29 Apr New rules for aggregation of domestic CA firms in three months: ICAI
Discover how ICAI's new rules aim to enhance Indian CA firms' global competitiveness. Insights on mergers, partnerships, and more....
April 2024
29 Apr Explanations and their Retrospective Effect
In legal contexts, explanations play a pivotal role in interpreting statutes and resolving disputes. Understanding their retrospective effect is crucial for legal practitioners and stakeholders alike....
29 Apr Robust GST Collection & Low Inflation Underline India’s Economy Resilient Despite Global Risks: Finance Ministry Report
India's economic resilience shines through despite global risks, as highlighted in the latest monthly economic report from the finance ministry....
29 Apr Legal Battles Mount As Startups Contest Tax Demands Post ‘Angel Tax’ Easing
Seven months following the relaxation of valuation norms for foreign investments in Indian startups, the landscape remains turbulent....
27 Apr Penalty u/s 129: Understanding GST Penalties for Expired e-Way Bills
Navigating the complexities of Goods and Services Tax (GST) penalties, particularly those under section 129, requires a nuanced understanding of the legal landscape and the implications for businesses....
27 Apr Enhanced GST Portal: Facilitating Taxpayers’ Journey
The Goods and Services Tax Network (GSTN) recently issued Advisory No. 633, dated April 26, 2024, announcing a significant enhancement to the GST portal....
26 Apr Assessment Order Not Sustainable: Importance of Assessee’s Reply
Explore the pivotal case of Aarem Tradex (P.) Ltd. v. Sales Tax Officer, highlighting the significance of Assessee's replies in assessment orders. Learn why proper consideration of Assessee's responses is crucial for just outcomes....
26 Apr Stay Ahead of the Curve: Updated Form Utility and Schema Launched!
The Income Tax Department recently announced the release of the updated Form Utility and Form Schema for Forms 3CA-3CD and 3CB-3CD....
26 Apr Procedural Lapse in Taxation: Significant Benefits Cannot Be Denied
Explore legal precedents showcasing that despite procedural mistakes in taxation matters, significant benefits such as tax credits cannot be forfeited. Learn from real cases and understand the importance of fairness and equity in tax administration....
25 Apr Blocked Input Tax Credit (ITC) under GST: Key Points You Need to Know
In the realm of Goods and Services Tax (GST) in India, understanding Input Tax Credit (ITC) is crucial for businesses to ensure compliance and optimize their tax liabilities....