Latest Articles
Govt Cannot Expand GST Liability Beyond Council Recommendations Madras HC
Goods and Services Tax : The Madras High Court held that notifications under Sections 9 and 11 of the CGST Act cannot go beyond GST Council recommendations...
SC Recognizes Right to Walk, Upholds Pedestrian Safety as a Constitutional Right
Corporate Law : The Supreme Court held that the right to walk and use safe footpaths is a fundamental constitutional right under Articles 19 and 2...
GST: Simplified way to understand Tax Invoice & Bill of Supply
Goods and Services Tax : Explains when to issue a Tax Invoice or Bill of Supply under GST and how the correct document helps avoid ITC disputes, notices, a...
Analysis of SEBI’s Large Value Fund Reform & Limits of Accreditation-Based Regulation
SEBI : The article argues that SEBI's AIF reforms rely heavily on investor accreditation but leave gaps in disclosure, accountability and...
Limitation – A Perspective between Tribunals – CESTAT vis-à-vis GSTAT
Goods and Services Tax : The article explains that GSTAT can condone delay only within the statutory extension under the CGST Act, unlike CESTAT....
Latest News
SEBI Proposes Simpler Securities Transmission Rules to Reduce Documentation Burden
SEBI : SEBI proposes revising the securities transmission framework by simplifying documentation, standardising procedures, and increasin...
EBI proposes GARUDA mechanism to reduce AIF scheme launch timelines
SEBI : SEBI proposes the GARUDA mechanism to reduce AIF scheme launch timelines while retaining post-facto regulatory oversight and compl...
SEBI Proposes SDI Regulation Amendments to Align Securitisation Framework with RBI Rules
SEBI : SEBI has proposed amendments to align the SDI Regulations with the RBI's 2025 securitisation framework and support the listed secu...
SEBI Reintroduces Open Market Buy-Back Due to Tax Neutrality for Shareholders
SEBI : SEBI proposes restoring open market buy-backs through stock exchanges after changes in buy-back taxation removed earlier inequitie...
SEBI Proposes Transfer of Social Stock Exchange Capacity Building Fund to Section 8 Company
SEBI : SEBI proposes shifting the Capacity Building Fund from NABARD to the newly incorporated SSE-CBF to strengthen governance and ecosy...
Latest Judiciary
CCI Closes Competition Case as Mandatory NOC, PIS & Boycott Practices Not Proven
Corporate Law : CCI held evidence did not prove mandatory NOC, PIS approvals or systematic boycott after compliance measures and closed the procee...
TP Addition Deleted as Management Support Services Proved Genuine
Income Tax : The ITAT Pune held that detailed agreements, invoices and supporting records established that management support services were act...
GSW Enterprise Resolution Plan Approved as NCLT Upholds CoC’s Commercial Wisdom
Corporate Law : NCLT held that courts cannot interfere with CoC's commercial decisions where the resolution plan satisfies statutory requirements....
CESTAT Remands Excise Duty Dispute on Indian Railways Supplies Due to Retrospective Exemption
Excise Duty : CESTAT remanded the excise case after holding that retrospective exemption under the Finance Act, 2015 required fresh adjudication...
Income Tax Assessment Set Aside as SCN Reply Was Not Properly Considered
Income Tax : Calcutta High Court quashed the assessment, demand and penalty proceedings after holding that the assessee was denied a meaningful...
Latest Notifications
CBIC Extends Sea Cargo Manifest Compliance Deadline to 31 August 2026
Custom Duty : CBIC has extended the compliance deadline under the Sea Cargo Manifest and Transshipment Regulations to 31 August 2026. The amendm...
Small Savings Schemes Interest Rates for July–September 2026
Finance : The Government has kept interest rates on all Small Savings Schemes unchanged for July-September 2026. Investors will continue to ...
CBIC Rolls Out Pan-India SCMTR Implementation, Extends Transition Relief to 31 August 2026
Custom Duty : CBIC has extended the SCMTR transitional period until 31 August 2026 to support nationwide implementation. No penalties will apply...
DGFT Reviews Wheat Flour Export Quota & Seeks Utilization Details by July 10
DGFT : DGFT has initiated a review of allocated wheat flour export quotas and directed exporters to submit utilization certificates and q...
DGFT Revises Niryat Disha Guidelines, Raises MSME Reimbursement to ₹50 Lakh & Expands Eligible Certifications
DGFT : DGFT has amended the TRACE guidelines under EPM–Niryat Disha by raising reimbursement limits and introducing differentiated fina...
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FAQs
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.
The document clarifies that a director’s resignation becomes effective upon receipt by the company or the specified future date, without requiring Board approval. It also explains the statutory compliances and continuing liabilities after resignation.
Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due date, and penalties for non-compliance. This guide explains the key compliance requirements for businesses and professionals.
Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures, notices, timelines, reassessment provisions, and taxpayer remedies.
