Latest Articles
Section 132 GST: When Tax Disputes Become Criminal Cases
Goods and Services Tax : Section 132 of the CGST Act allows prosecution, arrest and imprisonment in cases involving fake invoices, bogus ITC and tax fraud....
GST Registration Cannot Be Cancelled for Closed Premises Alone
Goods and Services Tax : High Courts have ruled that temporary closure of business premises during a GST survey is not by itself a valid ground for cancell...
Allahabad HC Quashes Minor Student Abetment to Suicide Case Against Teacher
Corporate Law : The Allahabad High Court held that a three-month gap between the alleged harassment and the student’s suicide broke the necessar...
Updated Annexure B for GST Refund of Unutilised ITC: Transition to JSON Filing, Key Changes & Challenges
Goods and Services Tax : The updated Annexure-B utility now requires detailed invoice-wise reporting and system-based reconciliation with GSTR-2B and GSTR-...
Reassessment 2.0: New Tax Notice Playbook Every Tax Professional Must Decode
Income Tax : The Income Tax Act, 2025 replaces old reassessment provisions with Sections 279 to 286 and increases reopening timelines in certai...
Latest News
IRDAI Reviews Insurance Sector Growth, Approves Drafting of New Regulations Under SBSR Act, 2025
Corporate Law : IRDAI approved in-principle drafting and publication of new and amended regulations following the Sabka Bima, Sabki Raksha (Amendm...
ICSI First BI-Annual Northern Region Convocation of FY 2026-2027
CA, CS, CMA : ICSI has scheduled its first bi-annual Northern Region Convocation for FY 2026-27 to award membership certificates, medals, and PM...
Sales Tax Bar Association Seeks Recognition of Multi-Disciplinary Partnerships for Advocates
Corporate Law : The Sales Tax Bar Association has urged the Bar Council of India and the Law Ministry to permit Advocates to collaborate with non-...
CA Association Urged CBDT to Release AY 2026-27 ITR Utilities immediately
CA, CS, CMA : Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for...
SEBI Proposes Major Simplification of Exchange Traded Derivatives Framework
SEBI : SEBI has proposed sweeping amendments to exchange traded derivatives regulations to simplify compliance norms and remove outdated ...
Latest Judiciary
ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries
Income Tax : ITAT Ahmedabad held that reassessment under Section 147 was invalid as the Assessing Officer failed to show independent applicatio...
EPFO Authorities Can Maintain Writ Petitions Against Tribunal Orders Under Article 226: Madras HC
Corporate Law : Madras High Court held that the Central Board of Trustees under the EPF Act can challenge Tribunal orders under Article 226 since ...
CESTAT Sets Aside IGST Demand as Extended Limitation Was Wrongly Invoked
Custom Duty : CESTAT Bangalore held that extended limitation under section 28(4) of the Customs Act could not be invoked as there was no suppres...
SC Issues Notice in GST Dispute Over Road Restoration Charges Paid to Municipality
Goods and Services Tax : The Supreme Court issued notice in a case concerning whether reimbursement paid to a municipal corporation for road restoration af...
VAT & CST Benefits Cannot Be Denied Without Withdrawal Notification: Chhattisgarh HC
Goods and Services Tax : The High Court held that investment-linked tax incentives under the 2012 industrial policy could continue unless specifically with...
Latest Notifications
SEBI Allows InvIT Borrowings Above 49% for Capital Expansion & Debt Refinancing
SEBI : SEBI has clarified that InvITs with borrowings exceeding 49% of asset value can use fresh debt for capital expenditure, road maint...
PFRDA Introduces Flexible NPS Retirement Income Drawdown Scheme
Corporate Law : PFRDA has launched Retirement Income Schemes and drawdown options under NPS to allow flexible post-retirement payouts up to age 85...
SEBI Clarifies SPV Status After Concession Agreement Ends
SEBI : SEBI has clarified that SPVs under InvITs can continue retaining SPV status even after termination or completion of concession agr...
GSTAT Constitutes Benches and Categorises GST Appeals
Goods and Services Tax : The GST Appellate Tribunal issued a detailed order constituting benches across India and classifying GST disputes into three categ...
GSTAT Extends Relaxed Appeal Filing Norms Till 31st December 2026
Goods and Services Tax : The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy document...
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FAQs
FAQs on SEBI – IVCA Annual Activity Report (AAR) is Prepared with reference to SEBI (Alternative Investment Funds) Regulations, 2012 and SEBI Master Circular for AIFs dated May 07, 2024. Annual Activity Report (“AAR”) introduced by SEBI in consultation with IVCA is a significant step towards standardized and granular reporting by Alternative Investment Funds (“AIFs”). The […]
The article explains that architectural, accommodation, and related immovable property services are governed by Section 12(3) of the IGST Act. It clarifies that the place of supply is linked to the property location rather than the recipient’s location.
The update addresses regulatory relief for NBFCs without public funds or customer interface. It allows eligible entities to operate without registration while ensuring continued oversight and compliance safeguards.
The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.
The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.
