ABSTRACT In the Union Budget 2026-27, the Finance Bill 2026 proposes a series of amendments to the Central Goods and Services Tax Act of 2017 and the Integrated Goods and Services Tax Act of 2017. These proposed changes seek to address practical issues that have emerged during GST implementation process
An in-depth analysis of Union Budget 2026–27 examining its growth strategy, sectoral priorities, fiscal discipline, and the limited relief offered to middle class taxpayers.
Introduction The Ministry of Consumer Affairs, Food & Public Distribution, Government of India, has issued a revised circular dated 18.09.2025, superseding its earlier MRP Revision circular dated 09.09.2025. These changes directly impact manufacturers, packers, importers, and retailers dealing with pre-packaged commodities in the wake of GST rate revisions. The revisions simplify compliance
The GST law is highly technical and intricate, especially concerning tax determination, penalties, and adjudication proceedings. Section 75 of CGST Act provides general provisions that apply to both cases of tax shortfall with and without fraud, while Sections 73 and 74 deal with cases of tax shortfall with and without
When the tax officer knocks, the law treats that knock differently depending on why they’re knocking. Two provisions i.e., Section 73 and Section 74 of CGST Act, may look similar on the surface: both deal with recovering tax that was not paid or was wrongly taken as ITC, or refunds given in error. But they operate
The most pertinent questions in the minds of business persons right now are regarding the MRP Revision After GST Rate Cut. Explore how GST 2.0 impacts Maximum Retail Price (MRP) revisions in India. Learn about DoCA guidelines, Legal Metrology compliance, consumer rights, pharma and e-commerce pricing rules, and how businesses
INTRODUCTION In a landmark move aimed at streamlining India’s indirect taxation system and boosting consumption, the GST Council has approved GST 2.0, a major overhaul of the Goods and Services Tax (GST) structure. Effective from September 22, 2025, the revamped regime introduces a simplified tax system, significantly lowering tax rates
J. P. Associates, a leading law firm in Intellectual Property Rights (IPR) and Indirect Taxation, has opened a new office in New Delhi. Now offering expert legal services in trademarks, patents, copyrights, designs, GST, and startup compliance to businesses, innovators, and entrepreneurs across Delhi-NCR.
Introduction The Indian Union Budget, also known as the Annual Financial Report (Article 112 of the Indian Constitution), is the country’s yearly budget. In India, people look forward to Budget Day with great excitement, as corporations and the public alike are eager to learn about the policies and programs that
As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. By clicking on the “I Agree” below, the user acknowledges the following:
The information provided on this website is solely available at user’s own request for informational purposes only and it should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.