Articles by Vivek Jalan

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.

Rule 39(1) vs Section 20: ISD ITC Distribution Timing Gets Judicial Clarity

Vivek Jalan 09 April 2026 at 10:20

Madras High Court in Reliance Jio Infocomm Ltd vs Union of India clarifies ISD ITC distribution timing under GST. Learn when ITC becomes "available," same-month distribution expectations and a practical compliance checklist for taxpayers.

From Swiggy Sales to POS Data: How Tax Authorities Are Tracking B2C Businesses

Vivek Jalan 07 April 2026 at 09:30

Income Tax Department flags Rs 408 crore suppressed sales in restaurants, signaling stricter data-driven scrutiny across B2C sectors. Experts advise proactive reconciliation, transparent reporting and compliance amid rising GST-IT integration and new SFT rules from April 2026.

Understanding Transitional Provisions to Income Tax Act 2025 (ITA25) from Income Tax Act 1961 (ITA61)

Vivek Jalan 06 April 2026 at 09:00

A complete guide to the transition from the Income Tax Act, 1961 to the Income Tax Act, 2025 effective 1 April 2026. Understand key compliance changes, TDS/TCS timelines, return filing rules, carry-forward provisions and critical action points for taxpayers.

Finalization of books under GST in March-April 2026 in light of Recent Developments

Vivek Jalan 04 April 2026 at 09:31

GST books closure for March-April 2026 gains critical importance with GST 2.0 implementation. Explore key compliance checks including vendor KYC, ITC reconciliation, credit notes, GST rates, POS rules and refund strategies in this practical guide.