The guide clarifies when GST liability shifts to the recipient under RCM for GTA and renting services. The key takeaway is that correct classification and notification-based conditions determine tax liability.
RFC accounts allow returning NRIs to retain foreign currency instead of converting funds into rupees. The key takeaway is that this facility ensures flexibility and smoother financial transition after returning to India.
The Court held that absence of recorded “reason to believe” invalidates seizure under GST law. Cash seizure without proper justification was declared unlawful.
CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, reporting, and compliance across tax domains.
The notice clarifies eligibility, UIN requirements, and claim procedures under the export credit scheme. It emphasizes strict compliance and limits benefits to eligible disbursements.
Courts held that prior exemption claims under Sections 11 and 12 cannot justify denial of 80G approval. The key takeaway is that both benefits legally coexist.
GST may appear simplified, but HSN classification remains central to compliance and disputes. Incorrect classification can lead to penalties and scrutiny.
The Court held that an assessment order passed in the name of an amalgamating, non-existent entity is void. It ruled that system glitches cannot cure a fundamental jurisdictional defect.
The Supreme Court clarified that tax planning is valid only when backed by real commercial substance. It held that artificial structures without economic activity cannot claim treaty benefits.
The Court held that rejection of a lower withholding certificate without reasons violates Rule 28AA. It remanded the matter for fresh consideration with a speaking order.
