The High Court ruled that retrospective cancellation of GST registration is invalid if such action is not proposed in the original show cause notice. The judgment emphasizes adherence to natural justice and proper reasoning in administrative orders.
Courts have addressed whether time spent pursuing rectification affects the limitation for GST appeals. The rulings aim to ensure taxpayers do not lose their right to appeal due to rectification proceedings.
Dormant company status allows inactive companies to maintain legal existence with minimal compliance. The provision helps businesses reduce costs while planning future operations.
Budget 2026 proposes a new penalty framework for failure to report crypto-asset transactions under section 509. Reporting entities may face ₹200 per day penalty or ₹50,000 for inaccurate information.
SEBI now requires investigations into SME IPO irregularities to reach a regulatory milestone within 180 days. The rule aims to prevent fund diversion and ensure faster enforcement in capital markets.
ICEGATE is the official CBIC portal that allows importers and exporters to manage customs processes online. Registration enables businesses to file documents, track shipments, and pay duties electronically.
A new amendment effective from January 2026 limits GST interest to the unpaid portion of tax after considering ITC and minimum cash ledger balance. The change significantly reduces the interest burden for taxpayers.
The IBC gives financial creditors exclusive voting power in resolution plans, while operational creditors remain bound by decisions they cannot influence. Courts have upheld this structure as long as liquidation value protection under Section 30(2)(b) is maintained.
The guideline clarifies that GSTAT appeals must be filed online with proper formatting, documentation, and procedural compliance for successful registration.
GSTN clarified that from February 2026 taxpayers must confirm the auto-populated “Tax Liability Breakup” in GSTR-3B before filing the return, even though a system issue currently requires confirmation in all cases.
