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Anti-Profiteering Mechanism Upheld: Delhi High Court Validates and Ensures Integrity of GST
Introduction The anti-profiteering mechanism embedded within the Goods and Services Tax (GST) framework, as delineated by Section 171 of the CGST Act, 2017, serves as a safeguard t
An In-depth Analysis of Section 115BAC: Understanding the Optional Scheme vs. Default Scheme of Taxation
Introduction: The landscape of taxation in India has witnessed significant changes over the years, with amendments and new provisions being introduced to streamline the system and
Enemy Property and Taxation: Supreme Court’s Judgment – A Detailed Analysis
Introduction The case under consideration involved a contentious dispute over the taxation of “enemy property” in India. The appellants, Lucknow Nagar Nigam & Other
Presumptive Taxation Scheme under Section 44AD of Income Tax Act: A Comprehensive Analysis
Introduction The Indian taxation system has evolved significantly to accommodate the needs of small businesses and taxpayers who operate at modest scales. Recognizing the complianc
Form 10B and 10BB: Audit Report Requirements for Charitable and Educational Institutions Under the Income Tax Act, 1961
A brief overview of the new audit report forms notified by the CBDT for non-profit organizations seeking tax exemptions Introduction The taxation framework for charitable and educa
GST Compliance by Foreign Entities in India: Legal Framework and Tax Evasion Prevention
Introduction The Goods and Services Tax (GST) regime in India has fundamentally transformed the indirect taxation landscape since its implementation in 2017. One of the most signif
Income Tax Informants Rewards Scheme 2018 and Evasion Petition Procedure
Introduction The Income Tax Informants Rewards Scheme 2018 represents a significant enhancement in India’s approach towards combating tax evasion through citizen participatio
Tobacco Taxation in India: Balancing Public Health and Revenue Under GST and COTP
Introduction Tobacco taxation represents a critical intersection of public health policy and revenue generation in India’s fiscal landscape. The taxation of tobacco products
Customs Duty and GST: Legal Framework and Regulatory Mechanisms in India
Introduction India’s taxation system has undergone significant transformation since independence, particularly with the implementation of the Goods and Services Tax re
Tax Exemptions Under Indian Law: A Comprehensive Analysis of Section 10 and Related Provisions of the Income Tax Act, 1961
Introduction Tax exemptions represent a cornerstone of India’s fiscal policy framework, serving as powerful instruments to incentivize specific economic activities, promote s
