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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
Section 44AD Presumptive Taxation: ₹3 Crore Limit & Calculation (2026)
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 Form 10BB for Charitable Trusts: Filing Guide
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
Tax on Tobacco in India: GST, Cess Rates & Recent Increases
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 vs GST on Imports: BCD + IGST Calculation Method
Introduction India’s taxation system has undergone significant transformation since independence, particularly with the implementation of the Goods and Services Tax re
Section 10 Income Tax Act: List of Exempt Incomes 2026
Introduction Tax exemptions represent a cornerstone of India’s fiscal policy framework, serving as powerful instruments to incentivize specific economic activities, promote s
