The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and improved tax buoyancy.
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
April 2026 GST rulings addressed SCNs, limitation, refunds, registration cancellation, recovery, and natural justice in tax proceedings.
The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability Partnerships (LLPs). Section 194T takes effect from 1st April, 2025 (AY 2026-27), to bring payments such as salary, remuneration, commission, bonus and interest (whether on capital or on loan) by a partnership firm/LLP to its partners under the […]
India’s new Labour Codes introduce a uniform wage definition and 50% cap on exclusions, affecting PF, gratuity, bonus, and salary structuring.
Article examines Section 58C under CIIRP, highlighting procedural disputes, conversion risks, and regulatory gaps that may affect speedy insolvency resolution.
Article examines how IBC is meant for insolvency resolution, not debt recovery, and why using it as a recovery tool may weaken its legislative purpose.
NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance, risk assessment, and regulatory compliance through structured inspections.
ICSI has proposed revising the CS syllabus to align with the National Education Policy and global practices. Stakeholder input will help shape a modern, skill-focused curriculum.
Standard accounting systems miscalculate the 180-day deadline, leading to ITC reversals and interest. Accurate invoice-based tracking is essential for compliance.
