Popular Articles

Section 17: Apportionment of Credit and Blocked Credits

Rajagopal K 07 July 2025 at 10:33

Understand key provisions on Input Tax Credit (ITC) apportionment and blocked credits under GST law, including rules for business vs personal use, exempt supplies, banking sector options, and ineligible credits

Understanding Partition and Re-Union of HUF

IYER P.V 18 October 2024 at 08:41

Family connotes a group of people related by blood or marriage, "family" always specifies a group. Plurality of persons is an essential attribute of a family A Family consisting of a single individual is a contradiction. Section 2(31)(ii) of The Income Tax Act,1961

Best Practices to be followed in Corporate/Industry

Chhaviraj Joshi 19 August 2024 at 14:25

Promoters should have appropriate qualifications and requisite experience. If the promoter has studied at a foreign university and knowledge of law, etc., in the Indian context is not known to him, then another director should have that knowledge or experience.

How to Avoid Penalties by using Tracking GST Returns Due Date

Ishita Ramani 14 December 2024 at 08:54

Here's how you could avoid consequences using correctly tracking the GST returns due date.

New Pan Masala Tax: Capacity-Based Levy Explained

Shivani 08 December 2025 at 06:38

Discover the capacity-based tax structure introduced by the 2025 Cess Bill. A mechanism designed for stable revenue and high accountability in the pan masala sector.

Convergence - Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India - Part 1

Nitin Bhuta 16 April 2025 at 10:45

In this article, the author has attempted to explore complementary or completely opposing perspectives by examining aspects such as revenue recognition of revenues and expenditures, inventories, capital expenditures (Capex), and related party transactions.