Articles by Vivek Jalan

TCS on Foreign Remittances Deferred to Oct 2023: New Rules

Posted by Vivek Jalan 15 May 2026 214 Views

Understand the deferred TCS on foreign remittances & credit card spends. Learn new rates, thresholds, and exemptions effective October 1, 2023.

Secunderabad Club Ruling: Mutuality & Taxation Explained

Posted by Vivek Jalan 14 May 2026 207 Views

Understand the Secunderabad Club ruling on the principle of mutuality and club taxation. Learn how interest on deposits and non-member income is taxed.

GSTN Advisory for Set-Off of IGST Liability taken off from the GST Portal: Expected Consequences for Taxpayers!

Posted by Vivek Jalan 28 May 2026 4287 Views

The April 2026 withdrawal of the GST portal advisory has restored the statutory ITC utilization sequence under Section 49(5) of the CGST Act, increasing compliance and cash flow challenges for taxpayers. Businesses that relied on the earlier mechanism in February and March 2026 may now face interest liability, notices, and potential litigation over incorrect ITC utilization.

ITA 2025: Can Mere Suspicion Trigger Seizure? Karnataka HC's Xiaomi Verdict Explained

Posted by Vivek Jalan 11 May 2026 742 Views

Can mere suspicion trigger seizure of foreign assets? Explore how Section 247 of ITA 2025 links with the Black Money Act, the Karnataka HC's Xiaomi ruling, and the legal framework behind foreign asset seizure.

GST on University Affiliation Fees: Relief or Litigation?

Posted by Vivek Jalan 25 April 2026 164 Views

Explore the ongoing debate on GST applicability to university affiliation fees. Learn about recent court rulings and their implications for educational institutions.

Capital Gains: Year of Transfer for Property

Posted by Vivek Jalan 27 April 2026 1336 Views

Understand when capital gains are assessed for property transfers with partial payments. Learn how possession date determines the assessment year.

GSTAT Appeals: Avoid Critical Mistakes | Landmark Case Insights

Posted by Vivek Jalan 29 April 2026 1471 Views

Filing GSTAT appeals? Learn from a landmark case to avoid common mistakes. Ensure valid filing, timely submission, and strong evidence for success.

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

Posted by Vivek Jalan 23 April 2026 1344 Views

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.

Form 10-IEA Mandatory for Tax Regime Switch AY 2024-25

Posted by Vivek Jalan 24 April 2026 1142 Views

Switching tax regimes from AY 2024-25? Learn about the new Rule 21AGA and the mandatory Form 10-IEA for businesses. Discover changes to exempt allowances, perquisites, and depreciation.