Latest Articles
When GST Demand Goes Beyond SCN: A Practical Story from Telangana HC
Goods and Services Tax : The issue was whether GST demand can exceed the show cause notice. The court held that such expansion violates Section 75(7) and m...
The Doctrine of Statutory Prerogative: An Expanded Analysis of the Gujarat High Court’s Verdict on Section 16(2)(C) of CGST Act 2017
Goods and Services Tax : The issue was whether buyers can claim ITC when suppliers default on tax payment. The court upheld denial, emphasizing ITC is cond...
GSTAT Appeal – Section 112: Maintainability, Limitation, Pre-Deposit & FORM GST APL-05
Goods and Services Tax : The article explains when GSTAT appeals are maintainable and outlines key filing conditions. It highlights timelines, pre-deposit ...
Private Premises Can’t Be Turned Into Unregulated Congregational Space: Allahabad HC
Corporate Law : The issue involved seeking permission for regular religious gatherings at private premises. The Court held that such use is not pr...
TDS & TCS Changes from 1st April 2026
Income Tax : The reform consolidates TDS provisions into a structured system and introduces digital compliance mechanisms. It enhances clarity,...
Latest News
Mandatory Time Limit for Appeal Disposal Suggested Due to Huge Pendency Before CIT(A)
Income Tax : The issue highlights delays caused by non-binding timelines in appellate proceedings. It proposes mandatory limits to ensure faste...
GIFT-IFSC Emerges as Global Treasury Hub Due to Regulatory Reforms
Finance : The conference examined how regulatory flexibility and tax incentives are transforming GIFT-IFSC into a global treasury hub. It hi...
India Deploys Mobile Alert System Due to Rising Need for Disaster Preparedness
Corporate Law : The initiative addresses delays in disaster communication across regions. The system enables instant, geo-targeted alerts using mo...
NFRA issues Audit Quality Inspection Guidelines
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
ICSI Invites Feedback on CS Syllabus Revision
Company Law : ICSI has proposed revising the CS syllabus to align with the National Education Policy and global practices. Stakeholder input wil...
Latest Judiciary
Advance Ruling Rejected as Warehousing Scheme Issue Falls Outside CAAR Jurisdiction
Custom Duty : The authority examined whether warehousing scheme applicability can be decided under advance ruling. It held that such procedural ...
ITC Denial Upheld Due to Supplier Tax Default Under GST Law: Gujarat HC
Goods and Services Tax : The Court examined whether ITC can be denied when the supplier fails to deposit tax. It upheld the provision, ruling that ITC depe...
Mandatory Service Charge by Restaurant is Illegal: CCPA
Goods and Services Tax : The authority examined whether automatic service charges violate consumer rights. It ruled that default billing of such charges is...
Delay Condoned with Cost: ITAT Grants Fresh Chance, Slams Non-Complianc
Income Tax : The issue involved dismissal of appeal due to delay and non-appearance. The tribunal condoned the delay citing medical reasons and...
GSTAT Remands Anti-Profiteering Case Due to Unverified ITC Reversal Claims
Goods and Services Tax : The Tribunal remanded the case after finding that ITC reversals on unsold inventory were not adequately examined. It directed fres...
Latest Notifications
NCLT Allows Single Member Benches to Hear Cases to Reduce Pendency and Speed Up Disposal
Corporate Law : The order permits single judicial members to handle procedural and uncontested matters. It ensures faster case disposal while pres...
CBIC Revises UTGST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Union Territory Tax (Rate) to revise tariff entries under UTGST schedules from May 1, 202...
CBIC Revises IGST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Integrated Tax (Rate) to revise tariff entries under IGST schedules in line with Finance ...
CBIC Revises GST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Central Tax (Rate) to revise tariff entries in GST schedules in line with Finance Act, 20...
Gross and Net GST revenue collections for month of April, 2026
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
Latest Downloads
FAQs
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.
The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.
RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
