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Are Demat Provisions Mandatory for a Private Company that is a Wholly-Owned Subsidiary of a Public Company?
IntroductionThe Ministry of Corporate Affairs amended the Companies (Prospectus and Allotment of Securities) Rules, 2014, by introducing Rule 9B through a notification dated October 27, 2023. This mod...
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Navigating the Complexities of GST and Leasing in the Automobile Industry
In the current global discourse surrounding green transportation and sustainability, electric vehicles (EVs) and innovative financing methods like leasing are at the forefront. As countries work towar...
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Comprehensive Analysis of TDS and RCM Under GST for Metal Scrap Transactions
The Goods and Services Tax (GST) framework includes provisions for Tax Deducted at Source (TDS), initially applicable only to government entities and public sector units as per Section 51 of the Centr...
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Navigating GST Registration for International Entities in India Amid E-commerce Expansion
IntroductionGrowth of E-commerce in India: International businesses are increasingly leveraging the surge in Indian e-commerce, leveraging digital platforms to penetrate new markets and overcome geogr...
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Review of GST Audit and Financial Statements (GSTR 9 & GSTR-9C)
1. Evaluating Audited Financial Statements from a GST Perspective (GSTR 9 & 9C)GST audits are critical for ensuring adherence to the Goods and Services Tax statutes; they validate the truthfulness of...
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In-Depth Analysis of GST Return Examination by the Competent Officer
OverviewThe examination of tax returns under the Central Goods and Services Tax (CGST) Act, 2017, plays a pivotal role in ensuring adherence to GST regulations and reducing inconsistencies in tax subm...
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Evaluating Rule 86B of the CGST Rules 2017: Limitations on Utilization of ITC
Rule 86B, added to the Central Goods and Services Tax (CGST) Rules, 2017 through Notification No. 94/2020, became operative on January 1, 2021. This rule serves to combat fraudulent activities within...
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Key Insights into Amendments on GST Provisions: Sections 16 and 128A
Overview: The recent modifications in the GST Act affecting Sections 16 and 128A bring substantial changes in the context of Input Tax Credit (ITC) claims and related tax relief measures. The Supreme...
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Classification of Geo Membrane under Indian Tariff: Gujarat High Court Ruling
Overview: Gujarat High Court recently addressed the classification of Geo Membrane products in the case of M/s Ananta Synthetic Innovations v. State of Gujarat [Special Civil Application No. 504 of 20...
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GST Appeals: Filing Process, Timelines, and Common Grounds for Success
1. Understanding GST AppealsNobody enjoys disputes, particularly when they're linked to adverse GST orders by tax authorities. Fortunately, the law provides the right to contest such decisions. Essent...
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Clarifying Tax Classification Errors: Provisions under Section 77 of the CGST Act, Section 19 of the IGST Act, and Circular No. 162/18/2021
The introduction of the Goods and Services Tax (GST) aimed to simplify the indirect tax structure in India. Despite this, the system poses challenges, especially when determining whether a supply is i...
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Notification 8/2025-Central Tax: Examination of Late Fee Waiver
Overview Notification No. 8/2025-Central Tax, which was released on January 23, 2025, by the CBIC under Section 128 of the CGST Act, 2017, offers a conditional exemption from late fees for the late su...
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GST Reprieve Initiative 2024: Guidelines for Filling SPL-02 Form
Understanding the GST Reprieve Initiative 2024: Relief from Interest and Penalties via Forms GST SPL-01 and GST SPL-02Overview: The GST Reprieve Initiative 2024 facilitates the waiver of interest and...
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In-Depth Guide on Late Fee Waiver for GSTR-9 and GSTR-9C Filings
Notification on Late Fee WaiverOn January 23, 2025, Notification No. 08/2025 – CENTRAL TAX was released by the Central Board of Indirect Taxes and Customs (CBIC). This notification captures the decisi...
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Analysis of Notification No. 5/2025: Changes to "Specified Premises" Definition in India’s Tax Laws
Key Modifications in Notification No. 05/2025Notification Changes and Effective DateOn January 16, 2025, the Central Government released Notification No. 05/2025 - Central Tax (Rate), which will take...
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Guide to Filing GST Amnesty Scheme 2024 Applications
1. Overview of the GST Amnesty Scheme 2024The GST Amnesty Scheme for the year 2024, referenced under Section 128A, offers relief from interest and penalties relating to the timeframe between July 1, 2...
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GST Amnesty Scheme – Section 128A: A Detailed Overview
Introduction of Section 128AThe GST Council, during its 53rd meeting, recommended the inclusion of Section 128A in the CGST Act. This section aims to provide relief from interest and penalties for reg...
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Rectification of ITC Claims Through Section 16(5) of GST: A Review of Notification No. 22/2024-CT and GSTN Advisory
IntroductionThe introduction of Section 16(5) under the Central Goods and Services Tax Act, 2017 (CGST Act) alongside Notification No. 22/2024-CT issued on October 8, 2024, provides a solution for the...
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Requirement for Bilingual Documentation by Central GST Department
Background Judgment: The Andhra Pradesh High Court adjudicated in the case of M/S Subodh Enterprises v. Union of India & Ors and Andhra Pradesh Township and Infrastructure Development Corporation Limi...
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Revised GST Refund Procedure Under Inverted Duty Structure: Insights from the Gujarat High Court
Introduction to GST Refund Under IDSThe Gujarat High Court, in the case of M/S. Tirth Agro Technology Pvt. Ltd. & Anr. Versus Union of India & Ors. - (2025) TaxCorp(GST) 48236 (HC-GUJARAT), provided c...