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IntroductionThis article delves into the rights of homebuyers to file complaints and the jurisdiction of the Real Estate Regulatory Authority (RERA) in hearing complaints against unregistered real est...

Navigating Arrest Mechanisms in India’s Customs and GST LegislationsThe evolving judicial perspective on the powers of tax authorities to arrest assessees under the Customs Act, 1962, and the Central...

1. Overview of the High Court's DecisionA pivotal judgment by the Madras High Court in the case of Tvl. Jainsons Castors & Industrial Products v. Assistant Commissioner (ST) has provided crucial guida...

1. IntroductionUnderstanding the timeline for GST appeals is crucial. As per Section 107 of the Central Goods and Services Tax (CGST) Act, 2017, an appeal must be filed within four months of receiving...

Overview of Supreme Court RulingThe Supreme Court recently examined a collection of petitions concerning arrest powers under the Customs Act, 1962, and the Central Goods and Services Tax Act, 2017, fo...

Overview of Restaurant ServicesDefinition:As detailed in Notification No. 11/2017 dated 28th June 2017, amended by Notification No. 20/2019 dated 30th September 2019, "Restaurant services" encompass t...

Understanding the GST Composition SchemeThe Composition Scheme's primary goal is to simplify tax procedures for smaller businesses. With eligibility linked to an annual turnover of less than INR 1.5 c...

1. Introduction to ISD under GSTThe Input Service Distributor (ISD) concept under Goods and Services Tax (GST) in India traces its roots back to the Service Tax regime. This concept was integrated int...

Overview of Input Service Distributor (ISD)The ISD framework under the Goods and Services Tax (GST) scheme permits organizations with various locations to centrally accrue and allocate Input Tax Credi...

A surcharge represents an additional levy on the computed income tax (not the overall income) when individuals or entities surpass set income thresholds. This applies to individuals, Hindu Undivided F...

Introduction to Tax Regimes: Evolution and Options The 'New Tax Regime' was first introduced in the 2020 Budget. Since then, assessees have been provided with two choices: transitioning to the new tax...

Introduction:The GST Amnesty Scheme 2024 becomes active starting November 1, 2024, offering relief from interest and penalties concerning tax demands for the fiscal years 2017-18, 2018-19, and 2019-20...

Overview:The Income Tax Bill of 2025, tabled in the Parliament on February 13, 2025, introduces pivotal revisions to the tax framework aimed at modernization and simplification. During the budget addr...

1. Overview of the Case M/s. Welter Securities Limited, being a listed entity, was required to appoint a secretarial auditor starting from the fiscal year 2016-17, as stipulated under section 204 of t...

Introduction to SEBI's ProposalThe Securities and Exchange Board of India (SEBI) has introduced a consultation paper on February 7, 2025, aimed at harmonizing the regulations concerning the appointmen...

Overview: The Board of Directors at XYZ Private Limited has adopted a resolution to amend the company's Memorandum of Association (MoA) as per Section 13 of the Companies Act, 2013. This amendment aim...

In a groundbreaking verdict, the Supreme Court in "Godrej Projects Development Ltd. v. Anil Karlekar" has determined that the forfeiture in disputes involving homebuyers should not exceed 10% of the B...

Understanding Section 69: Unexplained InvestmentsSection 69 of the Income Tax Act empowers the Assessing Officer to identify and tax investments made by the assessee in the previous year that are not...

Preferred stocks, or preference shares, act as a distinct form of equity offering dividend priority over common shareholders. They provide owners with the privilege of receiving payouts before equity...

March 2025 entails significant tax compliance responsibilities under the Income Tax Act, 1961, and the Goods and Services Tax (GST) regulations. For Income Tax, critical deadlines involve submitting c...