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Introduction to E-commerce Operations under GST(i) Definition of Electronic Commerce Operator (ECO)According to Section 2(44) of the Central Goods and Services Tax (CGST) Act, 2017, an Electronic Comm...

Background: Unintended GSTR-3A Notices to Cancelled Composition Assessees(i) Recent DevelopmentsRecently, a significant number of assessees registered under the GST composition scheme, who had previou...

Background and Case Overview(i) Factual Matrix(a) In the case of PCIT vs. TE Connectivity India Pvt. Ltd., the Karnataka High Court ruled in favor of the Revenue, upholding the Principal Commissioner...

1. OverviewSections 68 to 69C of the Income-tax Act, 1961 have emerged as powerful legal mechanisms for assessing officers, frequently utilized to tax unexplained credits, assets, investments, and exp...

Introduction to Upfront Lease Premiums in BOT Leases(i) Understanding the Structure of Upfront Lease Premiums(a) In Build-Operate-Transfer (BOT) lease agreements, it is common for the lessee to make a...

Introduction to Form 10-IEA and the Tax Regime Choicei. Understanding the Tax Regime LandscapeBeginning Financial Year 2023-24, the new tax regime (Section 115BAC of the Income Tax Act) has become the...

Background and PurposeCorporate compliance in India often entails inadvertent lapses, whether deliberate or unintentional. Recognizing this, the Companies Act, 2013, incorporates a provision allowing...

1. Overview1.1. Introduction to GST on Passive and Active ServicesUnder the Indian Goods and Services Tax (GST) framework, the tax event is the 'supply' of goods or services or both. Section 7 of the...

Introduction to Recent GSTN FunctionalityThe Goods and Services Tax Network (GSTN) has recently introduced a new feature on the GST Portal that allows assessees to file appeals against waiver rejectio...

1. Overviewi) Scope of DefaultUnder Section 139AA(2) of the Income-tax Act, any assessee required to furnish their Aadhaar number to the Income-tax Department but failing to do so within the stipulate...

1. OverviewWhen any assessee is eligible to receive income subject to tax deduction at source (TDS), they must provide their Permanent Account Number (PAN) to the person making the deduction. Failure...

📢 GSTN Advisory: Ignore System-Generated GSTR-3A Notices for GSTR-4 Non-Filing – Clarifies No Action Needed in Certain Cases In its latest communication dated 20th July 2025, the Goods and Services T...

💼 Landmark SC Ruling: Temporary Premises = Permanent Establishment for Taxation Purposes in India The Supreme Court of India, in a pivotal ruling dated 24th July 2025, has reaffirmed that a foreign e...

Refund of Unutilized ITC Following Business Closure: Is It Allowed Under the CGST Act?The Sikkim High Court, in SICPA India Private Limited and Another v. Union of India and Others (W.P.(C) No. 54 of...

Introduction(i) Overview of the DecisionThe Allahabad High Court delivered an important verdict regarding the treatment of technical mistakes in e-way bills under the Goods and Services Tax (GST) regi...

Overview of Section 80-IAC Income Tax Exemptioni) Full Tax Exemption for StartupsAssessees operating as startups in India can claim a total exemption from income tax on profits for any three consecuti...

Introduction: Navigating Healthcare Technology and TaxationThe intersection of advanced healthcare services and taxation presents a unique regulatory challenge, especially as novel medical technologie...

Overview: The Intensified Focus on Tax ProfessionalsIn July 2025, the Indian Income Tax Department executed a widespread operation across more than 200 locations, exposing significant scams involving...

Overview of the Reform InitiativeThe Central Government’s tax reforms committee has put forward pivotal amendments in the draft Income Tax Bill, 2025, which is set to supersede the Income Tax Act, 196...

1. Introduction: Defining NGOsA Non-Governmental Organization (NGO) operates independently from governmental control with the objective of addressing a range of issues such as social welfare, environm...