The Bombay High Court set aside reassessment, demand, and penalty proceedings after finding that the notice under Section 148 was issued in the name of a company that had ceased to exist due to amalgamation.
The Supreme Court held that CIRP can run simultaneously against both a corporate debtor and its guarantor under the IBC, affirming the co-extensive liability principle.
The article explains that statements in GST notices are only allegations until supported by evidence. It highlights that tax demands must be based on verifiable facts rather than assumptions.
The Tribunal found that the authority misapplied the law by relying on provisions relating to donor deductions rather than approval conditions for institutions. Since the trust fulfilled statutory requirements, the rejection of approval was set aside.
The Ministry of Finance amended Notification No. 14/2018 under the Union Territory GST framework to substitute the designated authority. The amendment appoints the Joint Commissioner, CGST Daman, in the relevant table entry. The update ensures clarity regarding the officer responsible for specified GST functions.
BSE announced that the single filing system through API-based integration between stock exchanges will now cover additional XBRL disclosures from 7 March 2026. The expansion includes filings related to board meetings, trading window closure, fraud/default events, and debt restructuring.
The Karnataka AAR held that the exemption for housing society contributions must be calculated on a monthly basis per member. The ruling clarified that the threshold cannot be aggregated annually even if billing is done quarterly or annually.
The AAR held that corpus fund contributions collected by a housing association are advances for future services and constitute a taxable supply. GST becomes payable at the time of collection under the time-of-supply provisions.
The Karnataka AAR held that corpus fund contributions collected by an apartment association constitute a supply under GST as they represent advances toward future services. GST is therefore payable at the time of collection of the corpus fund.
The AAR held that the ITC restriction under Notification 08/2018 applies only to the used motor vehicles themselves. Dealers can claim ITC on refurbishment, marketing, rent, and other business expenses.
