GST
Rule 31D under GST: MRP-Based Valuation Explained (Effective 1 February 2026)
The GST valuation framework has witnessed a significant shift with the insertion of Rule 31D of the CGST Rules, 2017, notified vide Notification No....
Income Tax
Section 54 is about Intent, Not Brick-by-Brick Completion
Tax law often forgets one thing: real life doesn’t move at the speed of statutes.Construction approvals get delayed. Plans change. Timelines slip.
The Kolkata Bench...
Latest Articles
GST
Why prices of Sin goods are rising: GST, Cess and the Real Impact on Consumers
In recent months, consumers across India have noticed a steady increase in the prices of sin goods such as cigarettes, tobacco and pan masala. This has...
Income Tax
Why Forgotten Income-Tax Demands Are Not Automatically Payable
Over the last few weeks, income-tax demands dating back 15–20 years have suddenly started appearing on the Income-tax portal.
As a Chartered Accountant, it’s important...
Company Law and IBC
MCA Simplifies Director KYC Under the Companies Act
The Ministry of Corporate Affairs (MCA) has amended Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014.
Annual DIR-3 KYC filing has...
GST
E-Way Bill Compliance Under GST: 10 Mistakes That Can Detain Your Goods
Navigating GST compliance in India becomes especially risky when goods are on the move. The e-way bill (EWB), mandated under Rule 138 of the...
Articles
How Labour Codes Repriced Employee Benefits on the BS ?
What Happened?
The Institute of Chartered Accountants of India (ICAI) has issued accounting clarifications stating that any incremental gratuity and leave encashment liability arising from...
GST
Is a Solar power project taxable at 5% as a composite supply, or at 18% as a works contract?
For years, solar EPC contracts were stuck in a GST grey area of 5% or 18%?
That uncertainty has now been put to rest....
Income Tax
₹22,257 Crore Offshore Gain | ITAT Reaffirms Treaty Protection Over Indirect Transfer Rules
ITAT’s Landmark Ruling in the eBay Singapore–Flipkart Case
At the heart of the dispute was whether India can tax ₹22,257 crore of capital gains merely...
GST
Expat Secondment Not Taxable Under GST
Facts of the case:
The petitioner, Alstom Transport India Limited (“Alstom India”), operates in infrastructure projects (railways/metro), including design, manufacturing, installation and services.
Between July 2017 and March 2023, employees...
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