Latest Articles
Section 16(2)(c) Safeguards Destination-Based GST Revenue Settlements
Goods and Services Tax : Explore how Section 53 enables destination-based GST revenue settlements and how Section 16(2)(c) safeguards States against tax le...
Income Tax Refund Delay: Tracking, Causes and Section 244A Interest
Income Tax : Learn why income tax refunds get delayed in AY 2026-27, how to track refund status, fix common issues, and claim interest under Se...
India’s Offshore Gateway: GIFT City’s Financial Architecture
Corporate Law : Learn how GIFT City IFSC operates, the approval process, tax benefits, compliance obligations, and why only approved SEZ units rec...
Section 50 Interest on Delayed GST Cannot Be Waived Without Statutory Provision: Karnataka HC
Goods and Services Tax : The Karnataka High Court held that interest under Section 50 of the CGST Act is a statutory liability that cannot be waived or red...
GST Registration Cancellation Without Specific Reasons Violates Rule 22(3): Gauhati HC
Goods and Services Tax : The Gauhati High Court held that a GST cancellation order without recorded reasons is a non-speaking order and violates natural ju...
Latest News
Beware of Fraudulent Communications Impersonating MCA Officials
Company Law : MCA has cautioned stakeholders against phishing calls, WhatsApp messages, emails, fake websites, and ZIP attachments impersonating...
IBBI proposes amendments to CIRP, Liquidation & Personal Guarantor Regulations
Corporate Law : IBBI has proposed amendments to CIRP, Liquidation, and Personal Guarantor Regulations to improve valuation, clarify RP duties, sim...
ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders
CA, CS, CMA : ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders; Matter May Be Referred for Disciplinary Action The Professional Develo...
SEBI Proposes Municipal Bond Rule Changes to Boost Retail Investor Participation
SEBI : SEBI proposes amendments to the Municipal Debt Securities Regulations to encourage retail participation through investor incentive...
SEBI Proposes Intraday Borrowing Against Non-Guaranteed Receivables for Mutual Funds
SEBI : SEBI proposes recognising intraday borrowing as a cash management tool by permitting broader borrowing purposes with board-approve...
Latest Judiciary
Service Tax Demand Cannot Rest on Freight Ledger Entries Alone: CESTAT Hyderabad
Service Tax : CESTAT Hyderabad set aside a reverse charge Service Tax demand, holding that accounting differences alone cannot establish taxabil...
Section 74 Proceedings Upheld for Excess ITC & RCM Default: Madras HC
Goods and Services Tax : Madras HC upheld Section 74 proceedings, finding prima facie excess ITC availment and unpaid GST under RCM on foreign booking agen...
50-Year Lease Not a Transfer U/s. 2(47)(vi) Without Transfer Arrangement: ITAT Nagpur
Income Tax : ITAT Nagpur held that a 50-year lease is not a transfer under Section 2(47)(vi) where the transaction is only a lease and not an a...
Section 149 Limitation Bars Section 148 Reassessment Based on Search Material: Gujarat HC
Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...
Bona Fide Dispute on Debt Bars Winding Up Petition Under Section 433(e): MP HC
Company Law : Madhya Pradesh HC dismissed a winding up petition, holding that a bona fide dispute over liability required adjudication before th...
Latest Notifications
China Glufosinate Imports Face Provisional Assessment & Additional Guarantee: CBIC
Custom Duty : CBIC has directed provisional assessment of imports of Glufosinate and its salt from China pending the anti-absorption review. Imp...
China-Origin Insoluble Sulphur Imports Face Provisional Assessment Pending Review: CBIC
Custom Duty : CBIC has directed provisional assessment of Insoluble Sulphur imports from China while the anti-absorption review remains pending....
Duty Paid Through Scrips Eligible for Section 74 Drawback or Section 27 Refund Only by Re-Credit: CBIC
Custom Duty : CBIC has clarified that drawback under Section 74 and refund under Section 27 cannot be paid in cash where import duty was dischar...
IBBI Cancels IP Registration for Systemic CIRP Misuse & Due Diligence Failures
Corporate Law : IBBI cancelled an IP’s registration over systemic CIRP misuse, flawed valuations, non-disclosures, compliance failures and lack ...
ICAI Proposes Higher Minimum Stipend for Articled Assistants
CA, CS, CMA : ICAI has proposed revised minimum stipend rates for articled assistants based on city population while inviting stakeholder feedba...
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FAQs
GSTN has clarified mandatory Ship-to GSTIN requirements, API changes and voluntary e-Way Bill closure before the proposed 1 August 2026 rollout.
RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints against regulated entities. The Scheme also introduces structured settlements, compensation, and an appeal process.
RBI has updated the FLA Return FAQs, clarifying who must file, the 15 July deadline, revision procedures, and reporting requirements under FEMA. The guidance helps entities avoid compliance lapses and potential penalties.
MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The monthly indicator will complement the IIP and improve economic monitoring and policymaking.
Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The guide also explains the transition from AAR to the Board for Advance Rulings and the e-Advance Ruling Scheme.
