The Karnataka High Court set aside the dismissal of a GST appeal that was rejected due to a 451-day delay. Relying on an earlier coordinate bench ruling, the Court remanded the matter for consideration on merits.
ICAI notifies removal of 12 chartered accountants from membership rolls, with suspension periods, fines, and reprimands in select cases.
A new customs notification grants full exemption from customs duty and Agriculture Infrastructure and Development Cess on cotton imports. The relief is available for imports made between June and October 2026.
The standards explain how written representations and external confirmations help auditors obtain reliable evidence and support audit conclusions.
The paper explains how founder agreements allocate equity, define management responsibilities, and establish exit mechanisms. It highlights their role in reducing disputes and creating governance stability in venture-backed startups.
The Supreme Court examined whether online gaming platforms offering skill-based games can be treated as suppliers of actionable claims arising from betting and gambling. The case also involved challenges to GST demands, valuation rules, and the constitutional validity of various GST provisions.
Supreme Court held that States can regulate or prohibit betting on skill games, ruling that Entry 34 extends to all forms of betting and gambling.
Publishers must continue complying with annual filing, record maintenance and reporting requirements even after obtaining a PRGI registration certificate.
Despite withdrawal of many tax benefits under Section 115BAC, official duty-related allowances remain exempt to the extent of actual expenditure incurred and substantiated.
The GST law provides a limited window to rectify reporting errors relating to FY 2025-26. Timely corrections can help businesses avoid ITC loss, interest liability, and future disputes.
