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Archive: 14 January 2026

Posts in 14 January 2026

RBI (Non-Banking Financial Companies – Internal Ombudsman) Directions, 2026

January 14, 2026 900 Views 0 comment Print

The 2026 Directions require eligible NBFCs to appoint independent Internal Ombudsmen to review partially resolved or rejected complaints. The move ensures fairness, transparency, and stronger customer protection before complaints are closed.

RBI (Non-Bank Prepaid Payment Instruments Issuers – Internal  Ombudsman) Directions, 2026

January 14, 2026 420 Views 0 comment Print

The new framework requires eligible non-bank PPI issuers to appoint an independent Internal Ombudsman to review rejected or partially resolved complaints, ensuring fairness before closure.

RBI (Credit Information Companies – Internal Ombudsman) Directions, 2026

January 14, 2026 510 Views 0 comment Print

The 2026 Directions mandate independent Internal Ombudsmen in credit information firms to review rejected or partially resolved complaints before closure.

Excel Sheet Alone Cannot Justify Excess Stock Addition: ITAT Delhi

January 14, 2026 408 Views 0 comment Print

The Tribunal ruled that inventory figures from a management Excel sheet, without quantity details or physical verification, cannot form the basis of an addition. Properly recorded GST-compliant sales explained the variance.

GST Implications on Non-Refundable Tender Fees & SEZ-Related Services

January 14, 2026 1359 Views 1 comment Print

This explains why non-refundable tender fees qualify as taxable consideration under GST. It clarifies that access to a tender process is treated as a supply of services.

High-Value Cash Receipt Limit: Section 269ST Compliance & 100% Penalty

January 14, 2026 1647 Views 0 comment Print

This clarifies how cash receipts are tested on daily, transaction, and occasion-based thresholds. It explains why breaking payments into parts does not avoid penalty exposure.

Need to Import of Medical Devices into India: How to do?

January 14, 2026 1020 Views 0 comment Print

This explains the end-to-end regulatory framework governing medical device imports into India. It highlights why compliance with CDSCO, DGFT, BIS, Customs, and GST laws is essential for smooth clearance.

Primacy of Act: Analyzing Telangana HC’s Landmark Ruling on ISD Credit Distribution

January 14, 2026 4140 Views 1 comment Print

Telangana HC held Rule 39 “same month” ISD ITC distribution ultra vires Section 20 (pre-01.04.2025), protecting accumulated credit; timelines apply post-amendment.

Income Tax Exemption Granted to Welfare Board for Cess and Grants Income

January 14, 2026 363 Views 0 comment Print

The government has notified income-tax exemption for specified welfare-related receipts, subject to strict non-commercial and compliance conditions.

Bhogapuram Notified as Customs Handling Point in Andhra Pradesh

January 14, 2026 504 Views 0 comment Print

The government has officially notified Bhogapuram for unloading imports and loading exports, expanding authorised customs locations under the Customs Act.

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