Seven years into GST’s rollout, a surge in litigation highlights unresolved legal gaps and complex compliance burdens. Most disputes involve denial of Input Tax Credit (ITC), retrospective demands, and taxability interpretations. With GST Tribunals non-functional, cases are landing in High Courts and the Supreme Court. BulletsIn Major rise in GST litigation due to unclear law,
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Seven years into GST’s rollout, a surge in litigation highlights unresolved legal gaps and complex compliance burdens. Most disputes involve denial of Input Tax Credit (ITC), retrospective demands, and taxability interpretations. With GST Tribunals non-functional, cases are landing in High Courts and the Supreme Court. BulletsIn Major rise in GST litigation due to unclear law,
Finance Minister Nirmala Sitharaman revealed the new income tax bill during her budget speech, which will be presented in Parliament on February 7, 2025. The bill aims to simplify the tax system, improve compliance, and reduce legal disputes for taxpayers. BulletsIn The new income tax bill will be introduced in Parliament on February 7, 2025.
Finance Minister Nirmala Sitharaman revealed the new income tax bill during her budget speech, which will be presented in Parliament on February 7, 2025. The bill aims to simplify the tax system, improve compliance, and reduce legal disputes for taxpayers. BulletsIn The new income tax bill will be introduced in Parliament on February 7, 2025.
