ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid. The burden of proof lies on the department.
Highlights how the EMI Scheme allows businesses to defer duty payments, easing working capital pressure while improving operational efficiency.
Explains that outsourcing does not transfer legal responsibility under the DPDP Act. Data fiduciaries remain fully liable for vendor-related breaches and compliance failures.
Explains how suppliers may face denial of output tax reduction when recipients cannot reverse ITC after deregistration. Highlights the risk of double tax benefit and need for safeguards.
A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal highlights improved efficiency, accuracy, and centralized monitoring.
A common GST issue in export of services relates to the correct exchange rate for currency conversion, often misunderstood by professionals. Many incorrectly apply the Customs notified exchange rate, which is applicable only to import and export of goods. For services, the correct provision is Rule 34(2) of the CGST Rules, 2017, which mandates that […]
The issue highlights mandatory annual return filing for LLPs. The key takeaway is that delayed filing attracts heavy daily penalties, making timely compliance essential.
The framework enables wider access to GST appeals through online filing. However, procedural and portal limitations may hinder smooth justice delivery for taxpayers.
The issue explains how businesses qualify as local suppliers under procurement rules. The key takeaway is that proper local content declaration boosts tender eligibility and credibility.
The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but compliance requires system updates.
