As GST rates shift, companies must navigate nuanced rules around transaction timing and contract language to avoid compliance pitfalls and financial losses, particularly in goods versus services. When GST rates change, businesses with live contracts can face immediate pressure on…
The Madras High Court has directed the Income Tax Department to restore access to its digital portal for a taxpayer unable to file a return due to technical glitches, highlighting judicial support for procedural fairness amid evolving e-filing systems. The…
Employers with long-standing EPF contribution delays now have a one-time opportunity to resolve disputes at significantly reduced penalties through the EPFO’s Vishwas 2026 scheme, which opens until December 2026 with mandatory online procedures. Employers facing old disputes over delayed provident…
India’s Supreme Court has ordered longer mandatory third-party insurance periods for new cars and two-wheelers, aiming to improve crash victim protection and close a persistent compliance gap, with enforcement measures including linking fuel sales to insurance validity. India’s Supreme Court…
The Indian government has introduced new rules to establish Indian Standard Time as a scientifically traceable, unified national reference, aiming to synchronise systems across the country and improve digital accuracy. The Indian government has issued new rules aimed at turning…
The Delhi High Court has called for immediate measures to prevent fraudulent GST registrations using misused PAN and Aadhaar details, warning of continued risks to individuals and revenue losses amid widespread misuse. The Delhi High Court has given the Centre…
New GST rules requiring precise bank account details pose a risk of automatic suspension for businesses, with small firms most vulnerable to disruptions and delays in filing and input tax credits. For many businesses, GST compliance now depends on more…
The Supreme Court has ruled that banks can use the SARFAESI Act to recover non-performing loans acquired from non-banking financial companies, even if the original loans predate the lenders’ coverage under the law, marking a significant shift in enforcement practices.…
The Delhi Income Tax Appellate Tribunal has clarified that when alleged bogus transactions are matched by sales, only the embedded profit, not the entire purchase value, should be taxed, setting a new precedent in tax assessment practices. The Delhi Income…
Salaried workers earning income from platforms like Instagram and YouTube face new complexities as tax rules differentiate between salary and side-hustle incomes, offering simplified presumptive schemes but demanding careful compliance. For salaried workers who also earn money from Instagram, YouTube…
The Employees’ Provident Fund Organisation has opened a limited-time digital window for employers to correct past EPF enrolment omissions, offering an avenue to include eligible workers while simplifying the process and waiving employee contributions for missed periods. The Employees’ Provident…
Central Goods and Services Tax (CGST) plays a pivotal role in India’s tax system by streamlining intra-state transactions. This explainer delves into its structure, functionality, and importance for business compliance post-2017 reforms. Central Goods and Services Tax, or CGST, is…
