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Archive: May, 2026

Posts in May, 2026

Section 58C and Limits of Adjudicating Authority’s Discretion in CIIRP: Speedy Resolution Not Yet on Horizon

May 1, 2026 327 Views 0 comment Print

Article examines Section 58C under CIIRP, highlighting procedural disputes, conversion risks, and regulatory gaps that may affect speedy insolvency resolution.

Insolvency Is Not Execution: Preserving the True Spirit of the IBC

May 1, 2026 1527 Views 0 comment Print

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 issues Audit Quality Inspection Guidelines

May 1, 2026 867 Views 0 comment Print

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 Invites Feedback on CS Syllabus Revision

May 1, 2026 321 Views 0 comment Print

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.

Mastering GST Rule 37: A Forensic Excel-VBA Tool for Automated ITC Reversal Tracking

May 1, 2026 4773 Views 0 comment Print

Standard accounting systems miscalculate the 180-day deadline, leading to ITC reversals and interest. Accurate invoice-based tracking is essential for compliance.

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2026

May 1, 2026 2799 Views 0 comment Print

The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval for such investments, including indirect ownership. The ruling strengthens scrutiny to safeguard national interests.

Electric Bike Insurance in India: How Coverage Conversation is Evolving With EV Market

May 1, 2026 432 Views 0 comment Print

Electric two-wheelers are becoming a more visible part of everyday mobility in India. As the EV market grows, riders are also beginning to think about coverage in a more detailed way. That is why bike insurance for electric models is now discussed with more attention than before. For many buyers, electric bike insurance is no […]

Safe Harbour Rules under New Income Tax Act, 2025 & Rules, 2026- Part II

May 1, 2026 969 Views 0 comment Print

The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is essential to gain tax certainty.

Hospitality Investment Opportunities in Madhya Pradesh through Tourism Subsidies

May 1, 2026 636 Views 0 comment Print

The scheme provides financial incentives for new, expanded, and upgraded hospitality projects. Key takeaway: investors can reduce capital costs significantly through structured subsidies.

GST NGTP Tag Cannot Alone Justify ITC Denial Without Proper Inquiry

May 1, 2026 603 Views 0 comment Print

Highlights that system-based NGTP tagging cannot replace proper verification before denying ITC. Key takeaway: factual investigation is essential before treating transactions as bogus.

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