Notification No. 27/2026-Central Excise extends Nil special additional excise duty benefits to E22, E25, E27 and E30 petrol blends. The measure strengthens the Government’s policy framework promoting ethanol-based fuels.
PFRDAs 2026 amendment redefines the assets of the National Pension System Trust, expressly covering subscriber funds, securities, and other investments. The change provides greater clarity on the assets held by the Trust on behalf of NPS subscribers.
The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs. It aims to promote innovation while maintaining regulatory oversight.
Notification No. 26/2026-Central Excise extends Nil excise duty benefits to petrol blended with 22%, 25%, 27% and 30% ethanol. The move reinforces the Government’s commitment to expanding ethanol usage in the fuel sector.
The Court held that writ petitions need not continue once the GSTAT becomes operational and statutory appeal timelines are available. It directed the petitioner to pursue the appellate remedy after complying with the prescribed pre-deposit requirements.
The Court held that cancellation proceedings for Rule 10A violations must be initiated through FORM GST REG-31, which grants thirty days to respond. Use of FORM GST REG-17 with a shorter timeline was found to be legally unsustainable.
The Karnataka AAR held that ITC on statutory canteen services is available only to the extent of expenses actually borne by the employer for regular employees. Credit cannot be claimed on amounts recovered from employees or attributable to contract workers.
CESTAT Delhi held that overseas liaison offices functioning merely as communication channels cannot be treated as separate service providers to their Indian head office. The Tribunal set aside service tax demands on reimbursements and emphasized that one cannot provide services to oneself.
Artificial Intelligence is transforming the tax profession by streamlining research, drafting, and compliance processes. The key takeaway is that professionals who embrace AI can enhance productivity and strengthen their competitive advantage.
ICAI has unveiled a detailed schedule of virtual classes designed to assist students appearing in upcoming CA Intermediate examinations. The classes focus on concept clarity, exam preparation strategies, and continuous academic support.
