Articles by Vivek Jalan

Section 2(47)(v) & Capital Gains: Determining the Year of Transfer in Property Transactions

Vivek Jalan 27 April 2026 at 08:59

Understand when capital gains on immovable property are taxable if payments are made in instalments. Learn how possession, not payment or agreement date, determines the year of taxability and indexation, with insights from the Archean Realty Pvt. Ltd. vs DCIT ruling.

Affiliation Fees Under GST: Relief for Universities or Continuing Litigation?

Vivek Jalan 25 April 2026 at 08:59

The Rajasthan Technical University vs Union of India ruling clarifies that university affiliation fees, being statutory levies, may fall outside GST as they are not "consideration" for business activities, though conflicting views like Bharathidasan University vs Joint Commissioner of GST keep the issue unsettled.

Rule 21AGA Introduced: Form 10-IEA Mandatory for Switching Tax Regimes from AY 2024-25

Vivek Jalan 24 April 2026 at 09:14

CBDT Notification 43/2023 introduces Rule 21AGA and Form 10-IEA for switching between old and new tax regimes from AY 2024-25. Learn updated rules on exemptions, perquisites and depreciation under Section 115BAC.

GST Not Applicable on Leasehold Rights Transfer, Holds Bombay High Court

Vivek Jalan 23 April 2026 at 09:16

Bombay High Court rules that assignment of leasehold rights is not a taxable supply under GST, treating it as transfer of immovable property; key implications amid ongoing Supreme Court challenge.

Interest Cost: The Next Big Evolution in GST

Vivek Jalan 22 April 2026 at 09:19

Learn about the latest GST changes effective March 2026, including the revised interest calculation formula on delayed tax payments, auto-population of liability in GSTR-3B based on document date and interest recovery through GSTR-10

Taxability of Loan Waiver Explained: Interest vs Principal Treatment in Income Tax

Vivek Jalan 18 April 2026 at 10:15

Understand the taxability of loan waiver in India, including interest and principal components. Learn how courts interpret capital vs revenue receipts with key rulings like Mahindra & Mahindra and TV Sundaram Iyengar, and the importance of the purpose test.

Supreme Court on Section 2(15): Key Rules for GPU Charitable Trusts Explained (2022 Landmark Ruling)

Vivek Jalan 17 April 2026 at 09:08

Supreme Court in Ahmedabad Urban Development Authority (2022) clarifies GPU entities’ tax exemption: limits on commercial activities, 20% receipt cap, cost-based pricing test, and key ITAT rulings shaping Section 2(15) & 11 compliance.

Evolution of IGST/CGST/SGST Utilization. Understanding New Rule from February 2026

Vivek Jalan 16 April 2026 at 09:09

GST ITC rules updated in 2026: After exhausting IGST credit, taxpayers can now utilise CGST and SGST ITC in any sequence to pay IGST liability. Learn the key changes, legal background and impact on cash flow and compliance.

Export Obligation (EO) for EPCG Licenses reduced proportionately for FY 24-25

Vivek Jalan 13 April 2026 at 09:03

Policy Circular No. 10/2025-26 (26 Feb 2026) introduces key compliance changes for EPCG licence holders under FTP 2023. Understand the EO reduction criteria under Para 5.17, DGFT process, RA actions, and a practical checklist to ensure accurate EODC filings and risk mitigation.

AI is a Tool, Not a Judge: Challenging AI-Generated Orders under GST Law

Vivek Jalan 10 April 2026 at 09:03

Gujarat High Court warns against blind reliance on AI-generated citations in GST orders. Learn key implications, compliance steps, and how taxpayers can challenge flawed AI-based decisions effectively.