The GST framework for hotel accommodation and restaurant services has been revised, effective April 1, 2025, as per Notification No. 05/2025 – Central Tax (Rate). The concept of “declared tariff” is replaced with actual transaction value for determining GST rates. Hotels offering accommodation above ₹7,500 per day are automatically classified as “specified premises,” enabling them […]
Understand AIS and TIS on the Income Tax portal. Learn why these detailed financial statements are crucial for accurate ITR filing and avoiding discrepancies.
SEO Meta Description: This analysis examines whether adjudication authorities can verify Section 16(2) ITC eligibility when processing rectification applications under Section 16(5) of the CGST Act, even if the original notice only cited Section 16(4).
Explore the clash between India’s GAAR and DTAAs, examining how domestic anti-avoidance provisions interact with international tax commitments and the impact on taxpayers.
Allahabad HC has suspended Rs 500 charge for photo identification on affidavits, deeming it unlawful and a barrier to justice. Court also mandated acceptance of notarized affidavits.
Driving on Indian roads is not a cakewalk, but it takes adeptness and presence of mind to avoid accidents. For this reason, the Government of India is encouraging the introduction of digital platforms in all states, which will help reduce accidents on highways and roads.
Learn the top 7 margin trading mistakes to avoid, from poor risk control to ignoring costs and research. Protect your capital with smarter strategies.
SEO Meta Description: Understand Section 56(2)(x) of the Income Tax Act, 1961, which taxes gifts and property transfers without or for inadequate consideration, covering scope, taxable transactions, and key exemptions for specified relatives.
The IBBI’s 3rd Amendment Regulations, 2025 streamline corporate insolvency resolution by introducing new forms (CP-1 to CP-5) to improve transparency, timeliness, and accountability in reporting.
Explore the Doctrine of Merger, a common law principle ensuring judicial discipline by merging subordinate court decisions with superior forum rulings, analyzing its scope, exceptions, and applicability across legal proceedings.
