सुप्रीम कोर्ट ने स्पष्ट किया कि अपील के दौरान जमा प्री-डिपॉजिट की वापसी सामान्य जीएसटी रिफंड नहीं है। इसे धारा 107(6) और 115 के तहत विशेष प्रक्रिया से ब्याज सहित लौटाया जाना चाहिए।
The Karnataka High Court ruled that refund of accumulated ITC under Section 54(3)(ii) cannot be denied merely because the input and output supplies are identical. The Court clarified that the law does not require comparison of principal input and output tax rates.
The High Court held that Section 94 of the BNSS only allows authorities to call for documents and does not empower police to freeze bank accounts. Since the account was frozen without proper statutory authority, the action was declared illegal.
The Finance Bill 2026 proposes allowing taxpayers to file an Updated Return even after receiving a reassessment notice under Section 148. This move aims to reduce litigation by enabling voluntary disclosure and tax payment through a structured compliance mechanism.
Companies often assume that approval of Form INC-22 completes a registered office change. However, the law mandates Regional Director approval and additional filings, making INC-22 only the final step in the process.
High Courts have emphasized that ITC cannot be denied solely on the basis of a supplier being declared non-existent. Authorities must provide evidence of the buyer’s involvement and follow principles of natural justice.
The Tribunal condoned a 161-day delay in filing the appeal after accepting medical evidence showing the assessee suffered an accident and dengue fever. The ruling reiterates that courts should adopt a liberal and justice-oriented approach in condonation matters.
PFRDA has introduced a revised IMF framework for pension funds effective 1 April 2026, maintaining separate slab-based rates for Government and Non-Government sector subscribers.
Rule 333 mandates electronic tax payments for companies and specified taxpayers, while the draft rules also prescribe detailed depreciation rates for various tangible and intangible assets.
Rule 332 of the Draft Income-tax Rules 2026 allows the CBDT to mandate electronic submission of tax forms and documents to streamline compliance, enable secure verification, and improve record management.
