GST law bars returns after three years, but an approval-based unbarring facility offers limited relief. Filing is possible only with officer approval and strict timelines.
The GST portal now adjusts interest using minimum cash ledger balance during delays. Taxpayers must still verify and self-compute the final interest liability.
SEBI reclassified REITs as equity instruments to resolve inconsistent treatment across fund categories. The move aligns risk disclosure with investor expectations and global norms.
The court held that confirming a demand far exceeding the SCN violates Section 75(7) of the CGST Act. Any enhancement without a fresh notice is a jurisdictional error warranting quashing.
India shifts tobacco GST to RSP-based valuation from Feb 2026, raising tax outflows, tightening liquidity, and reshaping supply chain finance.
The High Court held that firing at accused persons during encounters without following mandatory procedures is impermissible. Non-compliance with FIR registration and independent investigation norms was strongly criticised.
The agreement removes or reduces duties on most traded goods. It significantly improves export competitiveness and bilateral market access.
Courts have held that the two-year limit under Section 54 is not mandatory in all cases. Where the refund claim is genuine, bonafide, and causes no revenue loss, procedural delay cannot defeat substantive rights.
The article explains that a GST first appeal must be filed within three months plus a maximum one-month condonation. Any delay beyond this statutory window makes the appeal time-barred, regardless of merits.
This piece analyses why a proposed alternative to existing global institutions has faced resistance. It highlights that unilateral ambitions and past geopolitical actions undermine confidence in peace initiatives.
