The issue was whether a taxpayer could directly invoke writ jurisdiction claiming that a GST show cause notice and order were merely uploaded on the GST portal and not properly communicated.
Despite repeated opportunities, the tax department failed to provide instructions regarding recovery made before the appeal window closed. The Court disposed of the matter by allowing a refund application and ordering a time-bound decision by the tax authority.
The issue concerns the statutory framework governing the appointment of Managing Directors under the Companies Act, 2013. The guidance clarifies that strict adherence to eligibility criteria, approvals, and filing requirements is necessary to ensure a valid appointment.
The issue was whether bank bill discounting facilities require disclosure in Form DPT-3. It was clarified that only amounts outstanding as of 31 March must be reported as exempted borrowings, making the year-end balance sheet the determining factor.
As crypto regulations tighten, investors can no longer rely on incomplete transaction histories and informal tracking methods. The key takeaway is that accurate recordkeeping has become essential for tax compliance, audit readiness, and effective risk management
The ruling held that ITC on QIP-related services was available only to the extent the funds were used for repayment of borrowings. Credit was denied for the portion linked to investment in a subsidiary due to the absence of a direct nexus with the taxpayer’s business.
The Authority held that electricity transferred to the DISCOM grid constituted a supply under GST. Since electricity attracted a nil rate of tax, ITC on solar plant-related expenses was denied.
Uttarakhand AAR held that services relating to municipal water supply functions qualified for GST exemption under Notification No. 12/2017. The ruling clarifies how Article 243W functions influence tax treatment.
The RBI has expanded foreign portfolio investment eligibility to all individuals residing outside India. The move removes the earlier restriction that limited such investments to NRIs and OCIs.
The amendment clarifies that NRIs and OCIs investing on a repatriation basis must use designated repatriable rupee accounts for specified transactions. The key takeaway is that the RBI has strengthened monitoring mechanisms to improve transparency and compliance in foreign investments.
