Articles by CA Aman Rajput

Supreme Court Upholds Order Directing GST Official to Pay Compensation to Taxpayer

CA Aman Rajput 08 December 2023 at 09:17

In a landmark judgment, the Supreme Court has upheld an order of the High Court directing a GST official to pay compensation to a taxpayer for issuing an invalid penalty order. The Court also increased the compensation amount from Rs. 10,000 to Rs. 69,000.

Some debatable thoughts while analysing GST Act

CA Aman Rajput 07 December 2023 at 09:07

The Goods and Services Tax (GST) Act, introduced in India in 2017, has revolutionized the country's taxation system. However, certain aspects of the Act continue to spark debate, including the interpretation of the term "goods" and its implications for cash seizure under Section 67.

Mukesh Ambani v/s SEBI - An interesting case law related to Manipulative Trading

CA Aman Rajput 06 December 2023 at 09:11

Securities Appellate Tribunal Quashes SEBI's Order Imposing Penalty on Mukesh Ambani and Two Others in Case Related to Manipulative Trading

Relationship between Limitation Act and Income Tax Act

CA Aman Rajput 05 December 2023 at 09:06

While reading some concepts of the Limitation Act in my LLB syllabus a thought came to my mind that can we Combine the Limitation Act and the Income Tax Act?

Instances of Misconduct and Gross Negligence by Chartered Accountants

CA Aman Rajput 04 December 2023 at 14:26

In a recent report, ICAI Research Committee Highlights Instances of Misconduct and Gross Negligence by Chartered Accountants. I am writing it to make fellow members and students aware of the same.

Delhi HC's Order Implicates Proper Reason for Cancellation of GST Registration

CA Aman Rajput 04 December 2023 at 08:57

In a recent order, the Delhi High Court (HC) has set aside an order cancelling a taxpayer's GST registration, stating that the order lacked proper reasons for cancellation.

Implications of implementing Two-Factor Authentication in GST

CA Aman Rajput 02 December 2023 at 08:59

The 2FA, requiring a one-time password (OTP) for login security, aims to enhance GST portal security and will be implemented nationwide in the second phase from December 1, 2023.

Supporting Small Businesses - MSME Schemes, CGTMBS Funds and NIF Funds

CA Aman Rajput 01 December 2023 at 08:54

The Micro, Small and Medium Enterprises (MSME) sector plays a pivotal role in India's economic growth, accounting for a significant portion of the country's GDP and employment.

Compulsory Registration in GST irrespective of Threshold Limit

CA Aman Rajput 30 November 2023 at 08:51

The Goods and Services Tax (GST) Act, 2017, mandates that certain categories of taxpayers must obtain GST registration irrespective of their turnover or threshold limit of 40 lac or 20 lac for goods and services respectively.

Some interesting points about Income Tax Reassessment and Amendments

CA Aman Rajput 29 November 2023 at 09:09

In the dynamic realm of income taxation, the process of reassessment has witnessed significant legal amendments aimed at striking a balance between taxpayer rights and revenue interests. Recent changes, particularly those introduced by the Finance Acts of 2021 and 2022