Artificial intelligence is enabling faster decision-making, fraud detection, and automated compliance in financial and tax systems. However, issues such as the “black box” nature of AI and regulatory oversight remain critical concerns.
The Allahabad High Court held police officers guilty of contempt for ignoring repeated orders of a Chief Judicial Magistrate to produce CCTV footage in an illegal detention case. The Court ruled that judicial officers’ orders cannot be disregarded and awarded compensation to the victim while granting bail.
Barcode registration is an important step for manufacturers in India who want to sell their products in supermarkets, online marketplaces, through distributors, or in export markets. A barcode is a set of lines and numbers printed on a product that can be scanned by a machine. When scanned, it quickly shows the product details in billing and inventory systems. This makes sales faster and helps track stock properly.
Courts have questioned the practice of denying ITC by calling suppliers “non-existent” while simultaneously taxing outward supplies. The emerging judicial view protects bona fide buyers and rejects inconsistent fact-finding that causes cascading taxation.
The Central Excise (Amendment) Act, 2025 restores excise duty powers after the cessation of GST compensation cess. It sharply increases tobacco duties to maintain tax incidence at GST-era levels and prevent products from becoming cheaper.
The Budget introduces a ₹10,000 crore SME Growth Fund and GST interest relief, while imposing mandatory late fees for tax audit delays. Taxpayers must balance benefits with stricter compliance.
Under the CGST Act, executives responsible for company operations may face prosecution unless they prove due diligence. Corporate personality no longer provides absolute protection.
Learn the legal routes, tax exemptions, and documentation required to preserve tender eligibility during business transfer. Proper structuring under Section 47(xiii) is crucial.
Major updates include Supreme Court GST classification rulings, IBC jurisdiction clarifications, DTAA amendment with France, and DGFT export relaxations. Compliance and enforcement landscape sees significant changes.
India introduced a 6% and later 2% digital tax to capture revenue from non-resident tech giants operating without a permanent establishment. The levy operates outside tax treaties to ensure enforceability.
