New rules require extensive documentation and security vetting for bidders with foreign ownership or technology links, ensuring national security and transparency in public procurement.
GST is a civil tax law, interspersed with colours of criminal provisions. For taxpayers and tax official, the tax compliance and collection are key provisions. However, in case of confrontation, there are possibilities of using the provisions of Bhartiya Nagarik Suraksha Sanhita (BNSS) along with PMLA with the criminal provisions in the GST law. In […]
This article explains how the new standardized wage definition sharply increases PF, gratuity, and bonus liabilities for employers. It highlights the financial impact on payroll budgets and outlines key compliance and restructuring strategies.
ITAT analyzes the conflict between IBC’s asset protection and PMLA’s confiscation power. Attachment must cease post-resolution plan, and the IBBI circular offers a path for asset restoration.
The Supreme Court’s ruling on Permanent Establishment (PE) expands taxability for MNEs, holding that “effective control and continuous direction” through operational continuity, even without a traditional fixed office, constitutes a fixed-place PE under Article 5.
India’s Customs Notification 45/2025 consolidates 31 duty exemptions into a single reference. It clarifies BCD/IGST relief for EVs, medical goods, and project imports.
Supreme Court judgment protects bona fide GST buyers from ITC denial due to seller non-payment, ruling that tax departments must pursue defaulting suppliers. Relevant to Section 16(2)(c).
Regulations require proper officers to finalise provisional assessments within 3 months of receiving documents or completing enquiries, with total process capped at 2 years.
RBI Notification No. RBI/2025-26/82 mandates uniform, transparent procedures for settling deceased customers’ claims across banks. Sets 15-day time limits and penalty for delays.
Electronics Component Manufacturing Scheme (ECMS) is an important step by the Government of India to make the country stronger in electronics production. Instead of depending on other countries for parts, this scheme encourages companies to manufacture key electronic components right here in India.
