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IntroductionThe applicability of Goods and Services Tax (GST) on rental income is dependent on the classification of the property and the GST registration status of the tenant. Over time, amendments,...

The Goods and Services Tax Network (GSTN) has recently issued an advisory detailing significant changes to the GST registration process. These modifications, implemented under Rule 8 of the Central Go...

IntroductionSection 16(4) of the CGST Act establishes the timeline for utilizing Input Tax Credit (ITC). However, instances may arise where orders pursuant to Section 73, Section 74, Section 107, or S...

Overview: The Income Tax Bill 2025 aims to streamline and unify the tax provisions applicable to non-profit organizations. It consolidates previously fragmented rules into Part B of Chapter XVII, whic...

The Income Tax Bill 2025 presents a refined method for taxing income, with a particular emphasis on those earning a salary. This new bill supersedes the previous Income Tax Act of 1961, providing a mo...

1. OverviewTelecommunication infrastructure providers play a crucial role by installing telecom sites and making them available to telecommunication companies (Telcos). These sites can comprise variou...

Overview of the Supreme Court's Ruling: Understanding "Plant" in GSTThe recent Supreme Court decision in the case of Chief Commissioner of Central Goods and Service Tax & Ors. v. M/s Safari Retreats P...

Delay Waiver for ITR Filing Under Income Tax Act Section 119(2)(b)Overview of Delay Waiver in ITR FilingTaxpayers in India have the opportunity to seek a waiver for delays in filing their Income Tax R...

The Income Tax Bill 2025 (ITB 2025) was introduced in the Indian Parliament on February 13, 2025, with an aim to replace the existing Income Tax Act of 1961 (ITA 1961). Scheduled to be effective from...

1. Overview of Input Tax Credit (ITC) ReversalUnder the Central Goods and Services Tax (CGST) Act, specifically Section 16(2), registered assessees are entitled to claim Input Tax Credit (ITC) only if...

Overview of Section 113Section 113 of the Companies Act, 2013, sets forth provisions for how corporations can be represented at company and creditor meetings. This section allows a corporate entity, w...

Overview of Section 263 Applications:The observation, during my tenure as CIT DR ITAT Chandigarh, is that many orders passed under Section 263 are overturned primarily due to technicalities, regardles...

Introduction:A Joint Development Agreement (JDA) entails an agreement where a landowner supplies land, and a developer executes the property development and construction. JDAs are prevalent in India's...

Reversal of Input Tax Credit (ITC) for Non-paymentUnder the provisions of Rule 37 of the GST Act, if a registered individual has claimed ITC on inputs, input services, or capital goods in their GSTR-3...

Introduction to the IssueIn recent months, numerous notices have been issued regarding the payment of GST, along with interest and penalties, based on the government's perceived authority to levy taxe...

IntroductionInput Tax Credit (ITC) is a benefit available on expenses that meet the conditions outlined in Section 16 of the Central Goods and Services Tax Act, 2017 (CGST Act), provided they are not...

Overview of Pre-GST and Post-GST Sealing ProceduresBefore the implementation of the Goods and Services Tax (GST) in India, there were three primary methods for sealing export containers: (i) self-seal...

1. IntroductionOn July 23, 2024, during the Budget Speech, Finance Minister Nirmala Sitharaman announced a sweeping overhaul of the Income Tax Act, 1961 (ITA) to streamline and clarify India's tax leg...

The Reverse Charge Mechanism (RCM) plays a significant role in India's Goods and Services Tax (GST) framework by transferring the responsibility to remit tax from the goods and services provider to th...

1. Overview:The Finance Act of 2025 introduced an amendment to the Income Tax Act based on a ruling by the Hon’ble Supreme Court in the matter of Safari Retreats Private Limited vs. Chief Commissioner...