The Companies Compliance Fresh Start Scheme, 2026 allows companies to complete pending ROC filings at just 10% of additional fees. It offers a limited-time opportunity to avoid heavy penalties and legal consequences.
The Supreme Court has held that GST summons under Section 70 form part of an inquiry, not adjudicatory proceedings. However, courts have limited misuse by quashing repetitive or coercive summons.
NSIC registration allows eligible MSMEs to access government tenders without paying EMD and tender fees, strengthening procurement opportunities.
Rising tuition fees and limited scholarships have sparked concerns about commercialization in JEE and NEET coaching hubs like Kota.
Non-resident experts under notified government schemes will not be taxed on foreign income for five years, provided residency conditions are satisfied.
Budget 2026 introduces sweeping retrospective amendments affecting limitation, reassessment jurisdiction, DIN validity, and TPO timelines. The changes directly impact ongoing appeals, rectification, revision, and reassessment proceedings, altering litigation strategy for taxpayers and authorities alike.
Tripura HC held ITC cannot be denied under Section 16(2)(c) if buyer is bona fide and no fraud is alleged under Section 73 proceedings. Court ruled GST ITC cannot be denied to genuine purchasers merely due to supplier’s tax default absent fraud or collusion.
The article explains how high compliance expenses function as an indirect tax on small taxpayers. It highlights that uniform procedural requirements create regressive effects despite progressive statutory tax rates.
Explains how Place of Supply rules decide whether CGST/SGST or IGST applies and which State receives revenue. Highlights its central role in destination-based taxation.
Cross-border consultancy is permitted but subject to strict independence, tax, and foreign exchange compliance norms. Proper structuring and documentation are essential to avoid disciplinary exposure.
