New regulations effective April 24, 2025, eliminate all fees for transshipment applications of imported goods at all customs stations.
CCI investigates Google’s alleged anti-competitive agreements (TADA, ACC) with smart TV OEMs in India. Settlement reached, but concerns remain.
Madras High Court rules uploading GST notices to the common portal is sufficient but often ineffective service. Court urges tax officers to use alternate methods.
RBI introduces a cap of ₹2,00,000 on the maximum compounding amount for certain FEMA contraventions. Details for banks and constituents.
RBI extends the deadline for banks to implement BIS standards for note sorting machines to November 1, 2025, due to implementation challenges
DGFT Public Notice 03/2025-26 introduces SION A-3685 for Doxycycline 100mg Dispersible Tablets. Details import quantity allowed for export production.
Liability pertaining to personal guarantors under IBC, 2016 has evolved significantly with legal framework extending its reach to bring personal guarantors at a similar pedestal as the corporate debtors.
Andhra HC allows GST refund for zero-rated services despite service exclusion in registration; clarifies scope of CGST/IGST provisions.
ITAT Bangalore rules against disallowance under Section 143(1) citing invalidity of updated return filed under Section 139(8A) by co-op society.
Representation highlights long delays at NFAC affecting over 5 lakh appeals, urging CBDT to expedite resolutions and restore taxpayer confidence.
