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Key Tax Compliance Dates for December 2025: Income Tax and GST
Income Tax Obligations Under the Income Tax Act, 1961(i) Extended Return Filing Deadlines for AY 2025-26(a) Assessees, including corporates, non-corporates whose accounts are subject to audit, and par...
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Assessment of GST Based on Mobile Data and WhatsApp Chats: Legal and Evidentiary Framework
1. Overview of Digital Evidence in GST Proceedings1.1 Background and ContextIn the contemporary business landscape, digital messaging platforms like WhatsApp have become integral to commercial exchang...
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GST Considerations for Employee Recoveries and Digital Asset Leasing: An In-depth Overview
1. Introduction: Evolution of GST on Employer-Employee TransactionsThe issue of Goods and Services Tax (GST) applicability on arrangements between employers and their workforce has consistently led to...
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GSTR-9 for FY 2024-25: Comprehensive Annual Return Requirements, Optional Disclosures, and Stepwise Data Reporting under GST
HighlightsMandatory Filing Pre-requisitesTaxpayers must ensure that all GSTR-1 and GSTR-3B returns for FY 2024-25 are filed prior to submission of GSTR-9.GSTR-9 cannot be used to claim additional Inpu...
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Allahabad High Court Quashes GST Demand for Failure to Grant Mandatory Personal Hearing Under Section 75(4) of UPGST Act
HighlightsMandatory Opportunity for Personal HearingThe Allahabad High Court reaffirmed the statutory requirement that assessees must be afforded a personal hearing before any adverse order is passed...
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Arrest Under GST Now Requires Strict Adherence to BNSS Safeguards: Heightened Legal Scrutiny for Tax Evasion Offences Exceeding Rs 5 Crore
HighlightsTrigger for Arrest Under GSTReason to Believe: The power to arrest under Section 69 of the Central Goods and Services Tax Act, 2017 (CGST Act) is activated when the Commissioner has “reason...
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GST Liability on Blended Cotton Seed Cattle Feed: Insights from Andhra Pradesh AAR
Background and DisputeV.K. Industries, based in Andhra Pradesh, manufactures a range of products from cotton seeds, such as cotton seed oil cake and de-oiled cake. The company has recently introduced...
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Rethinking Section 74 and the Prevalence of Automated Adjudication in GST: The Need for Judicial Oversight
Overview of Section 74 within the GST FrameworkSection 74 versus Section 73: Legislative Intent and ScopeSection 74 of the Goods and Services Tax (GST) Acts was introduced specifically to address situ...
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Interest Applicability on GST Paid via Credit Ledger Through DRC-03 for GSTR-1 Declared Outward Supplies
OverviewGST compliance often encounters situations where an assessee appropriately declares outward supplies in GSTR-1 but inadvertently omits the related tax liability in GSTR-3B. In numerous instanc...
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Comprehensive Guide to GSTR-9 for FY 2024-25: Latest Amendments and Reporting Requirements
The Indian GST system has seen sustained transformation since its inception, with the compliance landscape continuing to evolve through legislative updates and procedural refinements. The Annual Retur...
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Comprehensive Guidance Issued for Accurate Reporting of ITC Claims, Reversals, and Reclaims in GSTR-9 for FY 2024-25: Legal Nuances and Compliance Requirements Highlighted
HighlightsStructured Reporting of Input Tax Credit (ITC)The annual return in Form GSTR-9 for FY 2024-25 prescribes segregated reporting of ITC events under distinct tables, capturing the entire lifecy...
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Gujarat AAR Affirms ITC Eligibility for Movable Power Transmission Assets Installed Outside Factory Premises under CGST Act
HighlightsBackground and Parties InvolvedAlleima India Pvt Ltd, a manufacturing entity based in Mehsana, Gujarat, required an expansion of its installed power supply. To achieve this, the company laid...
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Legal and Evidentiary Implications of GST Assessment Based on Mobile and WhatsApp Data
1. Overview: The Digital Shift in Business Communication and Its ImplicationsIn the contemporary commercial landscape, especially among small and medium enterprises (SMEs), digital communication platf...
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Valuation of Supplies to Related and Unrelated Persons and GST Implications on Transportation Services: Analysis of AP AAR Ruling in the Case of Sri Lakshmi Ganesh Cement and Iron General Stores
Background and Key FactsSri Lakshmi Ganesh Cement and Iron General Stores (hereinafter referred to as "the Applicant") operates as a trader dealing in cement and iron, catering to both wholesale and r...
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Jurisdictional Boundaries of Customs and GST Authorities
1. Overview: Jurisdictional Boundaries of Customs and GST AuthoritiesThe advent of the Goods and Services Tax (GST) in India from 1 July 2017 marked a significant transformation in the indirect tax sy...
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Auditors’ Heightened Accountability under the Revised SEBI RPT Framework
1. OverviewSEBI’s 2025 reforms to the Related Party Transactions (RPT) framework represent a pivotal move towards a risk-sensitive and transparent compliance environment. The updated Regulation 23 of...
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Delayed Filing of Return of Allotment under ESOP: Penalty Imposed by ROC on Company and Directors
1. Background of the CaseThis article examines a recent instance where M/s. Wellness Forever Medicare Limited, a listed entity, along with its directors and Chief Financial Officer, faced penalties fr...
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SEBI Revises ICDR Regulations: Enhanced Investor Participation and Wider Anchor Allocation
Introduction: SEBI’s Latest Amendments to ICDR RegulationsThe Securities and Exchange Board of India (SEBI) has implemented significant changes to the Issue of Capital and Disclosure Requirements (ICD...
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Analysis of Taxation on Right Issue Allotments under Section 56(2)(vii)(c): Lessons from ITAT Hyderabad
OverviewIssuance of shares via right issues—whereby current shareholders are given the option to purchase additional shares proportional to their holdings—is a common fundraising strategy for Indian c...
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LANDMARK RULINGS IN INTERNATIONAL TAXATION
A Comprehensive Analysis by TaxCorp Total SolutionNovember 2025 TABLE OF CONTENTS Permanent Establishment MattersBusiness Income AttributionAviation & Maritime OperationsInterest Income TaxationRoyalt...