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In a landmark judgment, the Supreme Court has upheld an order of the High Court directing a GST official to pay compensation to a taxpayer for issuing an invalid penalty order. The Court also increased the compensation amount from Rs. 10,000 to Rs. 69,000.
The Goods and Services Tax (GST) Act, introduced in India in 2017, has revolutionized the country's taxation system. However, certain aspects of the Act continue to spark debate, including the interpretation of the term "goods" and its implications for cash seizure under Section 67.
Securities Appellate Tribunal Quashes SEBI's Order Imposing Penalty on Mukesh Ambani and Two Others in Case Related to Manipulative Trading
While reading some concepts of the Limitation Act in my LLB syllabus a thought came to my mind that can we Combine the Limitation Act and the Income Tax Act?
In a recent report, ICAI Research Committee Highlights Instances of Misconduct and Gross Negligence by Chartered Accountants. I am writing it to make fellow members and students aware of the same.
In a recent order, the Delhi High Court (HC) has set aside an order cancelling a taxpayer's GST registration, stating that the order lacked proper reasons for cancellation.
The 2FA, requiring a one-time password (OTP) for login security, aims to enhance GST portal security and will be implemented nationwide in the second phase from December 1, 2023.
The Micro, Small and Medium Enterprises (MSME) sector plays a pivotal role in India's economic growth, accounting for a significant portion of the country's GDP and employment.
The Goods and Services Tax (GST) Act, 2017, mandates that certain categories of taxpayers must obtain GST registration irrespective of their turnover or threshold limit of 40 lac or 20 lac for goods and services respectively.
In the dynamic realm of income taxation, the process of reassessment has witnessed significant legal amendments aimed at striking a balance between taxpayer rights and revenue interests. Recent changes, particularly those introduced by the Finance Acts of 2021 and 2022
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