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Comprehensive Restructuring of Tobacco and Pan Masala Taxation in India Effective February 2026
Introduction to the New Taxation LandscapeThe Indian government has initiated a substantial overhaul of the taxation framework for tobacco and pan masala products, following the enactment of the Centr...
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The State’s Right to Retain Amounts Collected Without Legal Authority
1. Overview – The State’s Right to Retain Amounts Collected Without Legal AuthorityThe Fundamental QuestionTaxation statutes are built on accuracy, setting out detailed frameworks for rates, valuation...
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Addressing Procedural Lapses in GST Returns: Rectification Beyond Limitation Where No Revenue Loss Occurs
Introduction to GST Compliance EvolutionThe implementation of the Goods and Services Tax (GST) in 2017 signaled a shift from a fragmented indirect tax regime to a unified, technology-centric complianc...
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Major Policy Shift in GST for Exporters and Importers of Intermediary Services: Key Implications and Checklist
Introduction: Evolution of Intermediary Services TaxationThe GST Council's September 2025 session led to a pivotal recommendation concerning the taxation of intermediary services in India. This recomm...
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A New Era in GST Law: Key Takeaways from the Shilpa Medicare Ruling and the Road Ahead for GST Administration
1. Introduction: Significance of the Shilpa Medicare Case in GST LawOn January 31, 2026, the Andhra Pradesh High Court delivered a landmark judgment in Shilpa Medicare Limited v. Union of India, signi...
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Enhanced Overview of the Invoice Management System (IMS): Critical Considerations for the Industry
Introduction: Evolution of IMS in GST ComplianceThe Invoice Management System (IMS), introduced in October 2024, represents a significant step towards the government’s broader goal of automating retur...
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GST Implications on Transferable Development Rights (TDR): The Case for Exemption
Introduction: The Paradox of Taxation on TDR CompensationIn the Indian legal landscape, while direct tax exemptions safeguard the compensation received from compulsory land acquisition, the applicabil...
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GST Liability on Renting of Immovable Property under Reverse Charge Mechanism (RCM): Complexities in Absence of Actual Rent Payment
IntroductionThe reverse charge mechanism (RCM) in the Goods and Services Tax (GST) regime continues to broaden, particularly concerning the renting of immovable property from unregistered persons. Thi...
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Consolidated Show Cause Notices Under Section 74 of CGST Act: Why Financial Years Cannot Be Combined
Introduction: The Core Issue with Consolidated NoticesThe question of whether tax authorities may issue a single show cause notice under Section 74 of the Central Goods and Services Tax Act, 2017 (CGS...
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GST Compliance 2026: The Transition to Real-Time ITC Validation and Hard Controls
1. Introduction: From Reactive Dispute Resolution to Proactive GST ComplianceThe Indian GST framework is experiencing a transformative overhaul in its compliance operations. Traditionally, GST complia...
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GST Implications in Corporate Restructuring: Insights from the Gujarat High Court’s Judgment in Alstom Transport India Limited
Overview of the RulingThe Gujarat High Court, in its recent decision concerning M/s Alstom Transport India Limited (SCA No. 11025 of 2025, decided January 23, 2026), has set a precedent for handling I...
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Understanding the Pure Agent Mechanism in GST Valuation: Where Law Intersects with Business Practice
Introduction: Demystifying the Pure Agent under GSTThe concept of a Pure Agent under the Goods and Services Tax (GST) regime is often misunderstood and misapplied, particularly when it comes to determ...
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Post-Sale Discounts under GST: 2026 Legal Developments and Business Implications
1. Overview: Aligning GST Law with Commercial PracticePost-sale discounts—including volume incentives, year-end rebates, and inventory maintenance subsidies—play a vital role in distribution strategie...
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GST Implications for Restaurant Services Provided Through E-Commerce Platforms: Can Composition Dealers Participate?
1. IntroductionSmall businesses often struggle with the extensive compliance requirements under the Goods and Services Tax (GST) regime due to limited expertise and resources. To address this, the GST...
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India’s Union Budget 2026-27: A New Era in Indirect Taxation
Overview of Indirect Tax Initiatives in Budget 2026-27On February 1, 2026, the Hon’ble Finance Minister, Ms. Nirmala Sitharaman, introduced India’s Union Budget for the financial year 2026-27. While t...
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Union Budget 2026-27: Advancing Inclusive Growth and Strengthening Economic Resilience
Overview of Budget 2026-27: Vision and Strategic PrioritiesThe Union Budget for 2026-27 reiterates the government's commitment to propelling India towards the goal of becoming a developed nation (Viks...
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Key Amendments to GST Law Proposed by Finance Bill, 2026
Introduction and Effective Date The Union Budget for the financial year 2026-27 was presented by India’s Finance Minister, Nirmala Sitharaman, on February 1, 2026. The Finance Bill, 2026, introduces s...
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EU-India Free Trade Agreement: A Comprehensive Overview of Tariff and Market Access Measures
IntroductionThe European Union (EU) and India have concluded negotiations on a landmark Free Trade Agreement (FTA), representing the most significant opening of India's markets to date and the largest...
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Union Budget 2026–27: Transformative Measures in Direct Taxation, GST, and Customs
The Union Budget for the fiscal year 2026–27 represents a strategic initiative towards comprehensive tax policy reform, emphasizing the improvement of tax administration, rationalization of indirect t...
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Understanding the Supreme Court’s Stand on Parallel GST Proceedings: Insights from Armour Security (India) Ltd. v. Commissioner, CGST, Delhi East Commissionerate
Significance of the Supreme Court JudgmentThe Supreme Court’s decision in Armour Security (India) Ltd. v. Commissioner, CGST, Delhi East Commissionerate [2025] 177 taxmann.com 478/111 GST 400 (SC) is...