In India, philanthropy and social welfare have always been encouraged through various legal provisions. One such important provision under the Income Tax Act is Section […]
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Understanding Section 122(1A) of the CGST Act and Its Scope
The Central Goods and Services Tax (CGST) Act is a crucial legislation that governs the administration of GST in India. Among its various provisions, Section […]
Understanding Income Tax Returns and Tax Payments
Filing an income tax return is not only a legal responsibility but also a fundamental aspect of maintaining sound financial health. It is a record […]
Introduction to GST Registration Certificate
The Goods and Services Tax (GST) regime in India has transformed the country’s indirect taxation system by bringing multiple taxes under one umbrella. Every business […]
What the Recent HC Judgment Means for GST Taxpayers Using Credit Ledger
The High Court’s decision is rooted in a careful reading of statutory provisions and an understanding of the underlying purpose of interest under tax law. […]
Understanding Tax Deduction at Source on Interest on Securities
Tax Deduction at Source on interest on securities is an important component of the taxation system that ensures tax is collected at the very point […]
Tax Implications of Restructuring or Reconstitution of Firms and LLPs – Direct Tax Challenges and Real-World Examples
Firms and LLPs are dynamic business structures that often need to adapt to changing market conditions, internal management needs, or strategic growth opportunities. These adaptations […]
ITC Reversal for Time-Expired Goods under the CGST Act Interpretations, Compliance, and Case Law Insights
The Goods and Services Tax system in India was introduced with the objective of unifying the indirect taxation framework, removing cascading taxes, and simplifying compliance […]
Overview of Taxation in International Shipping and Airlines
The global nature of shipping and airlines industries creates unique challenges for taxation authorities worldwide. Foreign shipping and airline companies operate across multiple jurisdictions, earning […]
Understanding the 20% Pre-Deposit Requirement Under GST
The Goods and Services Tax (GST) regime introduced a unified tax structure aimed at simplifying indirect taxation in the country. However, like any complex tax […]