India’s tax authorities have introduced stricter procedures for buyers seeking GST refunds after flat cancellations, focusing on the builder’s ability to issue credit notes and the critical timing of claims under the two-year limit, with new pathways for unregistered persons…
The Punjab and Haryana High Court upholds the constitutional validity of Section 16(2)(c) of the CGST Act but prohibits mechanical denial of input tax credit, highlighting the need for a balanced approach in GST compliance. The Punjab and Haryana High…
The Hyderabad ITAT ruling clarifies that taxpayers can raise a Section 54F exemption claim for the first time during appeal, provided statutory conditions are still to be examined, potentially reshaping reassessment disputes. The Hyderabad Bench of the Income Tax Appellate…
India considers a new phase of GST reforms aimed at easing compliance, enhancing input tax credit access, and automating enforcement to ease business liquidity and dispute resolution. India’s next round of goods and services tax reform is shaping up as…
The Goods and Services Tax Council is set to announce significant export-friendly adjustments, including faster refunds and broader zero-rated export definitions, aimed at easing cash flow for over 38,000 exporters in India. The Goods and Services Tax Council is expected…
India’s central government is set to pilot a single-window GST registration system for companies operating across multiple states, promising to streamline compliance procedures and reduce duplicate filings for large businesses. India’s central government is preparing to trial a single-window goods…
Former RBI governor C. Rangarajan calls for explicit GST exemption on merchant discount rate fees for UPI transactions above ₹2,000, amid ongoing debates on charges and financial inclusion. Former Reserve Bank of India governor C. Rangarajan has urged the GST…
While a career break does not automatically halt EPF interest accrual, recent rules and legal interpretations complicate its tax treatment once employment terminates, affecting long-term savings strategies. A career break does not automatically stop an Employees’ Provident Fund account from…
The Indian government is contemplating significant changes to Goods and Services Tax procedures, including curbing arrest powers of tax officers and streamlining registration and audits to reduce complexity and improve compliance across states. The Centre is preparing a wide-ranging overhaul…
The 57th GST Council meeting on 7 October in New Delhi is set to focus on expanding input tax credit mechanisms, improving compliance, and providing targeted relief for small businesses and exporters amid efforts to simplify tax procedures and unlock…
The GST Council is exploring a common registration route for businesses operating across multiple states, aiming to simplify compliance and reduce application delays without creating a centralised GST system. India’s GST Council is set to examine a common registration route…
India’s markets regulator, Sebi, is contemplating suspending its recent overhaul of expiry-day derivatives pricing, signalling a strategic shift aimed at stabilising turbulent futures and options trading with a move towards volume-weighted average price calculations. India’s markets regulator is preparing to…
