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GST Treatment of Corporate Guarantees Provided to Foreign Related Parties Without Consideration: Can They Be Considered as Export of Services?
Introduction to the IssueIndian multinational corporations frequently extend corporate guarantees on behalf of their overseas subsidiaries or related entities to assist them in securing credit from in...
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GST Treatment on Corporate Guarantees for Overseas Related Parties: Export of Service or Deemed Supply?
Indian multinational enterprises frequently extend corporate guarantees to banks on behalf of their overseas subsidiaries or related companies to facilitate credit arrangements abroad. While this busi...
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Comprehensive Approach to GST Audit Preparedness: Strategic Steps and Documentation Essentials
Understanding GST Audit: Scope and Applicability(i) Definition and Legal BasisA GST audit is a detailed review of an assessee’s records, returns, and documents to verify the accuracy of turnover discl...
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Mandatory ISD Registration for Businesses with Multiple GST Numbers under One PAN from April 1, 2025
Overview of New ISD Registration Requirement(i) Introduction of Compulsory ISD RegistrationBeginning April 1, 2025, any business entity possessing multiple GST registrations linked to a single Permane...
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Key Insights into GST Composition Scheme: Essential Principles
1. Overview of the GST Composition SchemeThe GST Composition Scheme, as outlined in Section 10 of the Central Goods and Services Tax (CGST) Act, 2017 and reinforced by Rules 5 and 7 of the CGST Rules,...
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E-Way Bill Mechanism under GST: Provisions, Offences, Practical Hurdles & Judicial Guidance
Introduction to E-Way Bill in IndiaThe Goods and Services Tax (GST) regime was introduced to harmonize indirect taxes and simplify goods movement across India. Among its notable features is the E-Way...
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Restriction of Input Tax Credit in Electronic Credit Ledger under GST: An Overview of Rule 86A
Introduction: ITC Suspension to Prevent GST EvasionInput Tax Credit (ITC) is fundamental under the GST framework, facilitating uninterrupted credit transfer and minimizing cascading taxes. Nevertheles...
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Madras High Court Quashes Section 74 GST Order for Ignoring Chartered Accountant’s Certificate
Overview of the JudgmentThe Madras High Court, in its decision dated July 8, 2025, in the matter of JIT Auto Comp v. Assistant Commissioner, invalidated proceedings under Section 74 of the Central Goo...
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Standardized Dress Code for GST Appellate Tribunal: Comprehensive Guidelines for Members and Participants
Introduction to GSTAT Dress Code FrameworkThe Goods and Services Tax Appellate Tribunal (GSTAT), under its newly notified GSTAT (Procedure) Rules, 2025, has instituted a formalized dress code for all...
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Supreme Court Affirms Necessity of Final GST Adjudication Order Despite Payment
IntroductionThe Supreme Court, in the matter of ASP Traders v. State of U.P. & Ors. [Civil Appeal No. 9764 of 2025, decided on July 24, 2025], clarified that the issuance of a final, reasoned order un...
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Gujarat High Court Mandates DRC-01D Notice Before GST Interest Recovery
(i) Introduction(a) Background:In the case of Reliance Formulation Private Limited vs Assistant Commissioner of State Tax & Anr, the Gujarat High Court examined the procedural requirements for recover...
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Statutory Compliance Tracker for August 2025
This comprehensive guide provides a restructured and rephrased overview of all essential statutory deadlines for August 2025, spanning GST, Income Tax, PF/ESI, FEMA, SEBI, and corporate law obligation...
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Comprehensive Analysis of GST Refund Adjustments under Section 54(10) of the CGST Act, 2017
OverviewThe Goods and Services Tax (GST), implemented in India from 2017, revolutionized the country’s indirect tax system by merging several taxes into a unified framework. A vital aspect of this sys...
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GSTN July 2025 Updates: Key Advisories on HSN Disclosure, GSTR-3B Restrictions, ASP Data Security, and Appeal Mechanism
Overview of July 2025 GSTN AnnouncementsThe Goods and Services Tax Network (GSTN) issued several significant advisories in July 2025 affecting compliance procedures, portal functionalities, and taxpay...
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GST in India: A System Tilted Against Assessees – The “All or Nothing” Paradigm
Since its rollout in July 2017, the Goods and Services Tax (GST) has been widely hailed as a transformative development in the Indian indirect tax regime. Promoted as a mechanism to simplify complianc...
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GST Valuation: Understanding the Pure Agent Mechanism under Rule 33 of CGST Rules, 2017
OverviewThe treatment of agents, particularly the “pure agent,” under the Goods and Services Tax (GST) regime in India is a subject that frequently causes confusion amongst assessees. Distinguishing b...
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Supreme Court Criticizes Rajasthan High Court for Delay in Bail Orders: Emphasizes the Right to Expeditious Justice
Introduction: The Importance of Timely JusticeThe principle that “Justice delayed is justice denied” and the necessity for justice to not only be delivered but also appear fair to the public, resonate...
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GST Treatment of Freight, Packing, and Ancillary Expenses in the Textile Sector
IntroductionThe textile industry in India is characterized by a complex chain of activities—including procurement of raw materials, spinning, weaving, processing, and garment production. The movement...
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Analysis of Value Addition Issues in GST Budgetary Support Refunds
Background: Transition from Area-Based Exemptions to GST Budgetary Support(i) Area-Based Exemptions under Earlier Indirect Tax LawsPreviously, India’s indirect tax system included several area-based e...
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GST Section 74: Essential Prerequisites for Extended Limitation and Due Process
Overview: Adhering to Limitation Periods under Section 74i) Strict Application of Limitation PeriodsThe Andhra Pradesh High Court in the matter of M/s. The Cotton Corporation of India vs. Assistant Co...