News list

Rule 86B of GST restricts the utilisation of input tax credit by mandating a minimum cash payment where monthly taxable turnover exceeds ₹50 lakh. This article explains the applicability, statutory exceptions, cumulative cash payment mechanism, consequences of non-compliance, DRC-03 payments, and the refund process for double tax payment, with practical insights to help taxpayers ensure smooth GST compliance.

Refund of pre deposit for appeal under GST has been a recurring area of dispute, particularly where refund claims are rejected by invoking the limitation under Section 54 of the GST Act. In a recent judgment in State of Jharkhand vs BLA Infrastructure Pvt. Ltd., the Supreme Court has clarified the correct statutory route for refund of pre-deposit made for filing an appeal. This article analyses the findings of the Jharkhand High Court and the Supreme Court, examines the role of Section 107(6), Section 115 and Section 54, and explains the legal and practical implications for taxpayers and GST practitioners.

Deemed dividend case law have repeatedly confirmed that Section 2(22)(e) should be applied strictly. In a recent ruling, the ITAT Ahmedabad reaffirmed that TDS under Section 194 is attracted only where dividend is paid to a shareholder, and not on genuine inter-corporate loans given for commercial purposes.

The Interest Subsidy in Rajasthan under RIPS 2024 helps MSMEs cut borrowing costs by 3% to 6% (and more in special cases). Learn how it works, who is eligible, and use our free calculator to estimate your subsidy year by year.

Small businesses often ask, which is better composition or regular GST? This article explains how GST rate and profit margin decide the winner, with real scenarios, profit tables, and clear break-even points for B2C sellers.

The recent GST reforms have revived the debate of GST rate with ITC or without ITC. Learn the impact of new GST reforms in relation to which option to choose. GST Rate with ITC or without ITC. Use our free Calculator.

We have designed a Capital Gain Calculator for Sale of Property in India to calculate the captial gains on sale of your property with ease. This calculator covers short-term and long-term gains, compares between the new 12.5% tax option without indexation, 20% with indexation, and also explores available exemptions under the Income Tax Act.

If you are wondering how much tax you will pay in FY 2024–25 (AY 2025–26), this New Tax Regime  Income Tax Slab Reckoner will help you. You can check the effective tax payable under the New Tax Regime for the FY 2024-25 in this article. 

Understand PM Viksit Bharat Rozgar Yojana 2025 – eligibility, benefits for employers, and how businesses can claim up to ₹3,000 incentive per employee

Why your income tax refund adjusted against outstanding demand? Learn Section 245 rules, refund adjustment process, and how to respond to tax notices