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Judicial Scrutiny of the 'Power to Arrest' under CGST and Customs Law in India
Overview of Arrest Powers under CGST and Customs Legislation(i) Statutory Framework for Arrest under Tax Laws(a) Section 69 of the Central Goods and Services Tax (CGST) Act, 2017 authorizes the Commis...
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Input Tax Credit Entitlement Amidst Supplier Default: Divergent Rulings of the Allahabad High Court
Overview: The GST Credit ConundrumThe Indian Goods and Services Tax (GST) regime is premised on the seamless movement of Input Tax Credit (ITC) to eliminate the cascading effect of taxation. However,...
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Recovery Proceedings under Section 62 CGST Act Nullified if Returns Filed Post Assessment Order: Patna High Court Decision
(i) Overview of the JudgmentIn the matter of M/s Great Eastern Hire Purchase Pvt. Ltd. v. State of Bihar [CWJC No. 18049 of 2024], the Patna High Court quashed a GST recovery order. The Court held tha...
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Application for Termination of Proceedings under Section 128A of CGST Act: Suggested Draft
1. Introduction(i) Purpose of ApplicationThis document serves as a model application for seeking discontinuation of proceedings initiated through Form SPL-03 under Section 128A of the Central Goods an...
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Major Updates in GST Returns: GSTR-1 and GSTR-3B
Overview of Key Modifications in GST Return FilingStarting from July 2025, substantial revisions will be introduced in the process of GST return filings, directly affecting both GSTR-1 and GSTR-3B for...
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GST Communications: DIN Exemption for Portal-Based Documents with RFN
Introduction to DIN and RFN in GST Communicationi. Overview of Document Identification Number (DIN) Requirement(a) The Central Board of Indirect Taxes and Customs (CBIC) had earlier mandated that all...
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MCA Set to Introduce 38 New Company Forms on V3 Portal
Overview of the MCA’s Digital Transformation InitiativeThe Ministry of Corporate Affairs (MCA) has unveiled its plan to implement the last batch of 38 company forms, encompassing 13 Annual Filing form...
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Essential Guide for Returning NRIs: Mandatory Disclosure of Overseas Assets
Introduction: Transitioning from NRI to Resident – A Tax Perspective(i) Changing Tax Liability with Residency StatusWhen an individual returns to India after being a Non-Resident Indian (NRI), their t...
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Evolution of GST Taxability on Commodities: From Branding to Packaging
OverviewThe manner in which commodities such as cereals, flour, pulses, and dairy items are taxed under the Goods and Services Tax (GST) regime in India has undergone a significant transformation sinc...
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Detailed Compliance Checklist for Mergers and Amalgamations under Sections 230-232 of the Companies Act, 2013
1. Initial Preparations Before Commencing the Merger Processi. Verification of Corporate Authorization (a) Review the Memorandum of Association (MoA) and Articles of Association (AoA) to confirm autho...
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TDS Return Form 26Q: Comprehensive Guide on Due Dates and Relevant Forms
Introduction to Form 26QForm 26Q serves as the quarterly statement that assessees (deductors) must file for Tax Deducted at Source (TDS) on all payments, except salaries, made to resident recipients....
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Enhanced Disclosure Mandates in Income Tax Return Filing for FY 2024-25
Introduction: New Reporting Norms for FY 2024-25The Income Tax Department has revised its disclosure requirements for assessees filing Income Tax Returns (ITR) for the Financial Year 2024-25. These ch...
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Significant Judicial Decisions on GST Recovery: An In-Depth Review
IntroductionThe implementation of the Goods and Services Tax (GST) in India has prompted close judicial examination regarding the recovery powers exercised by tax authorities. Through several notable...
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Comprehensive Guide to Input Service Distributor (ISD) Compliance Under GST: Practical FAQs
Introduction: Navigating the New Mandatory ISD ComplianceEffective from April 1, 2025, compliance with Input Service Distributor (ISD) provisions has transitioned from optional to compulsory under the...
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GST Implications on Renting of Residential and Commercial Properties in India
Overview of GST on Property LeasingUnder the Central Goods and Services Tax Act, 2017 (CGST Act), the levy of GST is triggered on the supply of goods or services as defined in Section 7, except where...
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TDS on Electricity Purchases under Section 194Q of the Income-tax Act, 1961: Implications Post-Omission of Section 206C(1H)
1. OverviewThe Indian tax regime is undergoing a significant change with regard to the treatment of tax on electricity transactions. Effective from the financial year 2025–26, the responsibility for t...
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MCA21 V3 Fully Operational: Final Launch of 38 Company Forms Set to Transform Corporate Compliance from July 14, 2025
Introduction: Digital Transformation in Corporate ComplianceThe Ministry of Corporate Affairs (MCA) is ushering in a new era of digital corporate governance with the complete rollout of the final 38 c...
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A Comprehensive Overview of Taxation on Undisclosed Overseas Income and Assets: Interplay Between the Income Tax Act and the Black Money Act, 2015
IntroductionIn an era marked by increasing cross-border financial flows and expanding global capital mobility, the taxation of foreign-sourced income has emerged as a focal point for tax authorities w...
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E-Way Bill Mechanism under GST: Legal Provisions, Compliance, Challenges, Penalties, and Judicial Interpretations
1. Framework of E-Way Bill Regulations(i) Statutory BasisThe E-Way Bill system, introduced as part of the Goods and Services Tax (GST) in India, is primarily mandated by Section 68 of the Central Good...
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Applicability of Valuation Certificates under FEMA and Companies Act: An Analytical Overview
OverviewShare valuation stands as a pivotal process within India’s corporate landscape, influencing transactions such as capital raising, mergers, employee stock options, and cross-border investments....