The landscape of tax audits in India has undergone a seismic shift since the implementation of the Goods and Services Tax (GST) regime. Gone are the days when complaints from disgruntled competitors, anonymous tip-offs, or random selection primarily triggered tax audits. Today, we’re witnessing the rise of a new paradigm-one where data analytics, artificial intelligence, […]
There is an assumption so deeply embedded in GST compliance practice that most professionals never examine it critically. It operates as background logic -shaping audit selection decisions, influencing how compliance resources are allocated, determining which businesses invest in professional advisory support and which ones do not. The assumption is this: the higher the turnover, the […]
In today’s compliance-driven environment, speed is often equated with efficiency. Businesses pride themselves on quick responses, instant email replies, and rapid turnaround. But when it comes to GST notices, replying too fast can sometimes cause more harm than good. Receiving a GST notice-whether it is an audit query, discrepancy memo, summons, or show cause notice […]
Few GST enforcement scenarios are as legally contentious, emotionally frustrating, and economically devastating as Input Tax Credit (ITC) denial based on supplier default-where tax authorities deny credit to legitimate buyers solely because their suppliers failed to pay taxes, didn’t file returns, are classified as suspicious, or are later discovered to be non-existent or fake. The […]
The Goods and Services Tax (GST) regime in India has transformed the indirect taxation landscape since its implementation in July 2017. With millions of registered taxpayers filing returns regularly, the GST department faces a monumental challenge: how to effectively scrutinise returns and identify potential tax evasion or errors from such a massive pool of data. […]
Motor accident compensation is awarded to victims who have suffered injuries, disabilities, or loss of life due to road accidents. These compensations are typically determined by Motor Accident Claims Tribunals (MACT) established under the Motor Vehicles Act. The compensation aims to provide financial support for medical expenses, loss of income, pain and suffering, and rehabilitation […]
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