The Journal
Insights, interpreted with precision.
Analysis, updates and working notes from Sagar S Gupta & Co. — written to make the complex clear, across GST, income tax, ESIC, start-ups and more.
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GST on Diwali Gifts: ₹50,000 Employee Limit, ITC Rules and Dealer Incentives (2026 Guide)
Diwali is the season when companies thank their staff, clients and channel partners with sweets, dry fruit boxes, vouchers, gold…
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ITAT Surat: Cheque Discounting Turnover of ₹98.22 Crore Cannot Be Taxed Entirely as Unexplained Investment
Large credits in bank accounts, especially where no return has been filed and no source is explained, often lead to…
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Kerala High Court: GST Input Tax Credit Cannot Be Denied Only Because It Is Missing from GSTR-2A
Many GST assessments deny input tax credit (ITC) for one reason only: the supplier’s invoice does not show up in…
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RBI Relaxes FEMA Rules for Services: Deemed EDF and ₹10 Lakh IDPMS Threshold
On 2 November 2026, the Reserve Bank of India notified the Foreign Exchange Management (Export and Import of Goods and…
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I-DAPT Hub Foundation, IIT (BHU) Varanasi: Fellowships, Incubation and Grant Eligibility Explained
Searches for “IIT BHU post doctoral fellowship 2026”, “Chanakya Fellowship IIT BHU” and “IDAPT grant eligibility” often lead to the…
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Income Tax Slabs for FY / AY 2027-28: New and Old Regime Rates, Rebate, Surcharge and Planning Notes
Every year, taxpayers look for the slab rates that will apply to the coming income year. For FY 2027-28 and…
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GST Audit and Annual Return Filings: Common Mistakes Businesses Make
Navigating the Goods and Services Tax (GST) landscape in India has evolved from an initial period of sweeping structural adjustments…
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GST on Packaged Drinking Water: Current Rates and the Inverted Duty Structure Problem
Packaged drinking water is a high-volume, thin-margin business, and for many bottlers the GST on packaged drinking water rate cut…
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CBDT Prescribes Merger Conditions for Registered Non-Profit Organisations: Rule 189A and Form 112A Explained
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Eighth Amendment) Rules, 2026 through Notification No. 139/2026, G.S.R.…
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GST TDS on Scrap, E-Waste and Used Cooking Oil from 1 November 2026: What Buyers Must Do
Registered businesses that buy scrap, e-waste or used cooking oil from other registered businesses will have a new tax deduction…
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