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Board of Directors’ Annual Report for Base Layer NBFC-MFI
Dear Members,The Board of Directors is pleased to present the Annual Report of [Company Name] Private Limited (“the Company”) along with the audited financial statements for the financial year ending...
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Comprehensive Guide and Checklist for Rights Issue of Shares in a Private Limited Company
Ensuring Compliance with Authorised Share Capital (a) Before initiating a rights issue, confirm that the proposed share issue does not exceed the company’s current Authorised Share Capital as per the...
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Understanding GST Registration Requirements: A Comprehensive Guide
Goods and Services Tax (GST) in India is a unified indirect tax system applicable to the supply of goods and services throughout the country. A cornerstone of GST compliance is timely and appropriate...
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Comprehensive Overview of New GST Registration Rule 14A: Fast-Track 3-Day Approval
Introduction to Rule 14A and Recent UpdatesThe implementation of Rule 14A, introduced via the Central Goods and Services Tax (Fourth Amendment) Rules, 2025 (Notification No. 18/2025 – Central Tax date...
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Document Identification Number (DIN) in CGST and Income Tax: A New Frontline of Legal Dispute
IntroductionThe implementation of the Document Identification Number (DIN) has emerged as a significant area of contention within both the Central Goods and Services Tax (CGST) and the Income Tax fram...
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Limitation Period under Section 54 of CGST Act Inapplicable to Refund of GST Paid on Exempt Services: Andhra Pradesh High Court’s Perspective
Background and Key Takeawaysi) Factual Matrix:(a) Nspira Management Services Private Limited (“the Petitioner”), an entity engaged in providing educational management and hostel accommodation services...
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Filing Appeals Before GST Appellate Tribunal: A Practical Guide for Business Assessees
Introduction to GSTAT and Its E-Filing SystemThe Government of India has set up the Goods and Services Tax Appellate Tribunal (GSTAT) effective from September 24, 2025. GSTAT handles appeals exclusive...
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Strict Preconditions for Invoking Section 74 GST: Allahabad High Court Interpretation
Background and Legal Context(i) Section 74 – Purpose and Statutory RequirementsSection 74(1) of the Central Goods and Services Tax Act, 2017, empowers tax authorities to issue a show cause notice and...
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Delhi High Court Clarifies Scope of Appellate Authority’s Powers under Section 107(11) of CGST Act
IntroductionThe Delhi High Court in Sonu Monu Telecom Pvt. Ltd. v. Union of India has unequivocally determined the breadth of authority that the Appellate Authority holds under Section 107(11) of the...
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Prohibition on Bank Account Attachment After GST Pre-Deposit: Andhra Pradesh High Court Clarifies Legal Position
(i) Introduction and BackgroundThe Andhra Pradesh High Court, in its decision dated September 3, 2025, in the matter of Wingtech Mobile Communications India Pvt. Ltd. v. Deputy Commissioner & Others (...
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GST Refunds for Traders Arising from Inverted Duty Structure Due to Rate Reductions
Introduction and Key QuestionThe central issue here is whether assessees involved in trading activities can seek a refund of accumulated Input Tax Credit (ITC) under an inverted duty structure, specif...
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Recent GST Amendments: Post-Sale Discounts, TDS Procedures, Digital Appeals and Return Filing Deadlines
Introduction to Recent GST ChangesThe Goods and Services Tax (GST) regime has witnessed several notable amendments, aiming to streamline compliance, enhance digitalization, and provide greater clarity...
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Judicial Imperatives Behind the Simplified GST Registration Process under GST 2.0 (Effective from 1 November 2025)
Genesis of the Simplified Registration Initiative(i) Need for OverhaulSince the implementation of the Goods and Services Tax (GST) regime in 2017, obtaining GST registration has been fraught with dela...
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Compounding of Offences under the Income-tax Act, 1961 – 2024 Guidelines
Introduction to Compounding of Income-tax OffencesCompounding of offences is a legal process through which an assessee who has committed prosecutable violations under the Income-tax Act, 1961, can pay...
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Comprehensive Guide to Penalty Provisions under the Income Tax Act, 1961
1. Overview of Penalty ProvisionsThe Income Tax Act, 1961, contains a detailed framework of penalties to ensure compliance by assessees. These sanctions are triggered by delays, inaccuracies, failures...
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Query - Eligibility of Input Tax Credit Re-availment Following Reversal Due to GSTR-2B Mismatch
QueryA GST-registered entity had claimed input tax credit (ITC) of ₹2,00,000 in its GSTR-3B for February 2025 based on an inward supply received in that month. At the time of claiming ITC, the relevan...
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GST 2.0 and Its Impact on Service Sector: A Comprehensive Overview
1. Introduction to GST 2.0GST 2.0 represents a transformative phase in India's indirect taxation, aiming to overhaul not just tax collection but also streamline economic processes nationwide. Built up...
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Clubbing of Multiple Financial Years in a Single GST Show Cause Notice: Legal Perspectives and Practical Considerations
OverviewThe process of issuing a consolidated Show Cause Notice (SCN) or a unified adjudication order covering several financial years under Sections 73 and 74 of the Central Goods and Services Tax (C...
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November 2025 Tax Compliance Calendar
Critical Due Dates for Income Tax and GSTThe November 2025 compliance schedule presents essential deadlines for assessees under both Income Tax and GST regulations. Under the Income Tax Act, 1961, sig...
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GST Implications on Registration and Audit Fees Charged by Co-operative Societies
1. IntroductionThis article explores the Goods and Services Tax (GST) treatment of fees collected by State Government departments, specifically the Registrar of Co-operative Societies, for services su...