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Interest on Excise Duty Not Payable in Revenue-Neutral Situations: Calcutta HC

January 16, 2026 306 Views 0 comment Print

The Court upheld the Tribunal’s view that interest cannot be levied when duty paid is fully creditable to downstream units. It confirms that compensatory interest requires actual revenue loss.

Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?

January 15, 2026 5127 Views 2 comments Print

Judicial rulings clarify that Section 54 focuses on timely investment of capital gains, not rigid legal ownership milestones. The exemption depends on when and how the investment is made.

From Writs to Tribunal: GST Litigation Gets Back on Track

January 15, 2026 1068 Views 0 comment Print

High Courts are declining to entertain GST writs now that GSTAT is operational. Taxpayers must pursue statutory appeals, with courts granting limited transition relief to avoid hardship.

Misuse of GST Section 64: Bona Fide Recipients Targeted Instead of Defaulting Suppliers

January 15, 2026 1188 Views 0 comment Print

Courts have held that bona fide recipients cannot be penalised for supplier defaults. Using Section 64 against compliant buyers is disproportionate and legally vulnerable.

How to Choose the Right Life Insurance Plan Based on Your Life Stage?

January 15, 2026 366 Views 0 comment Print

This guide explains how life insurance needs change from youth to retirement. The key takeaway is matching coverage type and amount with evolving responsibilities to avoid under- or over-insurance.

Circular Denying ‘Deemed Export’ Refund Can’t Apply to Zero-Rated Actual Exporters: Gujarat HC

January 15, 2026 612 Views 0 comment Print

The court ruled that a CBIC circular on deemed exports cannot block ITC refunds for actual exporters. Refunds under Section 54(3) must follow the statute when no deemed export benefits are claimed.

Interplay of Sections 73, 74 & 75 of CGST Act – Limitation, Appellate Powers & Illusion of Revival

January 15, 2026 762 Views 0 comment Print

The article explains that once fraud-based proceedings fail, demands cannot be revived under Section 73 if limitation has expired. Statutory time limits remain mandatory and jurisdictional.

GST Portal Enables Online Opt-In for ‘Specified Premises’ (Hotels)

January 15, 2026 2493 Views 0 comment Print

The GSTN now allows hotels to declare premises as “specified” online, determining whether restaurant services attract 18% GST with ITC or 5% without ITC. The move streamlines compliance and clarifies premises-wise classification.

A Practical GST Point Many Builders & Developers Overlook (80-20 Rule) — And End Up Paying For

January 15, 2026 10764 Views 2 comments Print

Builders under the 1%/5% GST regime must still meet the 80% registered procurement rule. Non-compliance attracts cash RCM liability without ITC benefit.

RBI’s New FEMA (Guarantees) Regulations, 2026: More Important Than Ever

January 15, 2026 927 Views 0 comment Print

The 2026 regulations replace the old FEMA framework and tighten oversight of guarantees. The key takeaway is clearer eligibility, reporting, and risk control.

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