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Scope of Powers of the First Appellate Authority Under GST: No Provision for Remand Back
IntroductionThe powers of the first Appellate Authority under the Central Goods and Services Tax (CGST) Act, 2017, have been a subject of judicial scrutiny, particularly regarding whether the authorit...
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Overview of Section 90 of the Companies Act, 2013: Register of Significant Beneficial Owners
1.1 Objective of Section 90Section 90 of the Companies Act, 2013 aims to foster greater transparency in the ownership and control of corporate entities. The core intention is to unmask the actual or “...
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Comprehensive Overview of Statutory Audit in Indian Government Companies: Legal Provisions and Best Practices
Introduction: Role and Significance of Government Company AuditsGovernment companies, pivotal to India’s economic landscape, operate extensively in sectors such as power, infrastructure, financial ser...
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Comprehensive Guide to Section 8 Company Registration and Obtaining 12A & 80G Approvals for NGOs in India
Introduction: Establishing an NGO in India Setting up a Non-Governmental Organisation (NGO) in India is a meaningful way to contribute to society. Before launching, it is essential to understand the l...
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GST Treatment for Cloud Kitchens and E-Commerce Operators: A Comprehensive Technical Overview
OverviewIndia’s rapidly evolving food delivery landscape, powered by platforms such as Zomato and Swiggy, has enabled cloud kitchens and restaurant chains to scale operations quickly. These digital-fi...
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SBI Interest Rates for Perquisite Valuation under Income Tax Rules
Overview of Perquisite Valuation for Employer-Provided Loans(i) Concept and Applicability(a) When an employer provides a loan to an employee for personal requirements such as marriage, education, or m...
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Income Tax Act 2025: Ushering in a New Era and Retiring the 1961 Statute
Introduction: A Monumental Shift in Indian TaxationThe Indian tax regime witnessed its most substantial overhaul in over sixty years with the enactment of the Income Tax Act, 2025. Presidential assent...
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Angel Taxation and Indian Start-Ups
Navigating the Legal LandscapeEmergence of Start-Ups and Tax Challenges in IndiaIndia’s economy has experienced dynamic transformation with the rise of start-ups as significant drivers of innovation a...
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Approach to Tax Audit for Traders under Section 44AB: Assessment Year 2025–26
Comprehensive Approach to Tax Audit for Traders under Section 44AB: Assessment Year 2025–261. Initiating the Audit Engagementi) Formalizing the Audit Assignment (a) Secure a duly executed appointment...
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From Business Income to House Property:Taxation of Rental Receipts
From Business Income to House Property: Navigating the Taxation of Rental ReceiptsOverview: The Changing Landscape of Rental Income TaxationThe classification of rental income under Indian tax law has...
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Analysis of Supreme Court Judgment in Union of India v. VKC Footsteps India Pvt. Ltd.: Rule 89(5) and Refund of Input Tax Credit under GST
1. Background and Evolution of GST Refund Law1.1 Transition to GST and Its ObjectivesIndia’s transition to the Goods and Services Tax (GST) in 2017 aimed to unify the nation’s indirect tax regime, eli...
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Input Tax Credit Cannot Be Denied for Genuine Supplies If Supplier’s GST Registration Is Cancelled After Transaction: Key Takeaways from Allahabad High Court Judgment
Judicial Background and Main PrincipleThe Allahabad High Court, in the matter of M/s Kesarwani Traders v. State of U.P. & Others (Writ Tax No. 1235 of 2025, order dated August 18, 2025), clarified tha...
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GST 2.0 and the Compensation Cess Transition: Navigating the Credit Complexity
1. Introduction: GST 2.0 and the Compensation Cess DilemmaThe 56th GST Council meeting, convened on September 3-4, 2025, in New Delhi under the stewardship of Union Finance Minister Nirmala Sitharaman...
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Revised CSR Compliance Framework for Companies: Impact of the Companies (CSR Policy) Amendment Rules, 2025
Overview of Corporate Social Responsibility (CSR) in the Indian ContextCorporate Social Responsibility (CSR) refers to the obligation of companies to contribute positively to society and the environme...
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Prospects of Extension for ITR and Audit Report Filing Deadlines
i) Mounting Compliance Pressure as Statutory Deadlines ApproachWith the due dates for filing Income Tax Returns (ITR), Tax Audit Reports (TAR), trust audits, and other statutory compliances drawing ne...
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Managing Inward E-Way Bill Notices under GST: A Comprehensive Guide for Assessees
Introduction to Inward E-Way Bill ComplianceE-way bill compliance has become a focal point for GST authorities, especially concerning inward supplies. Although the legal responsibility to generate e-w...
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Assessment Set Aside by ITAT Due to Lack of Jurisdictional Order
2. Case Backgroundi) Company Details and Filing of Return(a) Karan Motors Pvt. Ltd., a manufacturer specializing in spare parts, cylinder heads, and engine blocks for a range of automotive and industr...
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Tax Residency Certificates in the Principal Purpose Test Framework: Evaluating Contemporary Sufficiency
1. Evolution of Tax Residency Certificate FrameworkThe Tax Residency Certificate (TRC) represents a crucial document establishing an assessee's tax residence status in a foreign jurisdiction, serving...
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Comprehensive Overview of GST DRC-01 Notices under Sections 73, 74, and 74A: Procedures, Rules, and Response Protocol
Introduction to DRC-01 Noticesi) Circumstances for Issuance of DRC-01GST authorities may initiate proceedings against an assessee by serving a DRC-01 notice in scenarios involving:(a) Non-payment of G...
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Implications of GST Rate Reduction from 18% to 5% on Input Tax Credit Reversal under Section 18(4)
Overview of Input Tax Credit (ITC) and Its Reversal under GSTThe Goods and Services Tax (GST) regime in India is designed to facilitate smooth availability of Input Tax Credit (ITC) to registered asse...