While a combined interpretation of Sub-section (1) and Sub-section (4) of Section 107 of the CGST Act, 2017 establishes a four-month time limit for filing an appeal against a decision or order, it’s important to recognize that the provisions of Section 107 are not absolute.
SEBI’s new secretarial audit regulations create confusion due to misalignment with ICSI guidelines, raising concerns about regulatory oversight and effectiveness.
Supreme Court upholds arrest powers under GST and Customs Acts, ensuring procedural safeguards to prevent misuse. Learn about the legal reasoning and key safeguards.
Taxation plays a key role in reducing income inequality through progressive tax policies, redistribution, and public services. Learn how tax policies impact wealth gaps.
Learn about claiming refunds for excess amounts in your GST Electronic Cash Ledger. Understand the process, requirements, and steps to initiate your refund application online.
Understand tax obligations for freelancers in India, including GST, deductions, advance tax, and compliance strategies to manage tax liabilities efficiently.
Section 34(2) of CGST Act allows a supplier to issue a credit note to adjust the taxable value or tax payable in case of: Post-supply discounts, ,Returns of goods, or Deficiencies in services.
Explore the legal framework and conditions for paying monthly remuneration to Non-Executive Directors under the Companies Act, including shareholder approval and profit-related rules.
The standard deduction is one of the most popular deductions because it makes tax filing easier by lowering taxable income without requiring itemization of deductions. This blog examines the standard deduction’s advantages, qualifying requirements, most current revisions, and contrasts with itemized deductions.
Learn about Section 58 of the Income Tax Bill 2025, which simplifies presumptive taxation for non-residents, including turnover limits, profit calculation, and compliance.