Introduction A Show Cause Notice (“SCN”) under the Goods and Services Tax (“GST”) marks the beginning of adjudicatory proceedings against a taxpayer. As such, it is important that any Show Cause Notices comply with fairness, clarity and statutory compliance. The Kerala High Court’s ruling in the matter of Kerala State Self-financing B. Pharm College Management…
Introduction The tax administration system in India is on the cusp of a revolution with the incorporation of Artificial Intelligence (“AI”) in the governance mechanism in the country. India has always been plagued by problems like a low tax to Gross Domestic Product (“GDP”) ratio and tax evasion. Despite several reforms, the tax base in…
Introduction The Nagpur Bench of the Bombay High Court in Writ Petition No. 1257 of 2026, dated 27 February 2026, in the case of M/s. Hindustan Equipment Craft v. Assistant Commissioner of State Tax & Ors., held that the assignment of long-term leasehold rights in an industrial plot is essentially a transfer of benefits arising…
Introduction The Supreme Court’s decision in Adani Power Ltd. v. Union of India [(2026) 38 Centax 90 (SC)] is not merely another tax dispute arising out of India’s Special Economic Zones (“SEZ”) regime. It is a restatement of fundamental constitutional principles governing taxation, such as the requirement that all levies have explicit legislative sanction, the…
Key Legal Shifts Section 15 CGST: Simplification of post-sale discount eligibility. Inverted Duty Structure: Provisional refunds now provide immediate liquidity relief. IGST Intermediary Services: Default “place of supply” rules now apply, reducing litigation. Appellate Tribunals: Full operational empowerment effective April 2026. Legislative Amendments and Simplification Simplified Post-Sale Discounts: Requirements for linking post-sale discounts with specific…
Statutory & Litigation Reforms New Income Tax Act, 2025: Replaces the 1961 Act effective April 1, 2026, with simplified language and forms. Unified Assessment & Penalty Orders: Integrates assessment and penalty proceedings into a common order to reduce multiplicity. Decriminalization of Procedural Omissions: Non-production of books and certain TDS payment delays are now decriminalized. MACT…
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