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Compounding of Offences under Indian Company Law: An Analytical Overview
Introduction to Compounding under the Companies Act, 2013Compounding of offences is an essential remedy introduced under Section 441 of the Companies Act, 2013, designed to enable assessees and compan...
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Illicit Trading of GST Sales and Purchase Data: Legal Implications and Immediate Actions for Indian Businesses
Overview of the Issue: Widespread Unauthorised Sale of GST DataIndian businesses are increasingly encountering unsolicited offers from individuals attempting to sell detailed GST sales and purchase da...
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Statutory Interest under Sections 234A, 234B and 234C: Why Waiver Is Not a Matter of Equity
1. Central propositionInterest under sections 234A, 234B and 234C of the Income-tax Act, 1961 is not a discretionary levy. Once the statutory conditions are satisfied, the levy follows automatically....
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Income-tax Return Filing for Assessment Year 2026-27: A Practical Guide Covering Due Dates, Forms, Regimes, Reporting and Common Issues
This guide explains the key return-filing rules applicable for Assessment Year 2026-27, i.e., income earned during Previous Year 2025-26. It covers due dates, return forms, changes in ITR utilities, o...
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Critical Examination of General Penalty under Section 125 vs. Late Fee under Section 47 for GST Return Defaults
Delayed GST Returns: Section 47 Late Fee Ordinarily Bars Residuary Penalty Under Section 125 Unless Default Is Deliberate or PersistentHighlightsStatutory Compliance Obligation Under Section 39Section...
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Madras High Court Holds Section 74 GST Notice Needs Prima Facie Appearance of Fraud, Not Prior Proof; But Material Basis Remains Mandatory
HighlightsSection 74 notice can be issued on prima facie materialIn Fastenex Private Limited v. State Tax Officer [2026] 188 taxmann.com 219, a batch of writ petitions before the Madras High Court rai...
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GST Treatment of Global Procurement Centres: What the Dow Chemical GSTAT Decision Means for MNCs
The decision of the Goods and Services Tax Appellate Tribunal in the case of Dow Chemical International Private Limited, India [2026-VIL-26-GSTAT-DEL] is an important ruling for multinational groups t...
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Consolidated GST Notices Across Financial Years: What the Gauhati High Court Has Clarified
1. The core controversyThe Gauhati High Court, in M/S Tata Projects Limited, Assam v. Union of India and 4 Others, 2026-VIL-568-GAU, examined a recurring question in GST adjudication: whether the GST...
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Retrospective GST Cancellation of Supplier Is Not Enough to Reject Recipient’s ITC: Madras High Court Reiterates Need to Verify Actual Supplies
The Madras High Court has once again clarified that a purchaser’s Input Tax Credit (“ITC”) cannot be disallowed in a mechanical manner merely because the GST registration of the supplier was later can...
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Section 536 of the Income-tax Act, 2025: How Clause (j) Preserves the Old Act’s Consequences
The repeal of the Income-tax Act, 1961 by the Income-tax Act, 2025 does not mean that everything done under the old law disappears. Section 536 of the 2025 Act is designed to prevent that result. It i...
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India’s Foreign Trade Policy and Export Incentives: Building Competitiveness Through Compliance
India’s trade policy landscape has changed substantially in the last few years. The Foreign Trade Policy is no longer limited to providing export benefits; it now forms part of India’s larger economic...
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GST - RCM Reconciliation Under GST: Why GSTR-2B, IMS and Books Must Be Matched Every Month
1. Why RCM Has Become a High-Risk Compliance AreaReverse Charge Mechanism, or RCM, is no longer merely an accounting entry to be handled at month-end. Under the GST law, the recipient of specified sup...
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GST - GSTAT on Intermediary Services: A Possible Turning Point for Export and Refund Disputes
The Goods and Services Tax Appellate Tribunal has quickly become an important forum for GST litigation after its constitution in September 2025, more than eight years after GST was introduced. Its ear...
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GST - GST on Assignment of Long-Term Leasehold Rights: Supreme Court Closure Brings Certainty for Industry
1. Why the controversy matteredSince the commencement of the Goods and Services Tax regime in July 2017, one recurring dispute has concerned long-term leasehold interests in land, particularly industr...
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GST -GST on Online Money Gaming: Supreme Court Treats the Stake as the Tax Base, Not the Platform Fee
GST on Online Money Gaming: Supreme Court Treats the Stake as the Tax Base, Not the Platform FeeThe Supreme Court’s decision in Gameskraft Technologies Pvt. Ltd. v. Directorate General of GST Intellig...
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GST - Pre-Deposit in GST Appeals: Why “Filed” Is Not the Same as “Entertained”
1. The shift in appellate language under GSTA significant change introduced under the GST appellate framework lies in the language used for pre-deposit compliance. Under the earlier indirect tax laws,...
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GST - GSTAT Appeals in 2026: Four Procedural Questions That Can Decide Maintainability
The Goods and Services Tax Appellate Tribunal, constituted under Section 109 of the Central Goods and Services Tax Act, 2017, has now begun functioning with its Principal Bench at New Delhi from 16 Fe...
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Income Tax - Demerger Consideration by a Holding Company: Revisiting the Meaning of “Resulting Company”
Demerger is one of the most frequently used modes of corporate reorganisation in India. It allows a business undertaking to be separated and housed in another entity while preserving tax neutrality, c...
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Search Material and Reassessment: Gujarat High Court’s Approach in Paras Chandreshbhai Koticha
1. Why the ruling mattersThe Gujarat High Court decision in Paras Chandreshbhai Koticha v. Income Tax Officer reported in [2026] 182 taxmann.com 204/485 ITR 628 (Gujarat) is an important ruling on the...
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India’s New Tax Valuation Framework: How the Income-tax Act, 2025 Recasts the Role of Valuers
The Income-tax Act, 2025 does more than simplify and reorganise India’s direct tax law. One of its most important institutional changes is the creation of a separate statutory framework for valuation...