Latest Articles
Analysis of Standardised Annexure-B Offline Utility & System-Based Adjudication
Goods and Services Tax : GST Refund Annexure-B Utility: Key Challenges, GSTR-2B Validation Rules, and Legal Safeguards Explained for Exporters and Tax Prof...
Smarter, Safer, Sharper: Harnessing Artificial Intelligence in Modern GST Practice
Goods and Services Tax : Explore how AI is reshaping GST practice in 2026 through automation, GenAI, RAG tools and compliance workflows, while managing con...
Falling Rupee: Causes, Impact and What It Means for India
Fema / RBI : The article explains the major reasons behind the weakening rupee, including rising dollar demand, foreign investment outflows, an...
Income Tax Return – Who should verify?
Income Tax : Section 265 of the Income Tax Act, 2025 specifies who can legally verify an income tax return for different assessees. Incorrect v...
DGFT Grants Automatic EPCG Export Obligation Extension up to 31st August 2026
DGFT : DGFT has automatically extended the Export Obligation period up to 31 August 2026 for eligible EPCG and Advance Authorisation hold...
Latest News
CA Certificate Format for Non-Requirement of GST Registration for Securities Trading
Goods and Services Tax : The certificate clarifies that dealing and investment in securities are outside the scope of GST. Companies engaged solely in secu...
SEBI Proposes New IPO & Re-listed Scrip Price Discovery Rules to Prevent Artificial Price Suppression
SEBI : SEBI has proposed major reforms to the Pre-open Call Auction mechanism after concerns over artificially suppressed prices in IPO a...
PFRDA Proposes Faster NPS Grievance Resolution Timelines for Better Subscriber Protection
Corporate Law : PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountab...
ICSI June 2026 Exam Admit Cards Released
CA, CS, CMA : Along with releasing the E-Admit Cards, ICSI advised students to thoroughly review examination instructions and verify all persona...
Household Savings through Indian Securities Market: SEBI Study
SEBI : SEBI revised the methodology for computing household savings through the securities market by incorporating actual granular data a...
Latest Judiciary
NCLT Orders Dissolution as All Assets Were Liquidated & Distributed Under Section 53
Corporate Law : NCLT Indore held that dissolution under Section 54 of the IBC was justified after all assets of the corporate debtor were liquidat...
GST Appeal Delay Condoned as Taxpayer Relied on Consultant & Was Unaware of Cancellation
Goods and Services Tax : The Rajasthan High Court held that refusal to hear the appeal on merits would cause grave prejudice where cancellation of GST regi...
GST Order Set Aside as Summary SCN Cannot Replace Statutory Notice: Gauhati HC
Goods and Services Tax : The Gauhati High Court held that a Summary Show Cause Notice in Form GST DRC-01 cannot substitute the mandatory notice under Secti...
ITAT Rejects Bogus Purchase Allegation as AO Failed to Prove Discrepancies in Books
Income Tax : Tribunal observed that the Assessing Officer failed to establish any mismatch in stock, sales, or accounting records before making...
NCLT Admits CIRP as OTS Proposal Remained Unimplemented Despite Repeated Extensions
Corporate Law : NCLT Mumbai held that ongoing One-Time Settlement discussions cannot defeat insolvency proceedings when debt and default are admit...
Latest Notifications
DGFT Begins Review & Reallocation of Pharma Grade Sugar Export Quota for 2026-27
DGFT : DGFT announced that unutilized Pharma Grade Sugar export quota may be transferred to a common pool if exporters have utilized less...
Government Revises Dearness Relief Rates for 5th CPC CPF Pensioners
Corporate Law : The Office Memorandum increases Dearness Relief rates for CPF beneficiaries and eligible family members under the 5th Central Pay ...
Govt Allows Aadhaar Authentication for NBFCs Due to PMLA Compliance Needs
Corporate Law : The Finance Ministry has permitted seven reporting entities to conduct Aadhaar authentication under Section 11A of the PMLA. The n...
IFSCA Clarifies fee structure applicable to existing Ancillary Service Providers & TechFin entity
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
GSTN Advisory on Enhancements in e-Way Bill (EWB) Portal
Goods and Services Tax : GSTN has announced mandatory capture of Ship-To GSTIN in Bill-To/Ship-To transactions under the EWB system. The change aims to imp...
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FAQs
Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a company not having share capital. Instrument must be executed by or on behalf of both transferor and transferee and delivered to company
ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory timelines. The FAQs explain how taxpayers can rectify such reporting errors through future GSTR-3B adjustments.
The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified which audit forms will count toward the limit and how assignments across firms, branches, and revised reports will be treated.
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.
