30 March 2026 at 10:28
GST on arbitration awards isn't straightforward. Taxability hinges on whether payments are consideration or compensation. AAR clarifies key distinctions and GST implications.
GST wrongly levied on penal charges by banks/NBFCs in 2024 has created a Rs 1500 crore issue with no refunds yet. Explore audit implications, legal position, and key concerns for CAs and auditors for FY 2025-26.
27 March 2026 at 16:27
Wrongly availed Input Tax Credit under GST can trigger interest liability, even without utilisation. Learn how delayed reversal and prolonged retention of ITC can quietly create financial risk for taxpayers.
GST authorities are increasingly conducting physical verification of business premises even after issuing GST registration certificates. This may be triggered due to undelivered welcome letters, risk-based scrutiny in automatic registrations, or doubts arising during normal registration processes.
27 March 2026 at 09:25
GST refund denied due to a minor GSTR-1 error? The Supreme Court in Ruhi Siraj Makda v. Union of India (2026) upholds exporters’ rights, ruling that clerical mistakes cannot override genuine exports and IGST payments.
Struggling to submit GSTR-3B on the GST portal? Discover common reasons like unconfirmed liability breakup, unsaved data, validation errors, ledger mismatches, and portal glitches plus quick fixes to resolve filing issues smoothly and avoid last-minute stress.
25 March 2026 at 09:40
Not every supply linked to foreign movement qualifies as an export under GST. The Andhra Pradesh High Court clarifies that only the transaction directly causing goods to leave India earns zero-rated export status, highlighting the crucial distinction between "supply for export" and "export of goods."
24 March 2026 at 09:51
GST applies only when there is a "supply," not merely movement of money. This analysis explains why arbitral awards, refunds, and compensatory interest from pre-GST contracts may fall outside GST, highlighting key provisions of the CGST Act and principles of taxability.
23 March 2026 at 09:48
A practical GST insight on royalty payments to authorsexploring classification, reverse charge mechanism and why the correct rate is 18%, not 12%.
20 March 2026 at 10:51
The 8-8-8 rule offers a timeless blueprint for balanced living: 8 hours of focused work, 8 hours of restorative sleep, and 8 hours for personal life, relationships and joy.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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