CAclubindia Articles

Advance Today, Export Deferred: Section 2(6) With FEMA Undercurrents

Raj Jaggi 25 February 2026 at 09:54

Under the Integrated Goods and Services Tax Act, 2017, can advance foreign payment alone qualify as export of services? Analysing Section 2(6), time of supply, and FEMA implications through the Shreyans Ltd. case study.

GST on Free Warranty Repairs: No Tax? Full Legal Explanation with Procedures

Ram Avtar Singh 25 February 2026 at 08:54

GST treatment of warranty repairs and replacements explained with reference to Circular No. 195/07/2023-GST and Circular No. 216/10/2024-GST, covering ITC, off-site repair procedures, distributor scenarios, extended warranty taxation and Rule 55 delivery challan requirements.

Agricultural Land to Layout Development: Capital Gain, Business Income & GST Explained

efiletax 25 February 2026 at 08:54

Understand tax implications of converting agricultural land into residential plots - capital gains vs business income, ITR filing, Section 45(2), GST applicability, valuation rules and key mistakes to avoid for real estate investors.

List Of High-Value Transactions Under New Section 508: Starting From April 2026

Mitali 24 February 2026 at 16:54

Section 508 replaces 285BA starting from April 2026. Check the new SFT limits for cash deposits, credit cards, property, insurance and investments.

Rule 14A Withdrawal Option Now Available on GST Portal

Mitali 24 February 2026 at 11:55

Taxpayers may choose to withdraw from the Simplified Registration Scheme under Rule 14A of the CGST Rules, 2017 which was effective from 1st November 2025 and m..

The Great Indian Housing Disconnect (2025-2026)

efiletax 24 February 2026 at 09:29

Why home prices in India keep rising despite unsold flats. Understand market realities, financial risks, and whether buying a house in 2026 truly makes sense.

When Dollars Don't Come Home: Export Of Services in The Digital Age Under GST And FEMA

Raj Jaggi 24 February 2026 at 09:18

Explore how GST applies to cross-border professionals in India. Learn export of services conditions, FEMA implications, registration rules, and compliance risks in a borderless digital economy.

What is Hawala Transaction in India?

efiletax 24 February 2026 at 07:05

Understand what hawala is, how it works, why it is illegal in India, and how government agencies trace hawala transactions using AI, STRs, and financial intelligence in 2026.

Rs 70,000 Crore Restaurant Tax Evasion Detected: How AI-Driven Tax Audits Are Changing Compliance in India

efiletax 23 February 2026 at 15:54

Income Tax Department detects ₹70,000 crore suppressed restaurant sales using AI and billing analytics. Know penalties, risks and key compliance steps for businesses.

Where The Benefit Flows, GST Follows - A Consortium Story Under The IGST Lens

Raj Jaggi 23 February 2026 at 10:28

An in-depth GST analysis of cross-border consortium arrangements, explaining how financial administration support can qualify as import of services, triggering place-of-supply rules and reverse charge liability under the IGST framework.