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.
The week saw key developments in income tax, GST, customs, and RBI regulations impacting compliance. The takeaway is a stronger push toward transparency, classification clarity, and financial stability.
The issue addresses managing GST across multiple state registrations and transactions. The analysis highlights that dedicated expertise ensures compliance and avoids penalties.
This article explains how manipulating input tax credit in GSTR-3B without GSTR-2B support is treated as fraud under GST law. It highlights the risk of cancellation, tax recovery, and prosecution for taxpayers and professionals involved.
This explains the mandatory conditions for supplying goods at a concessional GST rate to merchant exporters. It highlights the documentation, verification, and timelines required to retain tax benefits and avoid liability.
A practical overview of the legal procedure, timelines, and filings required for buy-back of shares, highlighting compliance essentials and statutory safeguards.
The updated law clarifies how stay duration and income thresholds determine tax residency status. It holds that only crossing the 182-day limit leads to global taxation, while RNOR status protects foreign income.
