The GST Portal now enables electronic filing of opt-in declarations for declaring hotel premises as “specified premises.” The key takeaway is mandatory online filing with defined timelines for FY 2026–27.
The government has approved new regional and company registries to streamline administration and improve access. The move aims to reduce jurisdictional load and strengthen regulatory facilitation.
The document explains how auditors should identify and assess risks of material misstatement in revenue under SA 315. It highlights structured ROMM analysis as the foundation for audit planning and quality.
The FAQs clarify how excise duty on chewing tobacco, jarda, and gutkha will be levied based on packing machine capacity rather than actual production. Manufacturers must comply with strict declaration, verification, and payment rules from 1 February 2026.
The Authority refused to rule on roasted areca nut classification, holding that the issue had already been conclusively decided by a High Court. A statutory bar prevented reconsideration despite tariff renumbering.
The advance ruling held that a vertebral body replacement implant functions as a substitute for an absent vertebra and therefore falls under other artificial parts of the body.
The issue was whether prosecution proved cruelty and abetment beyond doubt. The Court ruled that unspecified demands and inconsistent testimony cannot sustain guilt.
The release addresses growing IPO-led exits and the need for stronger stewardship standards. It highlights a framework aimed at protecting retail investors and promoting long-term governance.
The Tribunal ruled that additions for alleged cash payments cannot survive when based solely on third-party statements and unverified electronic data. Absence of corroboration and denial of cross-examination violated principles of natural justice.
The High Court held that criminal prosecution for delayed TDS payment cannot survive where sanction is granted mechanically without examining explanations and mitigating circumstances.
