This explains how non-realisation of export proceeds within FEMA timelines leads to GST refund reversal and interest liability. The key takeaway is that exporters must track realisation deadlines proactively to avoid automatic tax exposure.
This explains when ITC becomes ineligible under Section 17(5)(h) due to expiry or destruction of goods. The key takeaway is that ITC reversal is mandatory and time-sensitive.
In NHRC Case No. 248/36/0/2025, the Commission examined complaints of alarming fluoride contamination in Telangana groundwater and noted official reports showing an increase of nine affected villages and State reliance on alternative surface water supply schemes. The NHRC has now directed that the Action Taken Reports be shared with the complainant and sought comments within four weeks before further proceedings
Allegations center on discounted asset purchases followed by high-value charitable donations to secure outsized tax deductions. The key takeaway is the risk posed by inflated appraisals and weak valuation controls.
The court held that advocates cannot be compelled to disclose how they obtained documents filed for clients, reaffirming attorney–client privilege under evidence law.
This article analyses how Section 74A alters the GST penalty framework by weakening the role of intent. The key takeaway is that even bona fide disputes may now face enhanced penal exposure.
Taxpayers are facing revival of decades-old demands without prior notice or service of orders. The key takeaway is that such demands suffer from serious procedural lapses and merit CBDT intervention.
The High Court ruled that ITC cannot be reversed when the supplier was registered at the time of purchase and the transaction was genuine. The key takeaway is that buyers are not responsible for a supplier’s future non-compliance.
Explains how restricted imports are regulated in India and the approvals required. The key takeaway is that advance licensing and regulator clearances are critical for smooth imports.
Courts and regulators now treat related party transactions as a core governance issue rather than procedural compliance. The key takeaway is that boards must demonstrate real oversight under Section 188.
