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GSTN Issues Advisories on Appeals, Pre-Deposit, GSTR-3B Interest & IMS Tool

Goods and Services Tax : Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that re...

April 27, 2026 603 Views 0 comment Print

Does Saving on Consolidation Cost You an RPT Approval?

Company Law : The analysis clarified that shareholder protection is ensured through ultimate parent consolidation. Hence, intermediate companies...

April 27, 2026 48 Views 0 comment Print

Punjab Governor Finally Gives Assent To Anti-Sacrilege Bill 2026

Corporate Law : The law was enacted to impose stricter penalties for sacrilege, including long-term imprisonment and heavy fines. It establishes b...

April 27, 2026 63 Views 0 comment Print

Analysis of Notifications and Circulars for Week Ending 26th April 2026

CA, CS, CMA : Major rulings and notifications clarified tax treatment, compliance timelines, and financial regulations. The updates emphasize ef...

April 27, 2026 1110 Views 0 comment Print

Off-the-Shelf Software Not ‘Royalty’: SC Ruling Still Shapes Cross-Border Deals

Income Tax : The ruling clarifies that payments for off-the-shelf software are not royalty. It eliminates TDS liability unless a permanent esta...

April 27, 2026 96 Views 0 comment Print


Latest News


Empanelment of CA Firms as Concurrent Auditors with SBI, Hyderabad

CA, CS, CMA : This explains the structured process for appointing audit firms, highlighting strict eligibility conditions and evaluation methods...

April 25, 2026 1473 Views 0 comment Print

IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC

Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...

April 25, 2026 141 Views 0 comment Print

SEBI Proposes New Variable Net Worth Rules Due to Upstreaming Impact on Client Funds

SEBI : The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised...

April 25, 2026 174 Views 0 comment Print

SEBI Proposes CUSPA Reforms Due to Operational Challenges in Handling Unpaid Securities

SEBI : The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It...

April 25, 2026 105 Views 0 comment Print

ICSI Invites Stakeholder Feedback to Revise Company Secretary Course Syllabus

Company Law : The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are i...

April 23, 2026 207 Views 0 comment Print


Latest Judiciary


ITAT Hyderabad: 100% Disallowance of Promotion Expenses Unjustified; 50% Adhoc Disallowance Sustained

Income Tax : The Tribunal held that complete disallowance was excessive despite lack of full documentation. It allowed 50% deduction considerin...

April 27, 2026 Views 0 comment Print

Seized Cash Explained from Past Records: ITAT Grants Major Relief, Sustains Only Unproved Portion

Income Tax : The Tribunal held that cash disclosed in earlier returns can explain seized cash. It restricted addition to the unexplained portio...

April 27, 2026 21 Views 0 comment Print

Reopening Invalid for Want of Proper Approval – ITAT Quashes U/s 148 Notice

Income Tax : The Tribunal invalidated reopening as the AO obtained approval from the wrong authority. It held that compliance with Section 151 ...

April 27, 2026 39 Views 0 comment Print

Bombay HC Quashes TP Assessment for Missing 30-Day DRP Deadline

Income Tax : The issue was failure to pass a final assessment order after DRP directions within the statutory timeline. The Court held the asse...

April 27, 2026 57 Views 0 comment Print

Car Seat Track Assembly Classifiable Under Heading 9401: CESTAT Quashes ₹16 Cr Demand

Custom Duty : The issue was whether seat adjustment components qualify as seat parts or auto parts. CESTAT held they are integral seat parts und...

April 27, 2026 45 Views 0 comment Print


Latest Notifications


Drawback Allowed as SEZ to DTA Supply Treated as Import Under Law: CBIC

Custom Duty : CBIC clarified that goods moving from SEZ to DTA are deemed imports. Hence, re-export of such goods qualifies for drawback under S...

April 27, 2026 48 Views 0 comment Print

Central Government Pensioners’ Dearness Relief Raised to 60% from 1st Jan, 2026

Corporate Law : The issue concerns revision of Dearness Relief rates for pensioners. The government increased DR from 58% to 60% effective January...

April 25, 2026 264 Views 0 comment Print

FDI Company Profits Rise Despite Slower Sales Growth Due to Lower Interest Costs: RBI

Fema / RBI : RBI data shows profit after tax increased despite moderation in sales growth. Lower interest expenses and higher non-operating inc...

April 25, 2026 102 Views 0 comment Print

RBI cancels Licence of Paytm Payments Bank Limited – Read Manamgment Disclosure

Fema / RBI : The case addresses cancellation of a banking licence for non-compliance with statutory conditions. The regulator held that continu...

April 25, 2026 366 Views 0 comment Print

RBI Issues Draft PPI Rules to Strengthen Digital Payment Security Framework

Fema / RBI : RBI released draft PPI Directions, 2026 to enhance security, governance, and operational clarity. The key takeaway is stricter com...

April 25, 2026 261 Views 0 comment Print


FAQs


Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.

The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.

This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.

Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.

The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.

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