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Tokenisation of Real Estate in India: Revolutionising Property Ownership
1. Introduction: Transforming Real Estate InvestmentIndia’s real estate sector has always been the cornerstone of wealth creation—anchored by its tangibility and cultural value. However, its illiquid...
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SEBI’s Dual Reforms: Simplifying IPOs for Companies and Retail Investors
IntroductionPreparing for an Initial Public Offering (IPO) in India involves numerous procedural and regulatory checks. However, two persistent issues often hinder the process for both companies and r...
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Bombay High Court: No Limitation Under Section 54 on Interest for Unlawfully Collected Ocean Freight GST
IntroductionThe Bombay High Court, in the matter concerning West India Continental Oils Fats Pvt. Ltd. versus Union of India and others, decisively addressed the issue of levy and refund of IGST under...
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Comprehensive Overview of Charge Registration Under Indian Company Law
1. Introduction to Charge RegistrationSections 77 to 87 of the Companies Act, 2013, together with the Companies (Registration of Charges) Rules, 2014, lay down the statutory requirements for the creat...
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Staggered Submission of Appeals to the GST Appellate Tribunal: A Comprehensive Guide
Introduction to Staggered Appeal Filing Before GSTATThe Goods and Services Tax Network (GSTN), which manages the common GST portal, has observed a substantial number of appeals submitted and resolved...
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Taxation on Acquisition of Software from Foreign Vendors without a Permanent Establishment in India: GST and Income Tax Analysis
Introduction: Cross-Border Software Procurement and Tax ConsequencesIn the digital economy, Indian assessees—both businesses and individuals—frequently purchase software and digital tools from oversea...
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Comprehensive Guide to Inverted Duty Structure (IDS) under GST: Provisions, Practical Aspects, and GST 2.0 Implications
Overview of Inverted Duty Structure under GSTIn the GST framework, tax is imposed at every stage of the supply chain, with input tax credit (ITC) generally allowed for taxes paid on inputs and input s...
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Unraveling Rule 37A: A Chartered Accountant’s Guide to India’s Strictest Input Tax Credit Regulation
Introduction: The Significance of Rule 37A in GST ComplianceRule 37A has emerged as a major challenge for businesses under the Indian GST regime. Despite complying with all standard requirements—such...
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Recent Modifications in GSTR-9: Detailed Analysis of Table 8C & Table 13 Reporting for FY 2024–25
Introduction: Scope and PurposeThe present discussion focuses on the substantial revisions made to Table 8C and Table 13 of Form GSTR-9 for the financial year 2024–25, as mandated by Notification No....
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Permanent Account Number (PAN): A Comprehensive Overview
Introduction to PANWhat is a Permanent Account Number?PAN, or Permanent Account Number, is a unique ten-character alphanumeric identifier issued by the Indian Income Tax Department. This number is ess...
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Comprehensive Overview of the Annual Information Statement (AIS) for Income Tax Reporting in India
Introduction to AIS and Its Legal FrameworkThe Annual Information Statement (AIS) represents a consolidated annual summary of an assessee’s financial and tax-related transactions for a particular fina...
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GST Implications on Spent Catalyst: Classification, E-Way Bill, and Compliance Concerns
Introduction to GST and Product ClassificationGoods and Services Tax (GST) was implemented in India from July 1, 2017. India adopted the World Customs Organization (WCO) guidelines for classifying goo...
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Supreme Court on Deduction of Sub-Contractor’s VAT Turnover from Main Contractor’s Turnover: Key Principles to Avoid Double Taxation
Introduction to the Supreme Court Ruling(i) Background and Legal Dispute(a) In the landmark case of Authority for Clarification and Advance Rulings, Gandhinagar, Karnataka & Anr. v. M/s Skyline Constr...
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Supreme Court Affirms ITC Rights of Genuine Assessees Despite Seller’s Tax Non-Compliance
OverviewOn 9 October 2025, the Supreme Court of India delivered a pivotal ruling in The Commissioner, Trade & Tax, Delhi v. Shanti Kiran India (P) Ltd. (CA No. 2042-2047/2015), addressing whether inpu...
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The Crucial November 30th Deadline under GST: What Every Business Needs to Know
Overview: The Significance of November 30th in GST ComplianceEvery year, the Goods and Services Tax (GST) framework in India sets a series of deadlines that carry significant legal and financial reper...
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TDS Deduction for Senior Citizens Aged 75 Years and Above under Section 194P
Introduction to Section 194P: TDS Relief for Senior CitizensSection 194P of the Income-tax Act, 1961, provides significant relief to resident senior citizens aged 75 years or more by exempting them fr...
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Protection of Genuine Purchasers from Section 74 GST Proceedings: Insights from Allahabad High Court (M/s Singhal Iron Traders Judgment)
Overview of the Case(i) Background and Legal Question(a) The core issue in the matter of M/s Singhal Iron Traders vs. Additional Commissioner and Another (WRIT TAX No. 1356 of 2022, decided on 26 Sept...
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Can GST Registration Be Cancelled Due to Procedural Lapses? A Judicial Overview
1. OverviewThe question of whether procedural lapses alone can justify cancellation of GST registration has been a point of significant legal debate since the implementation of the Goods and Services...
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GST Exemption on Transfer of Real Estate Business Units as Going Concern: Insights from Gujarat AAR
Background and Context(i) Overview of the CaseThe Gujarat Authority for Advance Ruling (AAR), in its decision dated October 09, 2025, in the matter involving RDB Realty & Infrastructure Limited (Advan...
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Revised Procedures and Optional Disclosures in GSTR-9 and GSTR-9C for FY 2024-25
IntroductionThe deadline for submitting GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY 2024-25 is approaching, prompting assessees and tax consultants to reassess the updated req...