IMS is Not Mandatory – Or Is It?

Table of Contents Reassessing the Legal Fiction and Operational Compulsion of the Invoice Management System under GST. While IMS remains voluntary de jure, its de facto implementation leaves taxpayers, especially MSMEs, with no real choice. The Invoice Management System (IMS) was initially unveiled as a voluntary tool aimed at simplifying GST compliance by offering real-time […]
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Tax Compliance or Tax Terrorism? The Unjust Burden of Circular 212/6/2024

Table of Contents Introduction Good intention and poor implementation has been the story of GST, take for example Circular No. 212/6/2024-GST, dated June 26, 2024, which has sparked widespread concern among businesses due to its stringent compliance requirements, particularly regarding credit notes and Input Tax Credit (ITC) reversals. The circular mandates suppliers to obtain Chartered […]
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Limited retrospective ruling or limited prospective Overruling

Table of Contents Mineral Area Development Authority v. Steel Authority of India [2024] 165 taxmann.com 477 (SC) Investors/ businesses do not like an unpredictable tax regime, recent judgement of Hon’ble SC in the case of Minerals Authority of India V. Steel Authority of India has revived concerns reminiscent of the famous (rather infamous) case of […]
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future of tax litigation

The Future of Tax Litigation: AI’s Role in Research and Risk

Table of Contents The arrival of Artificial Intelligence (AI) has been nothing short of revolutionary, transforming industries, both streamlining and disrupting the workflows, and challenging traditional methods of problem-solving. For tax professionals and litigators, AI presents both an opportunity and a dilemma. On one hand it promises unprecedented efficiency allowing professionals to navigate complex legal […]
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