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
IBBI Proposes Real Estate CIRP Reforms for Stronger Protection for Homebuyers
Corporate Law : The proposed amendments require comprehensive project-wise disclosures, technical assessments, and mandatory information in resolu...
Haryana Tops India in GST Growth with 32% Revenue Surge in Q1 FY 2026-27
Goods and Services Tax : Haryana recorded the highest State GST revenue growth of 32% during the first quarter of FY 2026-27, outperforming all other state...
IFSCA Issues Consultation Paper on Revised International Branch Campuses Regulations, 2026
Finance : IFSCA has released draft regulations for International Branch Campuses and invited public comments until 10 July 2026. The proposa...
IRDAI Approves Ind AS Implementation as Insurance Sector Transitions to Global Accounting Standards
Corporate Law : IRDAI approved implementation of Ind AS for all insurers from 1 April 2026 with transitional arrangements and limited forbearance....
SEBI Proposes Uniform AIF Investor Consent Rules
SEBI : SEBI proposes replacing varying investor approval thresholds with a uniform 75% consent requirement by value wherever applicable. ...
Latest Judiciary
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...
Service Tax Demand Quashed as Freight-Based Voyage Charter Was Not Vessel Hire
Service Tax : CESTAT held voyage charter agreements were contracts for transportation of goods, not supply of tangible goods. The service tax de...
Latest Notifications
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...
IBBI publishes syllabus for Phase 10 of Limited Insolvency Examination
Corporate Law : IBBI has released the Phase 10 syllabus for the Limited Insolvency Examination, effective from October 1, 2026, to reflect evolvin...
DGFT Extends FY 2025-26 India-UAE CEPA Gold TRQ Authorisations Till 30 Sept 2026
DGFT : DGFT has extended the validity of FY 2025-26 gold TRQ Authorisations under the India-UAE CEPA until 30 September 2026. The extensi...
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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.
