The note highlights gaps in existing tax provisions affecting families, seniors, and small investors. It suggests targeted reforms to make tax outcomes more balanced and predictable.
The India–European Union Free Trade Agreement (FTA) is a comprehensive pact covering trade in goods, services, rules of origin, trade remedies, intellectual property, sustainable development, and institutional mechanisms. On goods, the EU commits to eliminating tariffs on nearly 97% of tariff lines covering over 99% of India’s export value, delivering early gains across sectors such […]
This article explains how Section 6 of the CGST Act reconciles single interface with cross-empowerment. It highlights how taxpayers are protected from dual control while enabling effective GST enforcement.
The Court clarified that abetment requires proof of the accused’s intention to instigate suicide. Angry words spoken in a quarrel, without mens rea, do not meet the threshold.
The authority held that filing an e-form with wrong particulars constitutes a completed contravention. Later requests to mark the form as defective do not eliminate penalty liability.
The Tribunal held that discounts given to stockists in pharmaceutical distribution are part of sale transactions on a principal-to-principal basis. As no commission was paid, TDS under section 194H was held inapplicable.
Businesses are seeking a cap on dividend taxation for resident shareholders to address double taxation concerns. The proposal aims to align domestic taxation with global standards and improve investment sentiment.
Rule 87(14) now permits moving unutilised IGST cash from one GSTIN to another under the same PAN via PMT-09, easing blocked cash issues while preserving GSTIN independence.
Following judicial criticism of delayed appeals, officers urged structural reforms to fix institutional gaps rather than penalising individual officers.
With repeated technical failures hampering compliance, officers requested formal absolution from blame. The letter emphasizes collective institutional responsibility over individual accountability.
