Constitution of Committee of Creditor
Introduction: A creditors’ committee is a group of people who represent a company’s creditors in a bankruptcy proceeding. As such, a creditors’ committee has
GST Compliance by Foreign Entities in India: Legal Framework and Tax Evasion Prevention
Introduction The Goods and Services Tax (GST) regime in India has fundamentally transformed the indirect taxation landscape since its implementation in 2017. One of the most signif
Income Tax Informants Rewards Scheme 2018 and Evasion Petition Procedure
Introduction The Income Tax Informants Rewards Scheme 2018 represents a significant enhancement in India’s approach towards combating tax evasion through citizen participatio
INCOME FROM HOUSE PROPERTY
Introduction: Earnings from capital asset refers to any income earned from a house property, either in the form of rent or through its sale. The Income Tax Act treats any property,
TAX SYSTEM IN INDIA
The tax structure comprises the federal government, state governments, and municipal governments. In India, taxes are classified into two parts: direct and indirect taxes. Direct t
Cryptocurrency- brief overview of regulation.
Cryptocurrencies have gained a lot of traction in recent times in India which is home to one of the largest markets for cryptocurrencies in the world. According to a report, the co
The Evolution of Indian Taxation: From Ancient Foundations to Modern GST Regime
Introduction The Indian taxation system represents one of the world’s oldest and most evolved fiscal frameworks, tracing its origins from ancient scriptural texts to the mode
Tobacco Taxation in India: Balancing Public Health and Revenue Under GST and COTP
Introduction Tobacco taxation represents a critical intersection of public health policy and revenue generation in India’s fiscal landscape. The taxation of tobacco products
Compliance to be followed by Resolution Professional Under GST
Introduction According to Insolvency and Bankruptcy Code (IBC), 2016, once a business defaults certain threshold amount, Corporate Insolvency Resolution Process or CIRP gets trigge
CUSTOM DUTY AND GST
Customs duty is a form of indirect tax which is imposed at the time of both import and export of goods and services. The tax which is imposed on the import of goods and services ar