ITAT Rajkot restored an assessment involving a ₹4.30 crore Section 69A addition and related penalty to the Assessing Officer, emphasizing merits review over summary dismissal.
The Gujarat AAR's ruling in the Torrent Pharmaceuticals case clarifies that subsidized canteen recoveries are not taxable supplies, but it introduces complex compliance hurdles for corporate ITC apportionment.
As Google celebrates its 28th anniversary, we trace its journey from a $100,000 un-incorporated cheque to a $4 trillion empire, analyzing the critical tax, corporate compliance, and GST dynamics that define modern digital giants.
Rapido's zero-commission food delivery platform, Ownly, is challenging the high-markup structures of Zomato and Swiggy. We analyze the market disruption and its profound GST, tax compliance, and revenue implications.
Replacing Russian crude could cost India up to $3.7 billion annually. Explore the profound fiscal, GST, and macroeconomic tax implications of this potential energy transition.
Karnataka GST authorities have issued a ₹23.74 crore show cause notice to Sanofi India over alleged excess input tax credit claims for FY2022-23, spotlighting the growing rigor of departmental audits.
A Singapore court’s interim judicial management order for Radiant World exposes a $102.59 million banking risk, highlighting the critical need for integrated tax and invoice compliance in global trade.
With the rate-cut cycle declared over, experts predict a potential RBI rate hike. Explore how rising yields, crude oil, and inflation will reshape corporate treasury strategy, GST compliance, and government revenue collections.
An in-depth analysis of how a $231.5 billion shadow economy in counterfeits and contraband erodes India's public revenue, disrupts the GST framework, and challenges tax compliance.
India's foreign exchange reserves witnessed a sharp $14.9 billion decline to $765.9 billion. Explore the fiscal undercurrents, RCM compliance challenges, and IGST implications of this macroeconomic shift.