 1961 to the Income-tax Act, 2025. It highlights CBDT FAQs, Section 536 implications, appeal procedures, notices, search cases, refund adjustments, and compliance changes.
The article explains how audit and accounting systems help maintain financial transparency, accountability, and investor confidence in companies and organizations. It also discusses market volatility, economic risks, and sectoral growth trends influencing businesses in India.
