-
Comprehensive Guide to Filing Letter of Undertaking (LUT) for Zero-Rated Export of Services under GST
Introduction: Export of Services and GST ComplianceExporters frequently assume that all export transactions are entirely exempt from GST, leading to the misconception that no compliance obligations ex...
-
Legal Provisions Regulating Representation by Authorised Representatives Before GSTAT
Background and SignificanceThe role of an "Authorised Representative" (hereafter referred to as "AR") is fundamental for ensuring equitable hearings before the Goods and Services Tax Appellate Tribuna...
-
Guide to Compounding of Offences under the Companies Act, 2013
Overview of Compounding under Companies Act, 2013Section 441 of the Companies Act, 2013 (formerly Section 621A under the Companies Act, 1956) establishes the framework for compounding specific offence...
-
Buyback of Securities by Unlisted Companies: Guide under Companies Act, 2013 and Applicable Rules
Introduction to Buyback of SecuritiesBuyback refers to the process where a company acquires its own shares or other specified securities from its existing shareholders or holders. Unlisted companies m...
-
Upholding Impartiality in GST Adjudication: Application of Nemo Judex in Causa Sua
Fundamental Principle: No One Should Judge Their Own Casei) The Doctrine DefinedThe maxim nemo judex in causa sua literally translates to "no one should be a judge in his own cause." This foundational...
-
Critical Analysis of Allahabad High Court Decision on Unlawful Search under Section 132 of the Income-tax Act, 1961
OverviewThe recent ruling of the Allahabad High Court in Pramod Swarup Agarwal v. Principal Director of Income Tax ((2025) TaxCorp (DT) 95279 (HC-ALLAHABAD)) has significantly shaped the discourse on...
-
GST Refund of Unutilized Input Tax Credit After Business Closure: A Review of the Sikkim High Court’s Decision
Background and ContextGST in India operates as an indirect tax mechanism designed to facilitate seamless input tax credit (ITC) to registered assessees, thus avoiding tax cascading. However, complexit...
-
ITC Denial Cannot Be Based Solely on Seller’s Tax Default: Analysis of Allahabad High Court’s Landmark Judgment
Overview of the Judgment(i) Introduction to the CaseIn a pathbreaking decision, the Allahabad High Court in the case of R.T. Infotech vs. Additional Commissioner Grade-2 & Others (Writ Tax No. 1330 of...
-
GST on Motorcycles, Scooters, and Electric Two-Wheelers: Comprehensive Overview of Taxation and Input Tax Credit
Introduction: GST Regime and Its Impact on Two-Wheeler SegmentThe implementation of the Goods and Services Tax (GST) from July 1, 2017, marked a significant transformation in India’s indirect tax land...
-
Foreign Direct Investment (FDI) in India: A Comprehensive Guide
OverviewForeign Direct Investment (FDI) entails an overseas entity or individual acquiring a significant interest in an Indian enterprise. This acquisition generally represents a strategic business mo...
-
SCN - Application for Restoration of Cancelled GST Registration and Request for Payment of Outstanding Dues in Instalments
Subject: Application for Restoration of Cancelled GST Registration and Request for Payment of Outstanding Dues in InstalmentsToThe Jurisdictional GST Officer[Insert Address/Location]Date: [DD/MM/YYYY]...
-
Advisory on Alternate Procedure for Filing Amnesty Applications under Section 128A
1. Introduction: Advisory on Alternate Procedure for Filing Amnesty Applications under Section 128A1.1 OverviewThe Goods and Services Tax Network (GSTN), through an advisory dated 11 June 2025, has in...
-
Necessity of Well-Reasoned Orders in Indian Tax Law: A Supreme Court Overview
1. Introduction: The Role of Reasoned Orders in Judicial AccountabilityThe Indian legal system places paramount importance on the delivery of reasoned decisions by courts and quasi-judicial bodies. Th...
-
GST Relief Program for Section 73 Matters
1. Relief Under Section 128A – Exemption from Interest and Penalty for Section 73 DemandsEffective Date: Beginning from 01/11/2024 (Reference: Finance Act (No.2): Section 146)1. Introduction: The GST...
-
Guidelines from GSTN on E-Way Bills, HSN Codes, Rectifications, GSTR-2B, and Waiver Scheme
OverviewIn January 2025, the Goods and Services Tax Network (GSTN) released a series of notices aimed at enhancing the compliance mechanisms for assessees. These advisories encompassed a variety of ar...
-
Residential Status Determination for Assessees Under the Income Tax Act, 1961
IntroductionThe residential status of an assessee significantly influences the scope of taxable income according to the Income Tax Act, 1961. Individuals are categorized into three main groups: reside...
-
Co-Browsing for Assessees: Simplified ITR Filing Assistance
In today's discussion, we're exploring a fascinating tool designed to aid assessees in independently submitting their Income Tax Returns (ITRs) without relying on a tax consultant. Salaried individual...
-
A Comprehensive Guide to India's Income Tax Brackets and Deductions
The Indian taxation system plays a pivotal role in supporting public services and infrastructure investments essential for the nation's development. However, the complexities of personal income tax ru...
-
Income Categorization: Tax Obligations Under Section 56
1. Overview The Income Tax Act, 1961, in India, segments income into five distinct categories: Salary, House Property, Profits and Gains from Business or Profession, Capital Gains, and Income from Oth...
-
Tax Implications of the Gig Economy: Charting New Tax Territory
1. INTRODUCTION: EXPLORING TAX CHALLENGES IN THE GIG ECONOMYThe rise of the gig economy has significantly transformed the employment scene in India, presenting new prospects and challenges for million...