Income tax reassessment can expose taxpayers to additional tax demands, interest, penalties and prolonged litigation. However, the applicable law depends on the tax period and the transitional provisions. The Income-tax Act, 2025 introduced a new reassessment framework from 1 April 2026. Under this framework, Sections 279–286 govern reassessment and related procedures. Section 280 addresses the
GST Input Tax Credit Under GST: Credit Reversals, Blocked Credits, and Legal Remedies: GST input tax credit disputes can affect cash flow, tax compliance, and business continuity. Businesses may face demands involving invoice mismatches, blocked credits, supplier defaults, incorrect reversals, or alleged ineligible claims. However, every disagreement requires analysis under the applicable provisions of the
GST Input Tax Credit Disputes: Reversal, Blocked Credits and Litigation Remedies Read More »
A GST show cause notice can expose a business to disputed tax demands, interest, penalties, and recovery proceedings. However, receiving a notice does not automatically establish a taxpayer’s liability. The correct response depends on the statutory provision, relevant tax period, allegations, supporting evidence, and procedural stage. Businesses must distinguish scrutiny communications, audit observations, investigation documents,
GST Show Cause Notice in India: Scrutiny, Demand, Adjudication and Appeal Read More »
