Explains the complete process for filing appeals before GSTAT, including the three-month limitation period and mandatory pre-deposit requirements. Highlights that compliance with procedural rules is essential for admissibility and automatic stay of recovery.
The issue concerns differing tax treatment of single-member US LLCs in India and the US. The position clarifies that India taxes global income regardless of US classification, requiring proper reporting.
A clear guide explaining how both the 1961 and 2025 tax laws will coexist, and why professionals must apply each depending on the assessment year.
Explains how the 2026 amendment expands refund eligibility to input services and capital goods, correcting earlier restrictions that caused major cash flow issues.
This guide explains the legal requirements for GST TDS under Section 51 and Rule 66, including rates, thresholds, and applicability. It highlights that deductors must file GSTR-7 by 10th May 2026 and issue TDS certificates to suppliers.
Explains that merely filing GST returns does not ensure compliance, as errors in ITC claims, turnover, or classification can trigger scrutiny. It highlights how GST authorities rely on data analytics to detect mismatches.
Explains how the Court held that insolvency proceedings cannot be used as a pressure tactic for debt recovery. Even if default is proven, tribunals must consider broader circumstances before admitting cases.
BIS FMCS becomes compulsory when products fall under Quality Control Orders, restricting imports without certification. The key takeaway is that foreign manufacturers must ensure full compliance before entering the Indian market.
The audit highlights how incorrect CBS parameterization and weak internal controls lead to significant revenue leakage. It stresses strict verification and monitoring mechanisms to prevent income loss.
The issue addresses the consolidation of multiple presumptive taxation provisions into a single section. The framework simplifies compliance while retaining key conditions and safeguards for taxpayers.
