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Section 16(2)(c) After Bhandari Scrap Traders: Can a Genuine Purchaser Still Lose Input Tax Credit?

July 28, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

Introduction Input Tax Credit (ITC) is the foundation of the Goods and Services Tax (GST) framework. It ensures that tax is levied only on value addition by allowing businesses to claim cr...

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Penalty is not a sequel to every assessment; it is the consequence of a specific statutory default established in accordance with law.

July 25, 2026 Income Tax Ca Bhanu Prudhviraj

Articles

Introduction A search under section 132 is often followed by an equally routine exercise—the issuance of penalty notices. In many cases, the penalty notice appears almost as a natural extens...

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Relevance of Affiliation in Higher Education and the GST Conundrum: Andhra Pradesh High Court’s Landmark Relief to Universities and Students

May 16, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

Education has never been treated in India as a mere commercial enterprise. Universities are not marketplaces, students are not consumers in the traditional economic sense, and academic regulation c...

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AP HC upholds GST treatment of chit fund interest, aligning with Kerala HC view

April 06, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

Empowering Financial Inclusion: AP High Court’s Landmark Verdict on Chit Fund Interest Under GST, in Harmony with Kerala’s Progressive Stance Chit funds have long served as community-...

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AP HC Quashes Reassessment Notices Issued Outside Faceless Scheme – JAOs Lack Jurisdiction Under Section 151A

April 06, 2026 Income Tax Ca Bhanu Prudhviraj

Articles

Case Law Details Case Name : Kishan Kumar Thotakura Vs ACIT (Andhra Pradesh High Court) Related Assessment Year : Courts : All High Courts Andhra Pradesh HC Become a Premium ...

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GST Limitation: COVID Extensions Don’t Shield Tax Authorities

April 06, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

Breaking the Brahmasutra Illusion: Why COVID Limitation Extensions Don’t Shield GST Authorities The principle of limitation under the Goods and Services Tax (GST) framework stands as a corn...

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Monetization of Car Parking Spaces in Residential Projects Under AP RERA, SC Law

April 06, 2026 Corporate Law Ca Bhanu Prudhviraj

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Monetization of Car Parking Spaces in Residential Projects: Legal Boundaries under AP RERA and Supreme Court Jurisprudence The development of residential apartment complexes encompasses various l...

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GST Rate Rationalization & ITC Management Post-56th GST Council Meeting

April 06, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

The 56th GST Council Meeting has introduced sweeping reforms effective from 22 September 2025, reducing GST rates on more than 175 items and shifting most goods into the 5% and 18% slabs. Many esse...

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GST on Post-Sale Discounts: CBIC Clarifies Rules

April 06, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

Unlocking GST Certainty on Post-Sale Discounts: Comprehensive Clarifications in CBIC Circular 251/08/2025 Introduction CBIC Circular No. 251/08/2025-GST, dated 12 September 2025, offers authorit...

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GST on Mining Royalty: Constitutional Competence and Road Ahead

April 06, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

Articles

Introduction The levy of Goods and Services Tax (GST) on royalty payments by mining lease holders has emerged as one of the most significant constitutional tax disputes in recent years. At its co...

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