High Court held that customs regulations require verification through reliable documents and data, not mandatory physical inspection of a client’s premises.
This case explains how foreign digital services like hosting fall under OIDAR and become taxable imports under GST. It highlights compliance through Reverse Charge Mechanism and ITC eligibility for registered businesses.
This case explains how GST law overrides mutuality by treating associations and members as distinct taxable persons. It clarifies that internal transactions like membership fees now qualify as taxable supply.
The Tribunal held that notice under Section 148 was invalid as it was issued by an officer lacking jurisdiction. It relied on CBDT Instruction prescribing monetary limits. The ruling highlights strict adherence to jurisdictional norms.
The issue involved alleged incomplete disclosure under RTI. The authority held that all available records were already shared and no further disclosure was required.
The case involved non-disclosure of overlapping interests between contractor and resolution applicant. The authority held that lack of transparency compromised the process and imposed a three-year suspension.
The issue involved limited validity of norms for Advance Authorisation. The amendment extends validity to 2028, ensuring continuity and reducing compliance burden.
The consultation paper proposes allowing OBPPs to offer products regulated by IFSCA. It aligns with broader efforts to enhance cross-border investment opportunities. The proposal also ensures compliance with foreign exchange rules.
The consultation paper issued by Securities and Exchange Board of India seeks public comments on a draft circular proposing to extend the benefit of early pay-in (EPI) in the commodity derivatives segment to options contracts, in addition to its current applicability to futures contracts. Under the existing framework prescribed in the SEBI Master Circular dated […]
The Tribunal found that the transfer pricing adjustment was incorrectly computed using SEB sale rates. It allowed deduction based on consumer tariff rates. The decision clarifies benchmarking for captive consumption.
