With GSTAT operational, mismatches are no longer automatically treated as fraud. Strong documentation and intent-based defense now determine litigation ...

The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...

A practical guide to ensuring Bill of Entry data flows correctly from ICEGATE to GSTR-2B. Proper verification prevents ITC ...

The Bill of Entry is the key document for paying IGST on imports and claiming Input Tax Credit. Proper GSTIN reporting and data matching are essential to avoid credit ...

The ITAT held that absence of a valid notice under Section 143(2) is a jurisdictional defect. Since the notice was not properly issued by the competent officer, the entire assessment was declared void ...

Under GST, the burden of proof falls on the recipient mainly when they claim input tax credit (ITC); this is codified in section 155 and refined by recent ...

The Tribunal ruled that proving source of source was not mandatory for AY 2014-15. Since identity, creditworthiness, and genuineness were established, unsecured loan additions were ...

If you have filed your GSTR-1 and GSTR-3B but haven’t received your IGST refund for exports, the process is usually automatic ...

The Tribunal allowed depreciation on non-compete fees despite Supreme Court ruling it as revenue expenditure, citing practical difficulty and revenue-neutral impact. Revenues appeal was ...

The Tribunal held that the contractor failed to fully pass on GST input tax credit benefits under Section 171. It directed refund of ₹9.36 lakh proportionate amount with interest for completed ...

The Commerce Minister urged industry to embrace AI, data centres and clean energy to unlock a trillion-dollar opportunity by 2035, supported by tax incentives and infrastructure ...

The Delhi High Court held that prolonged pendency of bail applications causes trauma and violates the fundamental rights of accused persons. Granting bail in a murder case, the Court stressed that ...