Supreme Court ruled that goods must be classified based on their specific tariff description and GRIs, not merely on how importers use them. End use is relevant only where tariff heading or notes explicitly or inherently permit it.
The issue is how suppliers can charge GST at 0.05% or 0.1% on export-linked supplies. The key takeaway is that the benefit is conditional and depends entirely on strict compliance with notifications.
The issue is what triggers GST liability. It is held that only transactions qualifying as “supply” under law are taxable, making supply the decisive test.
MCA now displays Small Company status directly in Company Master Data. The key takeaway is reduced ambiguity and faster compliance decisions—provided underlying financial data is accurate.
The new labour framework mandates restructuring of wages to ensure basic pay and dearness allowance form at least half of remuneration. This mainly affects fixed-term and contract workers, while permanent employees see limited change.
The Tribunal clarified that disallowance under Section 14A is not warranted when sufficient interest-free own funds are available, reinforcing limits on Rule 8D application.
GSTN has made Table 3.2 of GSTR-3B non-editable with auto-population from GSTR-1/1A/IFF. The update ensures consistency in inter-State supply reporting and restricts corrections to prescribed amendment routes.
Courts are increasingly questioning whether all homebuyer claims qualify as financial debt. The key takeaway is a shift toward transaction-based scrutiny rather than automatic classification.
This explains the legal framework governing insolvency filings before the NCLT. The key takeaway is that strict procedural compliance and proof of default are critical for admission.
Explains how real estate transactions with non-residents commonly violate FEMA due to misunderstood eligibility, payment, and repatriation rules, and what compliance requires.
