Supreme Court — Authority for Clarification & Advance Rulings, Gandhinagar, Karnataka & Anr. v. M/s Skyline Construction & Housing Pvt. Ltd.Date: November 7, 2025 | Author: Ashwarya Sharma Synopsis:The Supreme Court held that amounts paid to sub-contractors must be excluded from the principal contractor’s taxable turnover under the KVAT Act…

Introduction Corporate governance in India stands at the crossroads of autonomy and accountability. While the Companies Act, 2013 grants corporations the freedom to self-regulate, it also vests the Central Government with powers to intervene where public interest or fiduciary responsibility is at stake.Recent developments within the Tata Group have reignited…

Summary In a landmark judgment, the Supreme Court has reversed its earlier decision directing the liquidation of Bhushan Power & Steel Ltd. (BPSL) and restored the resolution plan submitted by JSW Steel. The review decision in Kalyani Transco v. Bhushan Power and Steel Ltd. & Ors. (2025-TIOLCORP-20-SC-IBC-LB) underscores a judicial…

Background The Supreme Court revisited the principles governing works contract taxation—particularly when property in goods is deemed to be transferred in the course of such contracts.The case involved printing of lottery tickets where the appellant used its own ink and chemicals on paper supplied by the customer. The key question:…

Background Introduced in 2017 to compensate States for GST revenue loss, the Compensation Cess expires on 22 September 2025. While the levy ends, huge unutilised input tax credit (ITC) balances remain in taxpayers’ ledgers, raising the crucial question—will these credits lapse, be refunded, or migrate into the regular GST chain? Constitutional…

Background Key Legal Issue Petitioners’ Arguments State’s Arguments Supreme Court’s Findings Conclusion of the Court Landmark Judgments Referenced Key Takeaways This judgment strengthens constitutional discipline in fiscal policy and serves as a caution to States while framing tax incentives. To explore the complete analysis, read the full article here: https://vilgst.com/showiframe?V1Zaa1VsQlJQVDA9=TVRjMU5nPT0=&page=articles…

Key Principles from the Supreme Court’s GST Jurisprudence Satyam Shivam Papers (2022) – Expiry of E-Way Bill Mohit Minerals (2022) – IGST on Ocean Freight (CIF Contracts) Skill Lotto Solutions (2020) – GST on Lotteries Radha Krishan Industries (2021) – Provisional Attachment under Sec 83 Tribunal’s & Court’s Broader Findings…