This roundup captures key tax, GST, customs, and financial sector updates released during the week. The key takeaway is improved clarity on exemptions, compliance, and regulatory boundaries.
This explains how courts can order the release of money seized or frozen during cyber-fraud investigations. The key takeaway is that victims may obtain interim relief, but only subject to legal safeguards, sureties, and judicial discretion.
Explains why car insurance is mandatory in India, the penalties for non-compliance, ad how uninsured driving can expose owners to heavy financial liability
Explains how routine corporate operations and mismanagement can cross into criminal fraud, highlighting the role of intent in triggering serious legal consequences.
This article clarifies when e-invoicing is mandatory for export supplies under GST. It explains that only taxable exports require e-invoices, regardless of whether an LUT is filed. The key takeaway is that LUT affects tax payment, not e-invoice applicability.
In recent interactions with taxpayers across sectors, a recurring concern is the intensity of GST compliance oversight. Most of the time, notices arrive often without prior interaction, deadlines feel tighter, and even small compliance gaps can trigger scrutiny from the GST department.
The Goods and Services Tax was introduced with the promise of simplification, uniformity, and certainty. However, for several years after its implementation, GST functioned with a deficiency—the absence of the Goods and Services Tax Appellate Tribunal (GSTAT). A tax system no matter how well designed cannot operate effectively without a credible and accessible dispute resolution mechanism.
The evolution of India’s financial architecture is increasingly defined by the tension between rapid digitisation and the persistent exclusion of a significant portion of the population from formal credit channels.
As we reflect on the supreme law of our land, it is vital to look beyond the celebrations and understand the intricate process of how this monumental document came into effect, the turbulent backdrop against which it was framed, and why it stands distinct in the pantheon of global constitutions.
Introduction of RSP-Based Valuation for Notified Tobacco Products (Effective from 01.02.2026) Introduction – General Principle of GST Valuation Under the GST Act, tax is levied on the transaction value, i.e., the Consideration[1] agreed between the supplier and the recipient for the supply of goods or service Accordingly, GST is computed on the actual price charged […]
