he Government has authorized the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT), New Delhi, to function as the National Appellate Authority for matters relating to conflicting Advance Rulings under GST law. This move is expected to bring greater uniformity, consistency, and legal certainty in the interpretation of GST provisions across different States and Union Territories.

Buyback taxation has completely changed in 2026. Retail investors may still pay 12.5% LTCG but promoter shareholders now face special additional tax under section 69(2)(b) of new Act. Team Prime Accountants breaks it down for you.

Let's assume that there's a business family, where the initial two or three generations took significant amount of time to build something valuable, could be a flourishing business, a property portfolio or a corpus of investments. They have a Will, perhaps even a relatively recent one, that is also blessed by their chartered accountant or lawyer. Their banker also does not have any concerns and things seem to be in control. Then something unexpected happens, could be a death

Every year, thousands of Indian families discover the hard way that the single most document that they trusted most for their succession planning, i.e. their carefully drafted Will, was indeed not enough at the time of need. This hard fact emerges when post humous, the properties are frozen for years, bank accounts become inaccessible, the children fight in courts and businesses collapse in the absence of decisive leadership. And through all of it, the wealth that took a life

The New Income-tax Rules, 2026 introduce a significantly modernised Safe Harbour framework under Indian Transfer Pricing, through introduction of range of Rules - from Rule 86 to Rule 102, replacing the earlier Rules. This article provides a detailed analysis of the new legislative structure, eligibility criteria, prescribed margins and admin procedure, thereby enabling practitioners, corporates and multinationals to have access to detailed analysis of the applicability and i

GSTN issues Advisory on Difficulties Faced in Filing Appeals Where Adjudication Order Reflects “NIL” Demand, Despite Ongoing Tax Dispute, Due to Prior Voluntary Payment of Taxes.

The Central Board of Direct Taxes (CBDT) has issued Circular No. 4/2026 dated March 31, 2026, introducing updated, mandatory guidelines for the use of a Document Identification Number (DIN) in all communications issued by income‑tax authorities across India. This move replaces the earlier DIN regime introduced in 2019 and strengthens the authenticity and traceability of official tax notices and orders.

Central Board of Direct Taxes (CBDT) issues an official FAQ compendium to help taxpayers, professionals and tax officers navigate the shift from the Income-tax Act, 1961 to the newly enacted Income-tax Act, 2025. The new Act takes effect on April 01, 2026, replacing a law that had been in place for over six decades.

This writ petition before the Karnataka High Court arose out of a significant interpretational dispute under the GST regime concerning the distribution of Input Tax Credit (ITC) relating to common input services across multiple registrations of a single legal entity.

India's Goods and Services Tax (GST) regime, administered by the Central Board of Indirect Taxes and Customs (CBIC), is not merely a system for collecting tax—it is a framework designed to ensure fairness for all participants in the economy. A critical pillar of this framework is the enforcement machinery: the powers of inspection, search, seizure and arrest.

The Bombay High Court has delivered a landmark ruling that every GST-registered business should know about. In Aberdare Technologies Pvt. Ltd. v. CBIC, the Court held that a bona fide clerical error in GSTR-1 or GSTR-3B cannot be used against a taxpayer when no revenue loss is caused to the Government. Cutting through procedural rigidity, the Court directed authorities to either open the portal for rectification or accept manual corrections. On contested ahead, the Hon’ble Su

How to file reply to a Show Cause Notice under GST ? For CAs and tax professionals advising clients on GST disputes, here's a technical walkthrough on the framework for replying the SCN under GST law, based on our years of experience in GST litigation and the updated post Finance Act 2025 GST litigation landscspe. This analysis includes the newly introduced Section 74A. In GST adjudication, the Show Cause Notice is not a bureaucratic formality — it is the formal commencement

Ministry of Finance has issued Office Order No. 03/2025, marking a significant step in operationalizing the GST Appellate Tribunal (GSTAT) by detailing the allocation of benches and appointed members across India. This article breaks down the structure, jurisdictional distribution and functional implications of the order, helping taxpayers and professionals understand how GST disputes will be handled going forward. Team Prime Accountants breaks it down for you.

The government has introduced a one-time extension window for filing GST appeals, offering taxpayers a final opportunity to resolve pending disputes before the GST Appellate Tribunal (GSTAT) becomes fully operational across India. This move is expected to ease the transition into a structured appellate system while reducing litigation backlog and ensuring smoother dispute resolution under GST. Team Prime Accountants breaks it down for you.

Goods and Services Tax Network (GSTN) has issued a formal advisory addressing the pre-deposit payment requirement while filing an appeal before the First Appellate Authority, clarifying how payments made through Form GST DRC-03 can and must be linked to the relevant demand order before the portal will recognise them. This is a practically significant clarification that every taxpayer, CA and GST litigator needs to understand.

The Allahabad High Court, in M/S Raghuvansh Agro Farms Ltd. v. State of U.P. & Others, delivered a landmark judgment under Article 226 of the Constitution of India, quashing assessment and appellate orders issued against the petitioner under Section 74 of the UPGST/CGST Act, 2017. The Court categorically held that proceedings under Section 74 are reserved for cases involving fraud, wilful misstatement or suppression of facts with intent to evade tax only.

In India’s export ecosystem, 'Merchant Exporters' play a powerful yet often misunderstood role. With the right GST structure, they can export goods with extremely low tax cost, making Indian products more competitive globally. Many exporters, traders, and even professionals still confuse how merchant exports actually work under GST. Let’s break it down clearly in this article.

Navigating the world of taxation can be daunting, especially for startups and small to medium enterprises (SMEs). One of the most significant tax reforms in recent years is the Goods and Services Tax (GST). Understanding GST is crucial for any business owner, as it impacts pricing, cash flow, and compliance. This guide aims to demystify GST, providing practical insights tailored for startups and SMEs. A calculator and financial documents illustrating GST calculations. What is

Navigating the world of taxes can be daunting for small business owners. With ever-changing regulations and the potential for costly mistakes, understanding tax compliance is crucial for your business's success. This guide will provide you with essential tips to ensure you stay compliant and avoid penalties. Understand Your Tax Obligations Every small business has unique tax obligations based on its structure, location, and revenue. Here are the primary types of taxes you may

Understanding income tax regulations is crucial for enterprises of all sizes. With the ever-evolving landscape of tax laws, businesses must stay informed to ensure compliance and optimize their tax strategies. This blog post will guide you through the essential aspects of income tax regulations, providing practical insights and examples to help you navigate this complex terrain. The Importance of Understanding Income Tax Regulations Income tax regulations can significantly im